Fidelity Bank has announced multiple digital and physical channels through which investors can subscribe to the Dangote Petroleum Refinery IPO, with the process taking less than two minutes for eligible subscribers using its digital platforms.
The bank said the subscription options were designed to cater to existing customers, corporate organisations and non-customers in Nigeria and abroad.
Available channels include the Fidelity Bank mobile applications for iOS and Android users, the bank’s corporate banking platform and designated Fidelity Bank branches nationwide.
A key feature of the subscription process is the provision of Virtual Accounts for investors who do not maintain accounts with Fidelity Bank.
Under the arrangement, non-customers in Nigeria and abroad can initiate their subscriptions through the Fidelity Bank website, receive dedicated Virtual Account details and fund their applications from an operational bank account.
The bank said the Virtual Account option allows prospective investors to participate without opening a regular Fidelity Bank account. It also supports third-party funded subscriptions, providing non-customers with an additional digital route to participate in the offer.
Existing retail customers can subscribe through the Fidelity Bank Mobile App on iOS and Android devices, while corporate customers can use the bank’s corporate online banking platform, subject to the applicable inputter and authoriser process.
For additional support, investors can visit any Fidelity Bank branch or contact Fidelity TrueServe through 070034335489, WhatsApp on 09030005252 or email trueserve@fidelitybank.ng.
The bank said dedicated personnel would be available around the clock to assist intending subscribers and provide guidance throughout the subscription process.
Investors are required to provide relevant identification and account details, which may include a Bank Verification Number for non-Fidelity Bank account holders, a National Identification Number for minors and an active operational account or online banking profile for Fidelity Bank customers.
Investors without a Central Securities Clearing System account can also participate in the IPO. According to the bank, a stockbroking account can be opened through Fidelity Securities Limited to facilitate the electronic crediting of allotted shares following completion of the allotment process.
Once a subscription has been successfully authorised, the investor’s selected account will be debited or the assigned Virtual Account funded, depending on the subscription route used.
The investor will subsequently receive a confirmation message, transaction reference and receipt as evidence of the application.
Fidelity Bank said the initiative reinforced its commitment to widening access to Nigeria’s capital market through simple, inclusive and technology-driven investment solutions.
Prospective investors are advised to carefully review the approved Offer Prospectus before making an investment decision. The document contains details of the eligibility conditions, offer price, minimum subscription requirement, permissible multiples, offer period and other terms governing the IPO.
