Hanoi, October 16, 2025 – VPS Securities Joint Stock Company officially announces detailed guidance on the registration process, allocation principles, offering price determination, and payment procedures for investors participating in its Initial Public Offering.
I. Registration and Payment Instructions
Process:
1. Investor registers to purchase shares and submits deposit payment
Investors must complete the Share Purchase Registration Form and all required documents, and transfer the deposit to VPS’s escrow account within the specified timeframe via:
- Online via the VPS SmartOne application (under the VPS IPO Subscription feature);
- In person at VPS headquarters or its branches/transaction offices;
- Official distribution agents (View here).
- Account Number: 8600073694
- Account Name: VPS Securities Joint Stock Company
- Bank: Bank for Investment and Development of Vietnam (BIDV) – Ha Thanh Branch
2. Escrow Account for Share Purchases (including deposit payment) (“Escrow Account”):
VPS sends allocation result notification to investors
Notifications will be sent via email, the Notifications section on the SmartOne app, or via distribution agents.
3. Investor pays the remaining balance for allocated shares
Investors transfer the remaining amount to the Escrow Account within the specified timeframe.
4. VPS confirms final share purchase result
Including the number of shares successfully purchased and any refundable amount (if applicable).
5. VPS refunds investors (if applicable)
Refunds will be transferred to the investor’s account within 5 business days from the date VPS receives confirmation from the State Securities Commission of Vietnam regarding the receipt of the IPO result report, and the Escrow Account is released.
II. Subscription Order Requirements
- Minimum subscription quantity: 100 shares
- Order increment: 100 shares
- Price increment: VND 100
- Minimum subscription price: VND 60,000 per share
Investors may place multiple subscription orders through different distribution channels.
A valid subscription order must meet all of the following conditions:
- VPS receives a complete and valid registration dossier (either physical or online);
- VPS receives the required deposit (10%) into the Escrow Account within the specified period.
Notes:
- Investors may not modify or cancel a valid subscription order;
- Only valid subscription orders will be aggregated for price determination and allocation purposes;
- Investors holding ≥10% of the charter capital of another securities company and their related persons may not subscribe for more than 5% of VPS’s expected post-offering charter capital.
III. Offering Price Determination and Share Allocation Method
- Offering Price:
The Offering Price is the highest price at which the total number of offered shares can be fully allocated, provided it is not lower than the minimum offering price of VND 60,000 per share. - Allocation Principles:
Valid Subscription Orders eligible for allocation are those with a registered purchase price equal to or higher than the Offering Price (“Allocable Orders”).
- If the total number of shares registered in Allocable Orders by an investor is less than or equal to the total shares offered, the investor will receive the full registered quantity at the Offering Price.
- If the total number of shares registered in Allocable Orders exceeds the total shares offered:
(i) Allocable Orders with higher bid prices will be prioritized for allocation at the Offering Price until all shares are fully distributed;
(ii) Remaining shares will be allocated proportionally among Allocable Orders at the Offering Price.
Allocation Ratio = Remaining number of offered shares ÷ Total number of shares registered in Allocable Orders at the Offering Price
For detailed registration and payment instructions, investors are kindly requested to refer here
To receive updates on VPS’s IPO, please register at: https://ipo.vps.com.vn/
Thank you for your interest and support.
