Airtel Uganda has launched its initial public offering (IPO) in a bid to raise UGX 800 billion.
According to its prospectus, the operator has fixed the price per share at UGX 100 and the minimum number of shares one can purchase is 2,500, meaning that one will need at least UGX 250,000 to apply.
The offer will close on 13 October and the results of the IPO will be announced on 30 October.
To apply for Airtel Uganda shares, you will need to have a Securities Central Depository (SCD) account. Airtel customers with a valid Ugandan National Identity Number (NIN) can apply for shares via the m-IPO platform.
We are honored to be part of @AirtelUganda's IPO journey in Uganda, offering our financial expertise, advisory & support as the lead transaction advisor. Our Managing Director @MumbaKalifungwa attended and spoke at the prospectus launch yesterday. pic.twitter.com/uaYOViRnXH
— Absa Bank Uganda (@AbsaUganda) August 30, 2023
Here are the steps involved:
- Dial 18585#
- Select option 2, “Airtel IPO purchase”
- Enter a valid National Identification Number (“NIN”)
- Input the number of shares to apply for
- Select broker
- Enter PIN to confirm the application
- SMS received confirming application and detail
The Airtel Money business is not included in the initial public offering (IPO) of Airtel Uganda.
The IPO only includes Airtel’s products and services division, which provides voice bundles, internet services, USSD, SMS, one network, and sales of SIM cards.