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How to Buy in Lulu IPO: A Step-by-Step Guide

How to Buy in Lulu IPO: A Step-by-Step Guide

How to Buy in Lulu IPO: A Step-by-Step Guide

Lulu Group International’s highly anticipated Initial Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX) offers investors a unique opportunity to participate in the growth story of one of the region’s leading retailers.

Here’s a step-by-step guide on how to invest in the IPO:

1. Open a Brokerage Account:

2. Place Your IPO Bid:

3. IPO Allotment:

4. Payment and Settlement:

How to Invest in Lulu IPO Through Emirates NBD

To invest in the Lulu Group International IPO through Emirates NBD, follow these steps:

  1. Have an Investor Number (NIN):
    • Ensure you have a valid NIN issued by the Abu Dhabi Securities Exchange (ADX). This is a mandatory requirement for all IPO subscriptions in the UAE.  
  2. Open an Investment Account (if you don’t have one):
    • If you don’t already have an investment account with Emirates NBD, you’ll need to open one. This can be done online or at a branch.
  3. Subscribe Through Emirates NBD X App:
    • Log In: Log in to the Emirates NBD X app.
    • Navigate to IPO Subscription: Find the “IPO Subscription” option.  
    • Select Lulu IPO: Choose the Lulu Group International IPO from the available options.
    • Enter Details: Provide your investor number (NIN) and the desired number of shares.
    • Confirm and Submit: Review your application and submit it.
  4. Payment:
    • Ensure you have sufficient funds in your account to cover the subscription amount.
    • The funds will be debited from your account once the IPO allocation is confirmed.

Key Considerations:

By following these steps and carefully considering the factors involved, you can participate in the Lulu Group International IPO and potentially benefit from the company’s future growth.


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