TransJamaican Highway Limited IPO
NROCC is seeking to raise up to J$6,302,520,000 (or the US$ equivalent) from the sale of 1,750,700,000 Sale Shares in this Offer for Sale. Up to 700,280,000 of the Sale Shares are Reserved Shares that are specifically reserved for application from, and purchase by, the Reserved Share Applicants at a Purchase Price of J$3.60 or US$0.0228. Any Reserved Shares not taken up by the Reserved Share Applicants shall be made available for allocation upon applications from, and purchase by, the General Public. Further, NROCC has reserved the right to upsize the Offer by offering
an additional 750,300,000 Shares in the capital of the Company to purchasers in this Offer for Sale at the Purchase Price of J$3.60 or US$0.0228 per Share. If the Offer is oversubscribed, NROCC reserves the right to allot the Sale Shares to Applicants in consultation with the Lead Broker, on a basis to be determined, including on a pro rata basis and/or to ensure a fair and equitable allocation with an emphasis on a wide distribution of Sale Shares.
Read the TransJamaican Highway Ltd prospectus
Read the TransJamaica Highway - Analysis & Recommendation
Apply for the TransJamaican Highway Ltd IPO via Moneyline
Disclaimer: Investing involves risks. Please read the prospectus carefully, including the risk disclosures, and consult your broker or other investment professional before making an investment decision.
Offer Details

Open Date
March 4, 2025
Closing Date
March 18, 2025
Jamaican Dollar Price
J$3.60 per share
US Dollar Price
US$0.0228 per share
Minimum Purchase
Minimum of 1,000 share for J$ applications.
Minimum of 100,000 shares, for US$ applications.
Read the TransJamaican Highway Ltd prospectus
Read the TransJamaica Highway - Analysis & Recommendation
Apply for the TransJamaican Highway Ltd IPO via Moneyline
Disclaimer: Investing involves risks. Please read the prospectus carefully, including the risk disclosures, and consult your broker or other investment professional before making an investment decision.
How to apply for an IPO via JMMB Moneyline
Submitting an application for an IPO, online, is quick and easy, using our online banking platform, JMMB Moneyline. Follow the steps in the video which are also referenced below to successfully submit your application:
- From your browser, go to the JMMB Moneyline website which can be accessed at https://moneyline.jmmb.com/personal/
- Enter your username and password then select ‘Login’.
This is for persons with online access to their JMMB Equity Money Market Fund Account – (EMMA)
- Enter your security question then press ‘Continue’, to begin your Moneyline session
- From the main menu select ‘Transactions’, then select ‘New Transaction’ from the drop-down menu
- Select ‘Buy Stocks’, for the transaction type.
- Select the Equity Money Market Fund (EMMA) account that you would like to make the purchase from Select ‘IPO’, and all available IPOs will be displayed. Choose the IPO you would like to purchase, then press ‘Continue’
- You will be navigated to the ‘Order Details’ page, where you will be able to enter the quantity of shares you would like to purchase. The order type automatically defaults to the market price.
- You can also save a note to yourself about your transaction using the Personal Note section
- Please confirm your agreement with the terms and conditions in the IPO’s prospectus, by pressing ‘Continue’.
- If you have joint holders, a pop-up will appear to inform you that joint holders over the age of 18 years must indicate approval of this transaction to complete processing; and that instructions will be sent to joint accountholders via email.
- You will be sent to the ‘Order Summary’ page, for review. You may then press the ‘Back’ button to revise the transaction; ‘Continue’ to approve the transaction; or ‘Save and Add Another’, if you would like to include additional stock purchases.
- Once you have selected ‘Continue’, enter your PIN, then select ‘Process All Transactions’.
- The status column for the Transaction Results will indicate that the transaction has been submitted!
Joint Account Holder Approval Process
As a joint accountholder you do not need Moneyline access to be able to approve the IPO transaction. Joint accountholders will receive an email with the link to approve the stock order and an access code.
1. Enter your TRN and the access code in the form provided and click ‘Submit’.
2. Review the stock order and confirm your agreement to the terms and conditions in the prospectus, by clicking the ‘Approve Purchase’ button.
3. You will be navigated to the confirmation page, stating that the IPO transaction was approved.
Open your stock brokerage account (JMMB EMMA)
Buying and selling stocks online is our specialty. In fact, we are the largest retail stock brokerage in Jamaica.
Open a JMMB EMMA and you can buy and sell stocks online, through our intuitive Moneyline platform.
Let’s get started – Click Here to Open EMMA Account Online Today
Helpful Information:
To ensure you have a smooth process, please have the following documents on hand:
- Valid Government Picture Identification, such as a passport, driver’s license etc.
- Proof of residential address, such as utility bill
- Tax Identification Number (TRN or SSN)
- Source of funds
- Sign up for JMMB Moneyline online access. This will allow you to view your investments, buy and sell shares, transfer funds between accounts and more.
Frequently Asked Questions
How can I open a JMMB Stock Brokerage or Equity Trading Account (EMMA) online?
You can open your JMMB Stock Brokerage or Equity Trading Account (EMMA) account online by visiting JMMB’s Digital Onboarding Platform.
Follow the step-by-step instructions to complete your application. The process is available 24/7, and you can do it from anywhere in the world.
What is the minimum amount required to open a JMMB Stock Brokerage or Equity Trading Account (EMMA) with JMMB?
The minimum amount required to open an EMMA account during the IPO period is J$1000. This initial deposit allows you to start investing in stocks on the Jamaica Stock Exchange (JSE). For specific IPOs, like TransJamaican Highway, the minimum purchase is 1,000 units at $3.60 per unit, totaling J$3,600 + fees
What documents are accepted as proof of address when opening an JMMB Stock Brokerage or Equity Trading Account (EMMA)?
We accept the following documents as proof of address (must be recent, within the last 3 months):
- Current utility bill (electricity, telephone, water, cable, post-paid mobile phone bill). Please note that the service address on the utility bill is to correspond with the address indicated as your residential address.
- Current credit card or bank statement
- Letter from Government agency showing residential address.
- Government property tax receipt duly stamped by the Tax Collectorate.
- Letter from current employer.
- Back of the National Identification Card
- Letter from spouse or parent (note that proof of the relationship must be provided along with the respective proof of address)
- Letter from Justice of the Peace
- Address Verification Form
Can individuals living overseas open a JMMB Stock Brokerage or Equity Trading Account (EMMA) online, or are there additional requirements?
Yes, individuals living overseas can open an EMMA online. Non-residents are subject to additional due diligence as per Bank of Jamaica regulations, so the approval process may take slightly longer. For assistance, please contact our client care team.
I’m an existing client and already have an account with JMMB. Do I need to open a new account for JMMB Stock Brokerage or Equity Trading Account (EMMA), or can I use my existing one?
If you already have an EMMA , you can use it to purchase stocks.
If you only have a savings, checking, or unit trust account, you will need to open a JMMB Stock Brokerage or Equity Trading Account (EMMA) to buy or sell stocks. You can open a new EMMA by visiting JMMB’s Digital Onboarding Platform
How do I fund my JMMB Stock Brokerage or Equity Money Market Account (EMMA) to purchase stocks?
You can fund your JMMB Stock Brokerage or Equity Trading Account (EMMA) by transferring funds from any local bank or another JMMB account (e.g., EzAccess or Bonus Saver) via Moneyline. Once your account is funded, you can place orders for stocks through Moneyline. For assistance, please contact our client care team.
Can I purchase stocks with less than $25,000 JMD?
Yes, you can open an JMMB Stock Brokerage or Equity Trading Account (EMMA) with as little as J$1,000. However, for specific IPOs like TransJamaican Highway, the minimum purchase is J$3,600 + fees (1,000 units at $3.60 per unit).
How do I access my Stock Brokerage account or Equity Money Market Fund Account (EMMA) to trade stocks?
You can access your JMMB Stock Brokerage or Equity Trading Account (EMMA) through the Moneyline platform. After your account is opened, enroll in JMMB Moneyline, our online banking platform.
Once successfully registered, you can log in to Moneyline.jmmb.com or the Moneyline App, view your portfolio, and place buy/sell orders for stocks.
How do I add a new account to Moneyline?
Easily add an account to your JMMB Moneyline with these simple steps:
- Go to Moneyline from your web browser
- Log in using your username and password
- Navigate to “My Profile”
- Select “Account Preferences”
- Click on “Add/Remove Your Online Accounts”
- Check the box next to the account(s) you want to add
- Click “Continue” to proceed
- Check your email or SMS for a verification code
- Enter the verification code, your 4-digit PIN, and answer the verification question
How do I remove an account from Moneyline?
Follow these steps to remove an account from your JMMB Moneyline:
- Go to Moneyline from your web browser
- Log in using your username and password
- Navigate to “My Profile”
- Select “Account Preferences”
- Click on “Add/Remove Your Online Accounts”
- Uncheck the box next to the account(s) you want to remove
- Click “Continue” to proceed
- Check your email or SMS for a verification code
- Enter the verification code, your 4-digit PIN, and answer the verification question
I purchased shares in the TJH offer for sale through Moneyline, but the status only shows “approved.” I haven’t received a confirmation email. What should I do?
If your purchase status shows “approved,” this means your transaction has been processed successfully. However, for IPOs like TransJamaican Highway, shares are not allocated until the offer closes. You will receive confirmation of your allotment after the closing date, note that this may take up to 2 weeks.
What is the dividend mandate form, and is there a cost?
The dividend mandate form is required to receive dividends directly to your account from your shares. There is a cost of $230 JMD to complete this form. If you’ve just opened your JMMB Stock Brokerage or Equity Trading Account (EMMA), you can complete the dividend mandate form and submit it to info@jmmb.com to ensure your dividends are paid directly to your account.
Can I add joint holders to my JMMB Stock Brokerage or Equity Trading Account (EMMA) account after it’s opened?
No, joint holders must be added at the time of opening the EMMA account. If you need to add joint holders later, you will need to open a new EMMA account with the additional holders. You can then transfer shares from your existing account to the new joint account.
What if I’m not employed? Can I still open a JMMB Stock Brokerage or Equity Trading Account (EMMA)?
Yes, you can still open an EMMA even if you’re not employed. During the application process, you can select “Student” or “Unemployed” as your occupation. You will also need to indicate your source of funds, such as support from family or other means.
I received a prompt saying, “Please update your client information and complete this application after.” What does this mean, and what should I do next?
This prompt indicates that some of your client information may be incomplete or outdated in our system. To proceed, please log in to your JMMB account and update your personal details (e.g., contact information, address, or identification documents). Once updated, you can complete the application process.
I opened an JMMB Stock Brokerage or Equity Money Market Account (EMMA), but when I tried to register for Moneyline, it says my information is invalid. How can I resolve this?
This issue may occur if the information you entered during registration does not match the details we have on file. Ensure that your name, TRN, and other personal details are entered exactly as they appear in your JMMB account. If the problem persists, please contact our client care team for assistance.
I’m getting an error about a missing JCSD number. What is this, and how do I fix it?
The JCSD (Jamaica Central Securities Depository) number is a unique identifier required for trading on the Jamaica Stock Exchange. If you’re receiving this error, it means your JCSD number is not linked to your JMMB Stock Brokerage or Equity Trading Account (EMMA). JMMB creates JCSD accounts every half hour, so if you’ve just opened your JMMB Stock Brokerage or Equity Trading Account (EMMA), wait a short while and try again.
What if I’m having trouble with the facial recognition process during account opening?
If you’re having trouble with facial recognition, ensure you are in a well-lit area and remove any glasses or accessories that may obstruct your face.