Frequently asked questions (FAQs)

What is e-IPO (eIPO)?

To facilitate the public by providing efficient, easy and hassle free mechanism for making applications for subscription of securities of companies offered for sale through Initial Public Offerings (IPOs), the Central Depository Company of Pakistan Limited (CDC) has developed an eIPO System through which applications for subscription of listed securities of companies offered through IPOs can be made.

Who can apply through eIPO?

For making subscription application through the eIPO portal, an investor must fulfill the following:

  • They should register themselves on the eIPO portal.
  • Must be a Pakistani individual (both Resident and Non-Resident).
  • Possess a CDS account (Investor or Sub Account).
  • Must have a valid CNIC as appearing in the CDS account.
  • Should have an active email address.
  • Must be having a bank account with any Scheduled Bank in Pakistan.
  • An application should be made in individual capacity and not in joint status.

What are the benefits of electronic IPO?

  • WEB based portal 24/7 Availability of system for subscription of IPO.
  • Instant handling of IPO through automated system.
  • No paper work involved.
  • Invest at your convenience.
  • Track your order status.
  • Modify your bids online.

What is IBAN?

The International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of transactions.

How can I contact CDC in case of any help related to eIPO?

How will refunds be provided to unsuccessful participants?

The Investor will provide bank account details for refund of the application money in case the application is declared unsuccessful or unaccepted. Hence the payment would be made by directly crediting the account as per provided details.

Which fields are mandatory to be filled by the Investor?

Fields marked with “*” are mandatory fields for application submission.

How will the Search button provided in Account Details panel work?

The Mode of Issuance field in “Account Details Panel” has four options; if the applicant has Sub Account or House Account, then applicant will select “CDC Participant Account” radio button. If the applicant has IAS Account, then applicant will select “CDC Investor Account” radio button. The applicant will enter Participant ID, select Account Type, enter CDC Account Number and click on “Search” button. The form is designed so that information will be automatically displayed in the “Applicant’s Details Panel” if the above mentioned parameters and applicant’s CNIC exist in CDC’s system.

How will securities be issued to the Investors?

Securities to the successful investors will be issued in book entry form.

What will happen upon completion of subscription application at eIPO portal?

A Transaction ID will be generated by the eIPO portal which will be sent to investor via e-mail and/or SMS on the details provided at the time of Registration.

How will Investor make payment for the subscription made?

Payment can be made against the generated Transaction ID through available banking channels (Online Banking Portal, ATM, Mobile app and etc.) of 1Link’s member banks available for CES, list of which is available in “How to Invest?” section.

Why do Investors invest in IPOs?

All investors have different strategies and we do not make any investment recommendations. However, an IPO is an opportunity to make a ground floor investment at the initial public price which is attractive to investors if they like the long term prospects of the company and think the share price will rise in future.

How much does subscription for an IPO cost?

All an Investor has to pay for is the share price of the IPO. There is a commission built into the share price which is paid by the issuer.

What type of instruments are currently offered through the eIPO portal?

Only subscription of Ordinary shares is currently being offered through the eIPO portal.

Where can I check allotment of shares?

You can check the allotment of shares in your CDC account after the date of allotment has passed.