CDC awarded IPO Market Innovation Award – 2016/2017
CDC has always been prompt to adopt new approaches and mechanisms for growth and development of Pakistan Capital Market. To achieve a similar purpose, CDC had launched its Centralized eIPO System (CES) in the beginning of 2017, to bring greater efficiency in the IPO application process and ease for the Capital Market investors. In recognition of its effort to develop and implement an electronic IPO system, CDC was awarded the IPO Market Innovation Award-2016/2017 at SAFE PSX Pakistan IPO SUMMIT 2017, held in Lahore in October 2017.
Through CES, applications for subscription of shares offered to general public can be made electronically and payments can be made by Internet/Mobile banking, ATMs etc., avoiding the hassle of physical submission of IPO application and visiting the bank.
CDC has introduced this system with an aim to help increase the outreach of IPOs, promote the culture of keeping securities in book-entry form and make the IPO process more user-friendly and efficient.
Investors can register themselves on eIPO portal (www.cdceipo.com) free of cost and get alerts of upcoming IPOs through SMS and e-mail. The portal is available 24/7 for registration.