CDC awarded IPO Market Innovation Award for second consecutive year
In recognition of its efforts to address the issue of low investor participation in IPOs in Pakistan, CDC has been recently awarded, for the second time, the IPO Market Innovation Award 2017-2018 at SAFE-PSX Pakistan IPO SUMMIT 2018, held in Lahore. Mr. Aftab Ahmed Diwan, CEO-CDC received this award from Governor Punjab, Mr. Muhammad Sarwar.
CDC understands the needs of Pakistan Capital Market investors and has always been committed to adopt new approaches and mechanisms for their growth and convenience. In line to this commitment, CDC is working towards the launch of IPO Facilitation Account (IFA) which will cater to the needs of those investors who do not apply in any IPOs due to the hassle of opening CDS account while it is not certain if their application will be declared successful in the balloting results.
This will also facilitate those investors who end up subscribing shares in physical form. With the introduction of IFA, investors will be able to easily participate in IPOs and can open CDS account only when their application is declared successful.