PSX digitises IPO subscription process through E-IPO facility

Published On: October 01, 2023

In its ongoing path towards digitisation and provisioning of electronic facilities for its stakeholders and market participants, Pakistan Stock Exchange (PSX) has digitised the shares subscription process. In other words, PSX has enabled electronic filing of shares applications in an IPO. This is called the E-IPO or Electronic Initial Public Offering facility. ​

The E-IPO system from PSX significantly transforms the process of shares subscription in an IPO. It brings the IPO process on an electronic platform thereby significantly easing the way investors can subscribe to shares in an IPO. It confirms with international standards and enables the ordinary investor to invest in an IPO through the digital platform.

The E-IPO system is an automated system connecting investors, share registrars with brokers/ TREC Holders and banks through payment gateways like 1-Link and the shares custodial company, CDC. Through the E-IPO facility, payments against shares subscription can be made in real time through all commercial banks operating in Pakistan.

With the E-IPO facility, PSX has proven that it is determined to take the lead and bring the capital market in line with global trends & international standards by connecting investors, share registrars, brokers, banks, gateway firms and the shares custodians, CDC, in providing a fast, efficient, and conducive experience for all participants of the IPO process.

Disclaimer:

The contents of this article/ blog comprising of information pertaining to financial products, including but not limited to securities, derivatives products, listed companies or companies proposed to be listed on PSX and any content of third parties are strictly of a general nature and are provided for informative and educational purposes only. Such content/ information is not intended to provide trading or investment advice of any form or kind and shall not under any circumstances be construed as providing any recommendation, opinion or indication by PSX as to the merits of the said product, security or company and also not be interpreted as comprehensive and interpretive of all applicable regulatory provisions