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Electronic Initial public offering (e-IPO)

Meezan Bank is the first Islamic Bank to offer e-IPO facility to its customers in collaboration with Central Depository Company (CDC) and Pakistan Stock Exchange Limited (PSX). The account holders of Meezan Bank having CDC account (Sub-account or IAS account) can subscribe to Public Offering of Shares through www.cdceipo.com & PSX’s Electronic Initial Public Offering System (PES) https://eipo.psx.com.pk/EIPO/home/index and make payment through Bank’s Alternate Distribution Channels including ATM, Internet banking and Mobile banking application.

How to register for e-IPO?

To register, potential investors are requested to visit the eIPO portal www.cdceipo.com & https://eipo.psx.com.pk/EIPO/home/index and follow the steps mentioned in “Why Invest” section of the CDC Portal and the “ Home Page” of the PSX Portal available 24/7.

  • For registration, investors and Meezan Bank account holders must have valid Computerized National identity Card (CNIC) as appearing in CDS.
  • Only Pakistani Individuals (both Resident and Non-Resident) as well as Meezan Roshan Digital Account-MRDA customers are allowed to register through the eIPO portal.
  • Valid email address and mobile number of the Investor is required for account activation.

Subscription:

  • Registered Investors will be able to subscribe to available IPOs offered through the e-IPO portal 24 hours a day during subscription days.
  • Investors are not allowed to submit subscription application with any Joint holder.
  • The applicants will provide CDS Account Number (Investor Account or Sub-Account) which will be verified on real time basis.
  • A Transaction ID will be generated by the eIPO portal and sent to the investor via e-mail and SMS upon successful submission of subscription application for making payment.

Payment

Payment can be made against Transaction ID on following channels.

  • Internet banking
  • Meezan Mobile Banking Application
  • ATM

Benefits for Meezan Bank account holders

  • Physical Application of IPO subscription will not be required
  • User-friendly, hassle-free and efficient process
  • Auto credit of share and refund (if any) in the respective account of the investor
  • Subscription application can be tracked at every level (subscription, payment, balloting, allotment)
  • Registered users will get alerts for upcoming IPOs
  • The service is free of cost for investor

Note: Once successful and unsuccessful applications are determined, the amount of un-successful applications will be refunded in the investor’s respective account.