Electronic Initial Public Offering

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.