With the launch of the centralized e-IPO system, upcoming initial public offerings could be available for subscription using this system. The e-IPO system launched a week ago would help increase the outreach of IPOs, promote the culture of keeping securities in book-entry form and will make the IPO process more user-friendly and efficient. E-dividend concept would remove the inefficiencies relating to the payment of dividend through dividend warrants.
This e-IPO system was launched with the approval of the State Bank of Pakistan (SBP) and the Securities Exchange Commission Pakistan (SECP). The upcoming IPO of Ittefaq Industries scheduled for May 23 and 24, will be available for subscription through the e-IPO system which can be accessed by the public through either mobile banking or the internet
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