CDC receives IPO Market Innovation Award 2017-2018 for the second year in a row
In recognition of its efforts to facilitate investors and address the issue of low 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 growth and convenience of investors. In line with a similar vision, CDC is working towards the launch of IPO Facilitation Account (IFA) which will cater to the need of those investors who do not apply in any IPOs to avoid the hassle of opening CDS account when 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 now be able to easily participate in IPOs and can open CDS account only when their application is declared successful.