Securities and Exchange Commission of Pakistan all set to initiate e-IPO – Alfalah Securities Limited

Karachi, June 25, 2012 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) would introduce the concept of e-IPO (internet based Initial Public Offering) of shares and corporate bonds being issued by companies, which would facilitate investors by enabling them to fill applications online for subscription of shares and corporate bonds through their personal computers.

According to Alfalah Securities Limited, the initiative being taken by SECP would rule out the hassle for investors as they had to visit banks and wait in long queues in order to submit the share application. It would also enable companies to raise funds easily from the general public through capital markets.

SECP further notified that the existing practice of filling subscription forms manually would run parallel with the new e-IPO facility till the investors are completely familiar with the new mechanism. The initiative being taken by SECP would improve the efficiency of the system and would enable companies to raise funds easily without incurring greater cost of printing subscription forms.

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