How to Subscribe to IPOs

Understanding IPOs

An Initial Public Offering (IPO) is the process of issuing shares of a private company to the public.

A public share issuance allows a company to raise capital from investors, transitioning from a private to a public company. That’s why an IPO is also commonly known as “going public.”

After the IPO, the company remains publicly listed on the market and its shares are traded through the exchange.

Explore multiple ways to Subscribe to IPO

IPO subscriptions allow you to purchase soon-to-be-issued company shares at an attractive price prior to the issue date. Subscriptions are the first opportunity for non-private investors to buy company shares in the main market. Here you can learn how to take advantage of upcoming IPOs.

DFM Mobile App

Our mobile app will guide you step by step through the IPO subscription process.

Download via App Store

IPO Subscription Platform

You can subscribe online through our IPO Platform. Subscriptions are only available during designated subscription periods.

Go to IPO Platform

Receiving Banks

You also have the option to subscribe directly through a company’s receiving bank. The Prospectus of the issuing company will include a list of participating bank branches and available subscription methods.

An active DFM Investor Number (NIN) is required for all subscription methods. Get one in minutes through the DFM app. Get DFM Mobile App

Payment Methods

You can pay for IPO subscriptions through:

iVestor Card

Your card must be activated and contain sufficient funds.

Subscribe through UAE Payment Gateway

Subscribe online through the UAE Central Bank payment gateway by connecting your bank account.

Direct Transfer

Make a direct transfer to the specified bank account number.

IPO Subscription FAQs

: A fee of AED 2.00 per transfer is charged.

: Yes, through the Guardian or Legal Representative.

: Yes, you can. All DFM investor services can be accessed through a licensed Trading Member of DFM.

: Yes, you can through an official Power of Attorney (POA). If the POA is issued outside of the UAE, it must be certified by the UAE Embassy of that country or the UAE Ministry of Foreign Affairs.

: You can apply through the following channels:

DFM App(NIN is issued instantly)

eServices at www.dfm.ae (NIN is issued within 1 working day)

Dubai CSD Desk at DFM Trading Floor (NIN is issued instantly)

Licensed Brokerage Firms at DFM (NIN is issued within 1 working day)

There is no fee for obtaining a NIN.

: Call the Customer Services Affairs on +971 4 305 5555 from the mobile number you have registered with DFM (weekdays 8:00am – 4:00pm) to receive the DFM Investor Number (NIN) immediately over the phone.

Alternatively, investors can visit the Dubai CSD Desk at the DFM Trading Floor, Rashid Tower, World Trade Centre, Dubai (From 8am to 04:00pm), Monday to Friday.

Contact your broker

: No, it is not required. Your shares will be registered under your DFM Investor Number (NIN). However, to immediately trade with your allocated shares, you will need a registered account with a Trading Member. You can find the list of licensed DFM Trading Members at www.dfm.ae.

: If you subscribed in person at a branch, an SMS and email confirmation will be sent by the bank.
If you subscribed online through the DFM IPO Subscription Platform, we will send you an email confirmation.

: It will be refunded back to your iVestor Card.

: An identification number issued for the Investor by Dubai CSD at DFM. This is required for an Investor to hold shares that are traded on DFM, including subscribing to an IPO of a company that will list on DFM.

: This depends on your bank, as each bank has its own limit policy.

: Commercial Bank of Dubai (CBD)
Dubai Islamic Bank (DIB)
Emirates NBD
Emirates Islamic Bank
Abu Dhabi Islamic Bank (ADIB)
First Abu Dhabi Bank (FAB)
Mashreq Bank
Ajman Bank

Disclaimer: Neither DFM, the Founders, the Board, the Lead Receiving Bank nor the iVestor Card issuing bank shall in anyway be liable for the use of the electronic subscription facility by the Subscriber nor the debiting of the iVESTOR Card by the iVESTOR Card issuing bank, in respect of all and any losses or damages suffered, directly or indirectly as a result of the electronic subscription facility and/or the iVESTOR Card. This disclaimer appears on the DFM website at www.dfm.ae and shall be considered an integral part of this section.