If you’re interested in investing in Initial Public Offerings (IPOs) through the Dubai Financial Market (DFM), follow these easy steps:
Step 1: Request a NIN (National Investor Number)
Before subscribing, you need a National Investor Number (NIN). If you don’t have one, you can easily obtain it using the DFM app. Here’s what you need:
- Valid Emirates ID
- Bank account statement or an iVestor card (you can apply for this while requesting a NIN)
The process takes just a few minutes, and you’ll receive your NIN instantly via SMS. If you already have a NIN, skip this step.
Step 2: Start Subscribing to IPOs
Once you have your NIN, you can subscribe to IPOs using the DFM app or their IPO subscription platform. Here’s how:
- Choose an IPO from the upcoming list.
- Select your account using your NIN.
- Confirm your account details.
- Choose the tranche you want to subscribe to and select the amount to invest.
- Pick your payment method (iVestor card or online banking).
- Review and confirm your subscription.
iOS app: https://apps.apple.com/ae/app/dfm-dubai-financial-market/id997641752
Google Play Store: https://play.google.com/store/apps/details?id=com.DFM
Step 3: Monitor Your Subscription
After subscribing, you can track your investment within the DFM app or platform.
How to check IPO allotment status
- Visit the Issuing Company’s Website: IPO allotment information is typically posted on the website of the company or bank managing the IPO. They may have a dedicated section or a link to check the status of your application.
- Use the Registrar’s Website: Some IPOs in the UAE are handled by financial registrars like Al Maryah Community Bank or other specific entities. You can visit the registrar’s website, where you may need to enter details such as your application number or Emirates ID to check the status.
- Check via the Bank or Broker: If you applied through your bank or stockbroker, they usually offer a way to check the allotment status through their online portal, app, or by contacting customer service.
- Dubai Financial Market (DFM) or Abu Dhabi Securities Exchange (ADX): For companies listed on these exchanges, you can also check the status through their platforms, if provided.
- Email or SMS Notification: Some IPO processes may also notify applicants of their allotment status via email or SMS after the finalization.
Ensure you have relevant details like your Emirates ID, application number, and investor number when checking the allotment.
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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.