IPO Subscription Services

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Introducing a simple and secure way to subscribe to IPOs

You can now seamlessly subscribe to the latest IPOs at your convenience without the need to visit a branch.

ADNOC

ADCB, as a Receiving Bank, presents you with an opportunity to subscribe to the ADNOC Drilling UAE Public Offering. ADNOC Drilling is the largest national drilling company in the Middle East by rig fleet size and the sole provider of drilling rigs to the ADNOC Group.


<img src=/en/multimedia/Images/2021/september/adnocdrilling_logo-ipo.png alt=ADNOC Drilling width=230px>
Tranches

First Tranche* Second Tranche** Third Tranche*
Tranche size 8% 90% 2%
Announcement of price range 13-Sep-21 13-Sep-21 13-Sep-21
Offering commencement 13-Sep-21 13-Sep-21 13-Sep-21
Closing of tranche 23-Sep-21 26-Sep-21 23-Sep-21
Announcement of final offer price 27-Sep-21 27-Sep-21 27-Sep-21
Subscription limits Min: AED 5,000 (AED 1,000 increments) Min: AED 1,000,000 Min: AED 5,000 (AED 1,000 increments)
No Maximum No Maximum No Maximum
Subscription period 13 to 23 Sep 2021 13 to 26 Sep 2021 13 to 23 Sep 2021
Tranche eligibility Individual Subscribers Qualified Institutional Subscribers For ADNOC Group employees and retired UAE National employees
Other Investors Qualified High Net Worth Individual Subscribers
Natural persons, companies and establishments who do not participate in Second Tranche
Eligibility criteria To hold a NIN with ADX Qualified Institutional Subscribers:
  • Total assets are valued at AED 75M
  • Generate net annual revenues of AED 150M
  • Have net worth or paid-up capital with a minimum of AED 7M
To hold a NIN with ADX
Qualified High Net Worth Individual Subscribers:
  • Have a net worth, excluding his or her principal residence, amounting to at least AED 4M
  • Have an annual income of not less than AED 1M

*Except for residents of the United States within the meaning of the US Securities Act 1933, as amended.

**Tranche 2 subscription is not available through Abu Dhabi Commercial Bank.

Who’s eligible to use the online services

To subscribe online, you must be an individual customer of ADCB above the age of 21. Other customers can visit the IPO participating branches to subscribe.

Inputs required for online subscription

  • ADCB Customer ID Number (CID)
  • Registered Mobile Number with ADCB
  • National Investor Number (NIN)
  • ADCB active Current Account/Savings Account with sufficient balance (AED)

Please note that the online subscription service is currently only available for Tranche 1 and 3
For support with subscribing to all other tranches, please visit the ADCB collecting branch near you, contact your Relationship Manager or call 600 50 2030.

General IPO Frequently Asked Questions
View the FAQs to find answers to commonly raised questions.

Ways to reach us

Contact centre

Contact centre

Call our 24-hour contact centre on 600 50 2030.

Visit us

Visit us

We will be happy to welcome you at any of our branches. Find the closest branch to you