ZAGREB, 15 Oct (Hina) - The Finance Ministry said that from Monday, 20 October, citizens and issuers will be able to use a new mobile app, M-Riznica, allowing simple and secure share subscriptions via mobile devices.

The ministry noted that it is continuing to develop the digital infrastructure of the capital market. After launching the E-Riznica online platform in June, which enabled private issuers to conduct initial public offerings (IPOs), it is now introducing the M-Riznica mobile app.

Developed by the Financial Agency (Fina), the app will be used for the first time on 20 October for the IPO of auto parts retailer Tokić. Up to 1.2 million Tokić shares will be offered for purchase at prices ranging from €20.20 to €25.60 per share until the end of October.

According to the ministry, the app allows easy and secure share subscriptions via mobile devices, automatically generating the necessary documentation and a HUB form with a 2D barcode.

With the launch of M-Riznica, citizens and private issuers will now have three connected digital channels for subscriptions -- Fina offices, the E-Riznica web platform and the new M-Riznica mobile app.