Paytm money facilitates IPO investments in India

Digital economic services platform Paytm on Monday introduced that the organization’s absolutely owned subsidiary Paytm Money has began facilitating investments in Initial Public Offers (IPO) in India.

A declaration from the enterprise said that the release would be beneficial to retail traders with wealth introduction opportunities.

The IPO utility has been made absolutely digital to ensure easy usage for the retail investors in making use of for IPOs, with new functions to enhance person enjoy predicted to be delivered.

Unified Payments Interface (UPI) ID associated with respective bank money owed might be utilized by the investors to make payment for the IPO application method. With this enabled, the employer expects the convenience of usage of the UPI infrastructure might make the complete procedure whole in a time span of 3 to 4 days, the declaration said.

Changes to the bidding utility, cancelling or reapplying may also be achieved in the IPO window through the platform’s interface. Both Paytm Money software and website offers features to song upcoming IPOs, view agency history & details, download prospectus, and additionally check the overall performance of beyond IPOs, the statement introduced.