Paytm Money / IPO: Retail investors are going to get another better facility. Now you can also invest in IPOs through Paytm Money. Paytm has given this information on Monday. Paytm Money is a subsidiary of Paytm. Paytm said that the move is aimed at helping retail investors in investment and through this, wealth creation opportunities. The company said in a statement that the process of IPO application for retail investors has been made completely digital and simple.
Also Read: Cash back up to Rs 500 on HP, Bharat Gas and Indane LPG cylinder booking
Paytm has said in the statement that through Paytm Money, investors will be able to apply for an IPO. They will be able to be a part of the growth story of rapidly expanding companies. The company said that we are continuously working to give more such facilities to retail investors. Our aim is that where investors get new facilities, they should have a better experience with us.
Aims to gain 8 to 10% stake
Paytm has said that the company aims to get 8 to 10 percent share in the IPO application market in the first year. The company said that Paytm Money will provide instant application facility to investors for all new IPOs through the UPI ID linked to their bank accounts. With this, the application process can be completed faster.
The company will also provide an ‘interface’ on its platform, through which changes can be made in IPO applications, can be canceled or applications can be renewed.
Big opportunity in IPO market
Paytm Money CEO Varun Sridhar said that the Indian start-up eco system is continuously entering the capital market. Now more and more companies want to raise money from investors through public listings. With this, investors now also want to diversify their portfolios. This is a big opportunity for all of us. He says that we are also going to bring facilities like IPO funding, derivatives trading, margin finance.
