Paytm Money to commence facilitating investments in the initial public offerings (IPO) in India. The company has made the process of IPO application digital and simple for retail investors. This enables investors to apply for all the latest IPOs via UPI ID, linked to their bank accounts to complete the IPO application process.
The platform offers a user-friendly interface that allows to changes in, cancel, or reapply for the bid application within the IPO window. Moreover, this enables investors to track upcoming IPOs, view the company history and details, and also check the performance of past IPOs. This service is available on both the Paytm Money app and website.
Varun Sridhar, CEO, Paytm Money said, “The Indian Start-up ecosystem has a growing appetite to enter the capital market, now more companies want to raise capital from a broader set of investors with a public listing. Likewise, investors are also increasingly willing to diversify their portfolios. This presents a big opportunity and we intend to make the process more accessible to our fellow citizens. In the near future, derivatives trading, margin finance, and a host of other value-adding features to make investing seamless and convenient. This is aligned with our mission to drive financial inclusion across the country.”