Paytm Money launches new feature for IPO investments in India
Date: 2020-12-01   Author: Saipriya Iyer  Category: #news

Paytm Money launches new feature for IPO investments in India

Paytm Money, an Indian e-Commerce payment system, has reportedly forayed into the broking sector through the launch of IPO investments on its platform. Under the latest feature, the retail investors will be able to apply for investments in IPOs (Initial Public Offers) in India.

For an instant IPO application, investors can use their UPI IDs on their Paytm Money app to make investments. The company has reportedly cited that it is leveraging the UPI infrastructure to ensure a rapid turnaround time of 3-4 days for completing the entire process. The new features provide a host of services to the investors such as cancellations, making changes, or reapplying the bidding application with their IPO window. Additionally, investors will be able to monitor the upcoming IPOs, gain access to the prospectus, and check the past IPO performances on the platform.

According to Paytm Money’s CEO, Varun Sridhar, the startup ecosystem in India has been rapidly advancing to enter the capital market, with more companies attempting to raise capital from a wide range of investors with a public listing. At the same time, investors are increasingly focusing on diversifying their portfolio. The company aims to leverage these opportunities and make the process highly accessible to fellow citizens. Moreover, it is planning to launch IPO funding, margin finance, derivatives trading, and other value-adding features to ensure convenient and seamless investment, which aligns with its mission to boost financial inclusion in the country.

In the stock broking industry, Paytm Money has been facing immense competition from rivals such as INDMoney, Zerodha, Groww, and others. The company targets to garner a market share of 8-10% within the 1st year of launching the IPO investments. 
In January 2020, Paytm gained the stock broking approval from SEBI and subsequently launched a stock broking feature in July 2020.

Source credit:

About Author

Saipriya Iyer

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

Read More

More from Saipriya

Post Recommendents

Coconut Milk Market Report, Growth Forecast, Industry statistics till 2026
Author: Rahul Varpe

DEC Research declares the publication of its latest research report, with the title ‘Global Coconut Milk Market’. This report sheds light on the analysis of the industry challenges, growth opportunities, industry ...

Breakfast Cereals Market Set for Rapid Growth and Trend, by 2026
Author: Rahul Varpe

DEC Research has published its most recent report with the title ‘Global Breakfast Cereals Market In-depth Research on Industry Size, Trends, and Emerging Growth Factors to 2026’. The report basically contains an ...

Beverage Processing Equipment Market with Segmentation, Statistical Forecast and Competitive Analysis – 2026
Author: Rahul Varpe

DEC Research has recently added a detailed research report on the Beverage Processing Equipment Market by means of Industry Strategies, Evolving Technology, Growth rate, Business Competitors, Key Companies and Forecast to 202...