Financial Technologies-linked company Paytm said on Monday that its wholly-owned company Paytm will provide Moneyors with the facility to invest in Indian public offers (IPOs). The statement issued by the company said that this move would make it easier for the retailers to capitalize on the opportunity to make money as they would be able to easily apply for IPOs of fast moving companies through Paytm Money. This statement states that the company has made the entire IPO application completely digital and seamless. This will allow retail investment to be easily applied to public offers and new advertisements can be advertised to improve the user experience.
The statement issued by the company said, “In the first year of the introduction of this service, the company has set a target of acquiring parts of 8-10 percent in the application market. ”
Paytm Money allows its operators to apply instantly for all the latest IPOs from the bank account through the UPI ID. This helps in completing the application process as soon as possible. This platform allows for the modification, cancellation and re-applying of the bids made under the IPO window.
Paytm Money CEO Varun Sridhar said, “The desire to enter the Indian market is capitalizing in the Indian startup ecosystem.” A large number of companies are now raising funds through public listings. Likewise, investors are also trying to broaden their portfolio. ”
He said that this has created a huge opportunity and the company is engaged in making offline more accessible to the people of its country.
An analysis of the data available on the stock exchange shows that companies have raised Rs 25,000 crore in 2020 through 12 initial public offers.
