Financial technology company Paytm said on Monday that its wholly-owned company, Paytm, will provide money to investors to invest in an initial public offer (IPO). The statement issued by the company said that this move will make it easier for retail investors to capitalize on the opportunities to make money, as they will be able to apply for IPOs of fast-moving companies through Paytm Money. This statement said that the company has made the process of IPO application completely digital and seamless. This will allow retail investors to easily apply for public offers and add new features to improve the consumer experience.
The statement issued by the company said, "In the year before the launch of this service, the company has set a target of 8-10% participation in the application market." The link allows you to apply instantly for all the latest IPOs through the UPI ID. This helps in completing the application process at the earliest. This platform allows change, cancelling and reapplying of the bidding made under the IPO window.
Varun Sridhar, CEO of Paytm Money, said, "The desire to enter the capital market in the Indian startup ecosystem is growing. More number of companies are now raising funds through public listings. Similarly, investors are also making efforts to broaden their portfolio. "This has created a huge opportunity and the company is making the process more accessible to the citizens of our country," he said.
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