IPOs Now Live On Paytm Money3 min readReading Time: 3 minutes
New-age technological solutions have transformed wealth management into a simpler and intuitive exercise for both young and experienced investors. Also, it has given way to fully digital and automated operations in place of the erstwhile complex manual interventions.
At Paytm Money, this ideology inspires our actions and we keep putting technology to the best use to simplify wealth management and offer you better access to all the latest wealth management solutions round the clock.
Staying true to our promise of enabling wealth creation opportunities for millions of Indians and considering the immense demand for Initial Public Offerings (IPOs) in the country, we decided to launch the IPO feature on our platform.
With this addition, our family of over 7 million users can conveniently access IPOs of leading brands in the fully digital and secure ecosystem of Paytm Money. As the key benefit, you can apply for all the latest IPOs via UPI ID which is linked to your bank account within minutes.
This way you can avoid the inconvenience of mentioning your bank details and can complete the IPO application process in a hassle-free and less time-consuming manner. Additionally, you get to track the upcoming anticipated IPOs, view company history and details, download prospectus, and also analyze the performance of past IPOs on our platform.
Besides, if you want to make changes to your bids in the IPO application, all you need to do is cancel the application and reapply easily, within the IPO window.
Now you don’t need to wait for close to 10 working days from the issue closure to the listing date. The entire process gets completed within 3-4 days now. This has been possible via the UPI payment mechanism. Besides, there are close to 18 UPI apps live on IPO and 5 Sponsor banks live on IPO through which you can apply.
Along with all these value-added functionalities, you also get the flexibility to access IPOs via both the Paytm Money app and the Paytm Money website.
Based on this year’s IPO data, it can be conveniently said that India represents a huge appetite for Initial Public Offers (or IPOs). In the period March-November 2020, the country’s stock exchanges (both NSE and BSE combined) witnessed 12 IPOs and raised proceeds worth Rs.249.73 billion (or Rs 24,973 crores) in total.
Some of the successful IPOs of 2020 were SBI Cards, Mazagaon Dock, Rossari Biotech, Happiest Minds, and CAMS among others. Within these, Happiest Minds and Rossari Biotech were oversubscribed by 150.98x and 79.37x and have delivered a listing day return of 111% and 77% respectively as per NSE’s data.
If we look at filings with SEBI, it is expected that some of the leading brands may come up with their IPOs this financial year.
Thus, investing in IPOs makes sense for you on several counts. Apart from getting access to quality stocks at reasonable valuations, IPOs provide you with an opportunity to associate with marquee brands right from its development stage and build wealth alongside its growth trajectory via capital appreciation and probable dividend receipts in the future.
With IPOs, most companies have expansion plans, therefore as their business skyrockets, so do your investments. Instead of buying stocks after the company showcases its success story, you get to be a part of one, at an early stage.
In the near future, we plan to include IPO funding, derivatives trading, margin finance, and a host of other value-adding features on our platform to make investing simple and convenient for all users.
Here’s How You Can Apply For IPO on Paytm Money
1. Log In to Paytm Money, complete your KYC to create a Demat account with us.
2. Enter the lot size and bid amount for IPO.
3. Give your UPI Id and have the funds blocked for allotment.
There you go, in these three simple steps, you can apply for IPO, without issuing any physical cheques or filling forms.
Paytm Money has made the journey of investing in IPOs even simpler and more hassle-free. To start investing in IPOs, simply download the Paytm Money app today and become investment-ready in a few minutes.