Get All Access for $5/mo

Paytm Money To Help Retail Investors Invest In IPO From Now Paytm Money is targeting 8-10 per cent of applications market share in the first year of launch

By Debarghya Sil

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Paytm

Homegrown digital transaction provider Paytm on Monday announced that its wholly-owned subsidiary Paytm Money now facilitates investments in initial public offerings (IPOs) in the country. The Vijay Shekhar Sharma-led company claims that this additional feature will benefit retail investors with wealth creation opportunities as they will seamlessly be able to seamlessly transact. The platform within the first year of launch is targeting 8 -10 per cent of applications market share.

The complete process of IPO application has been made online thus allowing retail investors to apply for IPO from the length and breadth of this vast country. The retail investors with the help of Paytm Money can now subscribe for IPOs through UPI that are linked to their respective bank accounts. The company targets to complete the entire process of subscribing for an IPO within 3-4 days.

Users on Paytm Money will have the prerogative power such as make changes and cancel or reapply the bidding application during the stipulated IPO window. Any user will be informed about the upcoming IPOs, check company history along with its details, past IPO performance and download its prospectus. An user can enjoy all these features either on Paytm Money app or on its website.

Commenting on the development, Varun Sridhar, chief operating officer of Paytm Money, said, "The Indian startup ecosystem has a growing appetite for entering 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 portfolio. This presents a big opportunity and we intend to make the process more accessible to our fellow citizens. In near future, we plan to launch IPO funding, 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."

With the launch of the service, Paytm Money will lock its horns with bootstrapped turned unicorn startup Zerodha.

Debarghya Sil

Entrepreneur Staff

Former Correspondent

Leadership

The 4 Pillars of Leadership Success

Being a good leader can feel like an abstract goal, but it doesn't have to be. Here are the four pillars that I believe are the foundation of effective, successful leadership.

News and Trends

EV Companies Should Invest Into Supply Chain: Bhavish Aggarwal

His comments came after Zerodha co-founder Nikhil Kamath took a light-hearted dig at Ather Energy's marketing strategy. Kamath appreciated Ather products for their quality but called out their inefficient marketing strategy.

Business News

How to Start Your Dream Business This Weekend, According to a Tech CEO Worth $36 Million

He started his now 14-year-old company in one weekend for $60 — it made $300,000 the first year, and $3 million the second.

Business News

How to Humanize AI Content: 3 Strategies for Authentic Engagement

Want to know why human-generated content gets 5.4 times more traffic than AI-generated material? Learn the game-changing strategies that can make your AI content feel more authentic and engaging.