Paytm money inaugurated a service to pre-book IPO allotments, starts with Zomato

Paytm  IPO

Paytm IPO

Paytm money inaugurated a service to pre-book IPO  allotments. Online paytm money brokerage started a new service through which retail service investors can book IPO allotments before the Market hours. The move come for to forward with  several high profile corporations and startups  such as life insurance corporation of India, paytm, policy bazaar, zomato, life insurance corporation of India, Nikaal and care health etc. According to media reports, in the issue of opening on BSE and NSE, retail investors will be able to request for shares allotment. At present, it is possible to apply for allotment of shares when the shares are available. The economic times chief executive, varun sridhar says that we found that there is a lot of rush on future IPO allotments, we found that when we spoke to customers. As well as we want to create a service to take away the fear and confusion of offers on purchase on the day of the IPO, he said. Paytm money said that it is the first time initiative in India in which investors can make pre-plan purchases by the service of Pre Booking. This service will allow  customers to make a purchase request for shares to the brokerage. During the service, whoever receives the allotment, they have to clear the payment within 24 hours. 

 

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