New Delhi: The IPO Street has become very active in recent times. Taking advantage of excited investors in an unprecedented bull run, numerous companies are floating IPOs to mop up thousands of crores of rupees from the market with IPOs being oversubscribed in the retail segments as well as other investor categories.
This has given a lot of common investors to make listing gains and sell off. However, since there is a flurry of IPOs it is quite possible that a common investor would not have enough surplus in his/her pocket to apply for several public issues. Several banks and NBFCs offer loans for investors to apply for shares. Let’s have a look.
Aditya Birla Finance IPO Financing
The tenure is between 7 days and 10 days. The minimum loan amount is Rs 25 lakh and the margin of the loan varies between one case and another. Margin money refers to the amount of money an investor deposits with the financier to pay for the risk undertaken by the lending institution.
Kotak Mahindra Bank IPO financing
Kotak Mahindra Bank says it is easy to obtain financing for application in Initial Public Offerings using the bank’s mobile app. It says that one can obtain up to Rs 10 lakh instantly for such use.
Outlining the steps, the bank said one has to click on IPO Asba and then ‘Apply for IPO Funding (New)’ has to be selected. Next, one should click ‘Proceed’. Then one should select the IPO. Then one has to select the category of investor, type in the number of shares one wants to purchase and then click ‘Submit’. The next window would need the applicant to ‘Confirm’ the step. Once it is done one would be directed to the NSDL Page. The transaction would be authenticated by sending an OTP.
Bank of Baroda IPO financing
This PSU bank says that any adult who has an income, a savings account or a current account and a demat account can be a borrower under this category of loan. There are lending institutions that are catering to this demand. One should consult a financial advisor before taking a final decision.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
There is a flurry of IPOs in the market and the bull market has made it possible for a large number of people to make brisk listing gains. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
