Paytm Money to facilitate investments in IPO, aims for 8-10% applications market share

Fintech major Paytm on Monday said its wholly-owned subsidiary Paytm Money will now facilitate investments in Initial Public Offers (IPOs).

The move is aimed at benefiting retail investors with wealth creation opportunities, as they will be able to seamlessly apply and join the growth story of rapidly expanding companies, a statement said.

The company has made the process of IPO application completely digital and simple for retail investors to apply for public offers, and will continue to add new tech-savvy features for enhanced user experience, it added.

The company is aiming to capture “8 to 10 per cent of applications market share in the first year of launch”, the statement said.