Investments
New IPO portal will simplify application process, says trading platform FYERS
Bengaluru/IBNS: Investment & trading platform FYERS has launched an Initial Public Offers (IPOs) portal where customers can apply for IPOs directly.
According to reports, around 30 IPOs worth over Rs 30,000 crore are lined up for 2021.
FYERS’ feature allows customers to apply for IPOs and FPOs (Follow-on Public Offerings) in companies that are listed on NSE & BSE using their UPI id.
Customers with UPI id can place a bid, enter the lot size and submit the applications on the portal.
Also, clients can apply for any IPO through FYERS whereas, in Netbanking ASBA, clients have to apply through SCSBs only, the company said in a release.
Said Tejas Khoday, CEO and Co-Founder, FYERS, said, “We’ve simplified investing in IPOs to enable young investors to participate easily and without hassles.”
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