Geojit Monetary Companies Restricted, an funding providers firms in India, introduced on Wednesday that it has rolled out a facility for buyers to put money into preliminary public choices (IPOs) by way of WhatsApp.
Geojit gives end-to-end help on WhatsApp to simplify the method of making use of for IPOs for its prospects. The important thing function of the service is an embedded possibility known as e-IPO which permits buyers to navigate the IPO utility course of with ease and comfort. To be exact, Geojit’s prospects can subscribe to any IPO by way of WhatsApp chat window with out the necessity to open or log in to another app, through the utility course of, the agency mentioned.
Developed by Geojit Applied sciences, the WhatsApp channel gives handy inventory buying and selling and mutual funds funding expertise with user-friendly options, beneficial market insights and strong security framework.
Jayadev M. Vasantham, Chief Digital Officer of Geojit, mentioned, “The launch of IPO service is part of our continued efforts to supply excellent digitally-enabled funding amenities to our prospects. Our WhatsApp-integrated IPO service brings the IPO utility course of to the fingertips of our prospects, gives wonderful accessibility and digital funding expertise to all buyers. As well as, the IPO utility may be accomplished in a couple of minutes with out leaving WhatsApp chat window.”
All prospects having a legitimate UPI (Unified Funds Interface) ID and utilizing any of the usual UPI-enabled cell utility could make use of this service.
The WhatsApp-based service is anticipated to behave as an excellent IPO-investment enabler for Geojit prospects at a time when India’s IPO market has been on a roll with an increasing number of firms hitting the first market to boost capital. The IPOs frenzy of 2021 is anticipated to proceed in 2022 as properly, with the big-ticket LIC share gross sales anticipated to push the general mop-up from the first market, as per the press launch.
Supply: Live Mint