This facility is provided to assist retail and corporate investors, who get offers to purchase new securities issued by listed companies.
Eligibility – Individual and Company (Allocated IPO by MITI or Investment Bank)
Minimum Facility – 20,000
Margin of Financing- 60% of IPO Price or Subscription Amount
Tenure – 2 Months from disbursement date
Repayment – Bullet payment from the sales proceed of IPO shares