Paytm Money, the wealth management arm of One97 Communications Ltd., will allow users to invest and participate in upcoming initial public offerings (IPOs) in India on its platform, it said on Sunday. Paytm Money will enable investors to instantly apply for the latest IPOs from their Unified Payments Interface ID-linked bank accounts and complete the application process in three-four days.The platform will also offer an interface to help users change, cancel or re apply the bids within the IPO window. It will also aim to introduce features that will allow investors to track upcoming IPOs, view company history, download the draft prospectus, and check the performance of past IPOs. This service will be available both on the Paytm Money app and the website.
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