Religare Broking Ltd. introduces new features for IPO application
- IPO Application can also be pre-booked before issue opening on Religare Broking’s – Dynami platform
- IPO Applications on Religare Broking platform can be availed anytime 24X7
Mumbai: 28th September, 2021: Religare Broking Ltd., a leading financial services firm has introduced a new fea ture in the IPO Application process on their ‘Dynami’ platform. Highly convenient and easy for investors, the fea ture allows investors to apply and submit their application before the issue opens and at any time, 24×7 during the IPO period.
The option to pre-apply on upcoming IPOs shall be available 2-3 days before the start date of the public issue. Adi tya Birla Sun Life AMC will be the first IPO for pre-application and will start from 27th September 2021. The appl ication gets saved in the server and are pushed on the day of the IPO for bidding. Customers will also rece ive notifications once the bids are placed on the exchange. Applying 24X7 during IPO session is designed for inve stors who wish to apply either pre or post market hours. As per SEBI regulations, the bidding for IPO shares at th e stock exchange is open from 10 AM to 5 PM when the IPO is open for the public. Thus, the new features are launched to encourage the participation of retail investors at their own convenience.
Currently the users of Dynami platform have access to place the BID, but soon the same will be made avail able to other customers who do not hold a trading account with Religare Broking Ltd. Both the newly designed feat ures are available on Mobile App – Dynami with no additional charges.
Announcing the latest features of Dynami platform, Gurpreet Sidana, Chief Operating Officer Religare Broking Ltd. said, “The surge in retail investors interest to participate in markets is witnessing new benchmarks. Investor schedules, busy work life, and sometimes paucity of period leads them missing out on application processes. Intr o duction of Religare Broking’s new IPO application feature gives an upper edge to investors to gain momentum of the economy with ease of access anytime.”
About Religare Broking Ltd. (RBL):
Religare Broking Ltd. (RBL) is one of the market’s leading securities firms in India serving over 10 lakh clients acr oss both Online and Offline platforms. With an extensive footprint that extends all over the country; Religare Broking offers services in Equity, Currency, Commodity, Mutual Funds, Insurance, NPS, and Depository services. The mobile trading application Religare Dynami, is one of the most advanced mobile trading applications in the market today, with guest login facility for new investors. The company has also been certified as the Great Place to Work Organization recently which in itself is an evidence of the great work place and culture of the organ izat ion. A member of the NSE/BSE and a depository participant with NSDL and CDSL, Religare Broking also offers TIN facilitation & PAN facility at selected branches – a unique service to help an individual with PAN, TAN and TDS/TCS return related requirements.
