Religare Broking Ltd. has introduced a new feature in the IPO Application process on their ‘Dynami’ platform.
The newly launched feature 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. Aditya Birla Sun Life AMC will be the first IPO for pre-application and will start from 27th September 2021.
As per SEBI regulations, the bidding for IPO shares at the 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
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 themmissing out on application processes. Introduction 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.”