This product is a Loan Facility offered for applying in Primary Market Issues (IPOs
and FPOs).With this product Investors can apply for IPOs by investing only Margin
amount (specified for each IPO separately).The facility is available for HNI as
well as Retail clients. This facility helps in increasing chances of allotment and
allotment size.
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Product
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IPO Financing ( Relaunching Shortly)
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Security cover
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Case to case basis
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Tenure
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Actual days for repayment of Loan from date of application
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Interest Rate
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Flat amount for the IPO or <=2% pm
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Loan amount
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Minimum Rs. 1 Lac
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Documentation and other charges
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As applicable
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* Conditions apply. Loan sanctioned and disbursed at lender's discretion.