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New funding mechanism takes wing for HNIs bidding Rs 2-10 lakh in an IPO

Under the new mechanism, non-banking finance companies (NBFCs) are providing up to Rs 8 lakh on a margin amount of Rs 2 lakh for a flat fee of Rs 2,000, said industry sources.

Topics
IPOs | fundings | NBFCs

Sundar Sethuraman & Samie Modak  |  Mumbai 



IPO
Industry players said that the new funding mechanism is fairly new and it will gain popularity once the IPO market opens up fully.

A new funding mechanism for just-concluded (IPOs) has come to fruition. Under this structure, non-banking financial companies (NBFCs) will provide up to Rs 8 lakh on a Rs 2-lakh margin for a flat fee of Rs 2,000, inform industry sources.

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First Published: Tue, September 27 2022. 20:05 IST

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