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A record 7.66 million initial public offering (IPO) mandates were created through the unified payments interface (UPI) in July amid strong retail investor interest in the primary market, according to data released by the National Payments Corporation of India (NPCI), the umbrella entity for retail payments in India.
The figure for July was almost 4 times higher than that of June, when 1.94 million mandate creation requests were made through UPI.
July proved a blockbuster month for IPOs with the likes of Zomato tapping the capital market. The company’s IPO garnered 3.2 million retail applications, the bulk of
The figure for July was almost 4 times higher than that of June, when 1.94 million mandate creation requests were made through UPI.
July proved a blockbuster month for IPOs with the likes of Zomato tapping the capital market. The company’s IPO garnered 3.2 million retail applications, the bulk of
