IPO FUNDING (RETAIL):
Through this product, the company provides funding facility for Primary market investment for retail category (IPO Financing).
IPO Financing acts as a support scheme to cash-in on the opportunities available in the primary market. This product offers an excellent opportunity to leverage Prospective Investors’ own funds in primary markets and thereby increase the allotment quantum manifold. We provide loans for subscription in the IPOs of equity / equity linked instruments. Investors have to invest only margin amount. KFSL financing the balance application amount at an agreed rate of interest and upon other mutually agreed terms and conditions. Our ‘exclusive’ IPO financing scheme provides a single window clearance for application, banking and follow up.
Benefits to the Investors:
- Take advantage of investment opportunity with small margin investment
- Pay interest only for the period of actual utilization of resources
- Increase your chances of allotment and allotment size
Eligibility:
Any client who can arrange for the margin money, can avail the facility.
Documentation:
A separate Demat and Bank A/c needs to be opened. All KYC related documents to be submitted along with Application Form
Additional Documents as may be case:
- Certified copies of last 2 years IT Returns
- Certified copy of Balance Sheet & Profit and Loss A/c or net worth certificate certified by C.A.
Margin & Interest for Application of minimum Rs.1 lac and above
Margin required for minimum Appl. Rs.1 lac : – Rs. 30,000/-
Interest chargeable : From 9% to 24% p.a. depending upon Customer Profile
Loan Tenure : Normally it will be ranging from 15 to 18 days
No guarantor required.
- Facility provided only for select IPO at the discretion powers of the Company Management.
- First right to accept or refuse request for funding at the discretion powers of Company Management.
- The present scheme/terms shall stand altered / modified / cancelled at any point of time at the discretion of the Management.
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