 "Second phase of UPI mechanism for IPOs in place; Sebi provides banks list")
Retail investors bidding for shares in an IPO through intermediaries should make payments only through the UPI mechanism, according to the regulator.
The second phase of UPI as a payment mechanism commenced from July 1. In a circular on Friday, the watchdog provided a list of 45 banks through which retail investors can apply for IPO using UPI mechanism.
The second phase of UPI as a payment mechanism commenced from July 1. In a circular on Friday, the watchdog provided a list of 45 banks through which retail investors can apply for IPO using UPI mechanism.
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