 "Paytm")
Ahead of the LIC IPO, Paytm Money Limited (PML)said it will enable high networth individuals (HNIs) to place higher bids of upto Rs 5 lakh for initial public offerings (IPOs) through UPI. The company said it is also offering free demat accounts for lifetime to all.
The launch of HNI investment service is in line with a Securities and Exchange Board of India (Sebi) circular dated April 5, 2022, which mandated higher investments of upto Rs 5 lakh through NPCI UPI as against the previous limit of Rs 2 lakh per user. This change comes into effect for all IPOs
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