Mr. Arvind Pal |
 |
IPO (Initial Public Offer) investment is one of the most lucrative options available for investors. IPO Financing offers an excellent opportunity to leverage your own funds in primary market and thereby increase the quantum manifold. SMC Finance here gives option to the investors to get the requisite funds needed to subscribe to IPOs/FPOs and NCDs.
For IPO/NCD financing, investors just need to bring in the margin money and the rest amount will be funded by SMC Finance. This facilty provides the investor to apply for more shares despite the resource constraints.
*IPO = Initial public offer; FPO= Further public offer; OFS = Offer for sale; NCDs = Non-convertible debentures
What is IPO Financing?
IPO Financing is an investment tool that used to bridge the gap between required funds and the resources at hand at a pre-defined margin; the customer only requires to pay the margin amount and the balance will be funded by SMC Finance.
What is Margin Money?
Margin money is the minimum amount that customer has to deposit to avail the IPO Financing.
What is POA Bank Account?
It is a Bank Account to be opened with SMC Finance empanelled bank on which customer creates Power of Attorney in the favour of SMC Finance.
Can I/We open the POA Bank Account in any Bank?
No, the POA Bank Account should be opened only in the SMC Finance’s choice of Bank.
Can I/We operate the POA Bank Account?
No, you cannot operate this POA Bank Account as per your wish, since you have given the operational right to SMC Finance through POA. This Account is opened specifically for funding purpose only. You will not get cheque book, ATM/Debit Card and other facilities, neither you can withdraw the amount as provided in other normal Current Bank Account. However you will get Bank Statement periodically.
How Can I/We withdraw the amount then? Or repayment be made?
You can withdraw the fund from your POA Bank Account by giving a simple request to us to transfer the requisite amount. On receiving the request, we transfer the requested amount in your other Bank Account mapped with us.
How much time it takes to receive the amount so requested?
The maximum time it will take to transfer the requested money is by next working day from the date of receiving the request. Generally the request is processed within 24 hours of receiving.
I/We have a Demat Account. Can I/We avail the IPO Financing?
For availing IPO Financing, a new Demat Account with SMC Finance choice DP is a must. Even if you have Demat Account, a new funding Demat Account has to be opened.
IPO (Initial Public Offer) investment is one of the most lucrative options available for investors. IPO Financing offers an excellent opportunity to leverage your own funds in primary market and thereby increase the quantum manifold. SMC Finance here gives option to the investors to get the requisite funds needed to subscribe to IPOs/FPOs and NCDs.
For IPO/NCD financing, investors just need to bring in the margin money and the rest amount will be funded by SMC Finance. This facilty provides the investor to apply for more shares despite the resource constraints.
*IPO = Initial public offer; FPO= Further public offer; OFS = Offer for sale; NCDs = Non-convertible debentures
Mr. Arvind Pal |
|
What is IPO Financing?
IPO Financing is an investment tool that used to bridge the gap between required funds and the resources at hand at a pre-defined margin; the customer only requires to pay the margin amount and the balance will be funded by SMC Finance.
What is Margin Money?
Margin money is the minimum amount that customer has to deposit to avail the IPO Financing.
What is POA Bank Account?
It is a Bank Account to be opened with SMC Finance empanelled bank on which customer creates Power of Attorney in the favour of SMC Finance.
Can I/We open the POA Bank Account in any Bank?
No, the POA Bank Account should be opened only in the SMC Finance’s choice of Bank.
Can I/We operate the POA Bank Account?
No, you cannot operate this POA Bank Account as per your wish, since you have given the operational right to SMC Finance through POA. This Account is opened specifically for funding purpose only. You will not get cheque book, ATM/Debit Card and other facilities, neither you can withdraw the amount as provided in other normal Current Bank Account. However you will get Bank Statement periodically.
How Can I/We withdraw the amount then? Or repayment be made?
You can withdraw the fund from your POA Bank Account by giving a simple request to us to transfer the requisite amount. On receiving the request, we transfer the requested amount in your other Bank Account mapped with us.
How much time it takes to receive the amount so requested?
The maximum time it will take to transfer the requested money is by next working day from the date of receiving the request. Generally the request is processed within 24 hours of receiving.
I/We have a Demat Account. Can I/We avail the IPO Financing?
For availing IPO Financing, a new Demat Account with SMC Finance choice DP is a must. Even if you have Demat Account, a new funding Demat Account has to be opened.
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