IIFL Securities Limited (Formerly India Infoline Limited) launched ‘OneUp’, India’s first primary markets investment platform. Through this platform, investment can be made in initial public offerings (IPOs), non-convertible debentures (NCDs) and sovereign gold bonds (SGBs), among others. On the OneUp platform, the IPO applications are accepted 24×7 and up to three days before the IPO bidding opens.
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Key points:
- It enables buyers to analyze, transact and handle new investment alternatives, all on one single platform. Another unique feature of the platform is that it allows investors to place bids for others as well, be it, friends or family members.
- India Infrastructure Finance Company Ltd (IIFCL) has raised Rs 1,500 crore in debt to promote long-term infrastructure finance in India. It raised the funds through private placement of Non-Convertible Debt Securities for Rs 500 crore and it has a greenshoe option of Rs 1,000 crore. The issue was oversubscribed 6 times.
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