5paisa Capital became India’s first listed fintech company which provides financial services only digitally without human intervention. The listing completes the demerger of the firm from its parent IIFL Holdings.
The 5paisa Capital stock was locked at 5% lower circuit immediately after opening as no buyers were available but what stood out was the major difference in its share prices on BSE and NSE
Stockbrokers such as 5paisa, Zerodha, Master Trust, SMC Global Securities and Upstox have started offering algo trading software for retail investors
IIFL Holdings’ subsidiary 5paisa Capital listed on the bourses on Thursday as the first listed financial marketplace in India. But the price discovery process for the demerged business led to a huge difference in its listing price on BSE and NSE.