The CEO and director of 5paisa.com believes that in the year 2017-18, Discount Broker 5paisa.com will be able to make more than 50000 clients.
Fearing demonetisation-like action from the government and faced with intermittent raids by the market regulator, several dabba traders have shifted to organised trading platforms across the commodity, equity and currency sectors. Major beneficiaries of this shift are discount brokers, whose transaction costs are much lower than those of full-service brokers.
The IIFL-backed 5paisa Capital Ltd, one of the leading online financial services provider, has said it is set to list shares on bourses in next 3-4 months. "We plan to become the first discount brokerage firm to be listed on Indian bourses. IIFL Holdings decided to hive off 5paisa.Com and has already approached exchanges to demerge 5paisa Capital and list it on the exchange after completing the formalities in the next 3-4 months period," 5paisa Capital CEO Prakarsh Gagdani told PTI here.
Though the market is fairly priced with a forward price-earning (PE) ratio at 17-18 times, uncertain times offers opportunity for investors to make good returns as there are stocks, which will be available at attractive valuations.
