Do I need a guarantor to avail IPO Funding?

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Are you a day trader?

No, an investor doesn't need a guarantor to get the IPO Funding.

Note: The person who is taking the loan has to provide a Power of Attorney (PoA) in favor of Bank/NBFC's to operate the applicant demat account. In case of a default, the lender may sell the holding to recover losses.

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