Why doesn't SAS Online offer IPO services?

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Online discount brokers like SAS Online operate on a low margin business model wherein they run their operation on minimum infrastructure and manpower. To offer an IPO, a broker needs to get a license by paying a fee. There's also additional manpower required in running the process. Brokers get a small commission on IPO applications submitted with them. This makes it infeasible for them to offer IPO services.

Not only SAS Online, many other online brokers like Fyers, Zerodha, and Upstox etc., don't offer IPO services.


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