Users of Paytm Money will be able to put bids before the offer is accessible to the general public. The Zomato IPO is the first public offering to use Paytm Money’s new functionality.
The subscription period for Zomato’s initial public offering (IPO) begins today, July 14. The food-tech unicorn intends to collect Rs 9,375 crore in its first public offering (IPO) at a price range of Rs 72–Rs 76.
The offering would include Rs 9,000 crore in new equity and a Rs 375 crore offer for sale (OFS) from the company’s promoter, Info Edge. A total of 6.5 million shares have been put aside for the company’s employees.
Investors can bid for as little as 195 equity shares and as many as 195 equity shares after that. Retail investors can apply for a minimum of Rs 14,820 worth of shares and a maximum of Rs 1,92,660 worth of shares at the higher price band of Rs 76 per equity share based on this lot size.
Brokerages like Zerodha, Upstox, and Paytm Money may be utilized to participate in what has been dubbed one of D-greatest Street’s problems. Check out the following information:
How to invest in the Zomato IPO using Zerodha’s Kite app:
Pick Zomato IPO from the console after logging in to the mobile app; enter your UPI ID from the BHIM app; select investor type for your application and enter the lot size; To increase your chances of receiving shares, check the box next to the cut-off price; confirm and submit. Accept the mandate request on your BHIM UPI app to proceed with the IPO.
The following are the steps to investing in an IPO with Upstox:
Log up with your credentials to the Upstox app or website; pick Zomato IPO and make an IPO application; place up to three bids within the price range; Accept the UPI requirement and block money on your mobile UPI app when you validate your application.
Paytm Money may also be used to participate in the IPO. Users will be able to put bids even before the issue is accessible to the general public, according to the digital brokerage business. The Zomato IPO is the first public offering to use Paytm Money’s new functionality.
Applying for a pre-IPO is comparable to applying for other trading platforms. Simply enter your investor information, lot size, and accept the mandate on the BHIM app.