Paytm IPO opens: One 97 Communications’ Paytm will open is initial public offering (IPO) today to raise Rs 18,300 crore. The tech company has set the price band of its shares at Rs 2,080-2,150 per share. The IPO will be open will November 10. Also Read - Ola reportedly looking to launch IPO early next year: Details here
Here’s how you can app for Paytm IPO via Paytm Money, partner bank apps, and finance applications like Zerodha’s Kite and more. application, which is meant for trading stocks and commodities. Also Read - How to buy Paytm shares: Popular platforms to open demat account
How to apply via Zerodha’s Kite
Step 1: Login with credentials and select the IPO from the list showed on screen. Also Read - Dhanteras 2021: Buy digital gold with these 4 apps
Step 2: Enter UPI ID connected to bank account from the BHIM app.
Step 3: Then select investor type for your application.
Step 4: Enter the lot size
Step 5: Select cut off price for more chances of allotment of shares. The option enables investor’s willingness to subscribe to shares at any price.
Step 6: Click on the check box to confirm and submit.
Step 7: You will need to accept the mandate request for proceeding with IPO on BHIM UPI app.
Step 8: Once the mandate is accepted, the amount of funds for IPO will be blocked till the allotment.
How to apply for IPO via Paytm Money
Step 1: Log in to Paytm Money app. It is available for download on both Google Play store and Apple App store.
Step 2: Click on the IPO section shown on the home screen.
Step 3: Apply for the IPO
Step 4: Add bidding details such as quantity, amount, and more.
Step 5: Lastly, enter UPI ID to make payment.
How to apply for Paytm IPO via your bank site
It should be noted that for the bank sites, the option generally opens between 5 am and 11 am
Step 1: Log in to net banking account.
Step 2: Head to the investment section and select the IPO option shown on the screen.
Step 3: Add investment and bank account details and complete the verification.
Step 4: Select Paytm IPO from the list
Step 5: Enter the number of shares and bid price.
Step 6: Accept ‘terms and conditions’ documents and submit your application.