28.6 C
Jaipur
Sunday, August 1, 2021

How to invest via bank, Zerodha, and Paytm Money

Must read

Zomato, the online food delivery company has launched its initial public offering (IPO) on July 14 at 10 AM. The IPO of Rs 9,375 crore which is considered to be the biggest in the country will close on July 16. The IPO includes a fresh issue of equity shares worth Rs 9,000 crore. Listed tech company InfoEdge ‘holds a substantial stake’ in the app-based food delivery platform and is selling a bite of its stake (offer for sale) worth Rs 375 crore in the IPO. Also Read – Zomato will soon let you order grocery via its food delivery app

As per the TOI report, Zomato will command a market capitalisation of Rs 60,000 crore at the upper band. Notably, it is the first unicorn tech company to be listed on exchanges with a market cap of Rs 59,623 crore (via IPO Note). Zomato’s IPO price band is fixed at Rs 72-76 per share of the face value of Rs 1 each. As per BSE, the company managed to raise over Rs 4,196 crore from 186 anchor investors ahead of the IPO. Among some big names that were allotted shares include- Morgan Stanley, JP Morgan, T Rowe Price, and the government of Singapore. Domestic majors included- SBI MF, HDFC MF, and ICICI Prudential MF. Also Read – How to book COVID-19 vaccine slot via Paytm App, get Covaxin and Covishield shots with these simple steps

While the subscription will be over by July 16, market sources suggest that the stock will be listed before the end of this month as per SEBI rules. Interestingly, broking firms like Zerodha, Upstox have offered the option of investing in IPOs via their platform. Paytm Money, the wealth management division of One97 Communications Ltd also joined the bandwagon and recently introduced the IPO feature for pre-booking Zomato IPO. In case you are planning to invest in Zomato IPO, here’s how you can do it Also Read – Alert! Paytm cashback scam: Fake Paytm website, it’s a trick to steal your money

How to invest in Zomato IPO via Zerodha Kite app

Step 1- Download the app on your mobile, open an account by entering your mobile number if you are using it for the first time, alternately, just log in to the mobile app.

Step 2- Once logged in, select the IPO option you will see under the console.

Step 3- Following that, select the IPO you want to invest in.

Step 4- Enter your UPI ID from the BHIM app.

Step 5- Select the investor type for your application.

Step 6- Then enter the lot size i.e., the number of shares required to buy in one lot announced by the company.

Step 7- Check on the cut-off price for more chances of allotment of shares.

Step 8- Once done, click on the check box to confirm and submit. Notably, retail investors can bid for three slots.

How to invest in Zomato IPO via bank

You can also invest in IPO via bank. The option is available between 5 AM and 11 AM on the bank website. Here are the simple steps-

Step 1- Log in to your bank’s net banking account either via web or mobile app.

Step 2- Head to the investment section and select the IPO option.

Step 3- Once opened, fill in your investment and bank account details in order to complete the verification process.

Step 4- After that, select the IPO you want to apply for.

Step 5- Enter the number of shares and bid price. Read and accept ‘terms and conditions’ documents.

Step 6- Once you have read carefully, submit your application.

How to invest in Zomato IPO via Paytm Money

As mentioned earlier, Paytm Money has brought a new feature that allows investors to pre-book IPO allotments before the issue opens on the market. With Paytm Money’s’ pre-open IPO application’ feature, investors can pre-book an IPO allotment 24*7. Once an order is placed it gets recorded on Paytm Money’s system. When the IPO opens, Paytm sends the request to the exchange for processing in the next round. Retail investors can apply for an IPO anytime when the option is enabled. Once the investors receive the allotment via the new feature, they are required to clear a payment request on their UPI app within 24 hours.





Source link

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article