Zomato IPO: Here’s how to apply via banks and apps like Zerodha, Paytm Money

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Demat account, trading application and UPI ID are mandatory if you are applying for an initial public offering (IPO).

Upcoming IPO of Zomato can also be applied before its IPO opening date.

There is already a lot of buzz around Zomato’s ₹9,375 crore IPO.

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Login to the mobile app and select the IPO option under console. If you’re logging in through desktop, then go to console – portfolio – IPO.

You will find a list of IPOs that are open for investment. Select the IPO you want to invest in.

Enter your UPI ID from the BHIM app. Ensure your UPI ID is mapped to your personal bank account.

Select investor type for your application.

Enter the lot size (number of shares required to buy in one lot) announced by the company.

Tick on the cut off price for more chances of allotment of shares as it indicates investor’s willingness to subscribe to shares at any price discovered within the price band. Cut off price is the issue price.

Retail investors can bid for three lots.

After this step, click on the check box to confirm and submit.

The last step is to accept the mandate request for proceeding with IPO on your BHIM UPI app. Once you accept the mandate, the amount of funds for IPO will be blocked till the allotment.

Now wait till the allotment date of shares to see if you have received the lot size you bid for.

Go to the investment section and select the IPO option.

Fill your investment and bank account details to complete the verification process.

Later select the IPO you want to apply.

Enter the number of shares and bid price.

Read and accept ‘terms and conditions’ documents.

Submit your application.

2021 seems to be a year of the initial public offerings (IPOs) with back to back listings happening almost every week. So far this year, 32 IPOs have been listed, according to BSE data.Presently, the upcoming IPO that has created a lot of buzz is Zomato, a food delivery startup that is currently valued at around $8.1 billion.Many of you may want to subscribe to Zomato’s IPO for one common reason that most of us have seen its growth journey very closely over the years.An IPO is the first sale of shares by a private company looking to raise capital from investors and turn itself into a public company. To invest in an IPO, you need to apply to buy a ‘lot of shares’ from the market. The bidding for these IPOs is usually open for three days particularly during market hours.Now, let us understand how to invest in IPOs. A Demat account, a trading application like Zerodha, Angel Broking etc and UPI ID on BHIM app are necessary if you want to invest conveniently in an IPO.Unified payment interface (UPI) is a banking system for money transfers on payment apps like Google Pay, PhonePe and so on.One of the simplest ways to track IPOs and invest in them is through trading platforms.Paytm Money has for the first time allowed users to apply for an IPO before the actual IPO opening. This feature is built to help a large proportion of investors who do not trade actively and may miss out during market hours.Basically, a retail investor can plan an IPO order 24x7 on days when a pre-open IPO is enabled.Pre-IPO feature is currently live on Paytm Money’s mobile app.The process to apply in a pre IPO is similar to that of other trading platforms. You just need to fill your investor details, lot size and accept the mandate on BHIM app.This option is generally available between 5 a.m. and 11 a.m. on the bank’s website. Here’s how to do it:SEE ALSO: Flipkart raises $3.6 billion at a valuation of over $37 billion (businessinsider.in)

Looking to invest in Zomato IPO? Here’s how you can do it via Zerodha, Paytm and Upstox

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The initial public offering (IPO) of Zomato opens for subscription today, July 14. The food-tech unicorn plans to raise Rs 9,375 crore at a price band of Rs 72–Rs 76 via its maiden issue.

The issue will consist of fresh equity worth Rs 9,000 crore and an offer for sale (OFS) of Rs 375 crore from its promoter Info Edge. The company has also set aside approximately 6.5 million shares for its employees.

Investors can bid for a minimum of 195 equity shares and in multiples of 195 equity shares thereafter. Considering this lot size, retail investors can apply for a minimum of Rs 14,820 worth of shares and a maximum of Rs 1,92,660 shares at higher price band of Rs 76 per equity share.

Also read: Zomato IPO opens for subscription today: Should you place an order?

How to invest in Zomato IPO via Zerodha’s Kite application:

Log in to the mobile app and select the IPO option under the console; select Zomato IPO; enter your UPI ID from the BHIM app; select investor type for your application and enter the lot size; tick on the cut-off price for more chances of allotment of shares; confirm and submit. Accept the mandate request for proceeding with IPO on your BHIM UPI app.

Also read - Zomato IPO opens: 10 key things to know about the issue and the company

Here are the steps to invest in an IPO via Upstox:

Log in to the Upstox application or website with your credentials; select Zomato IPO and create an IPO application; add up to 3 bids within the price range; confirm your application; accept the UPI mandate and block funds on your mobile UPI app.

Investors can also use Paytm Money to participate in the IPO. The digital brokerage firm will allow users to place their bids even before the issue opens to the general public. The Zomato IPO is the first public issue to be launched with this feature on Paytm Money.

The process to apply in a pre-IPO is similar to that of other trading platforms. You just need to fill in your investor details, lot size and accept the mandate on the BHIM app.

Brokerages such as Zerodha, Upstox, Paytm Money can be used to participate in what has been touted as one of the biggest issues to hit D-Street. Check details below:

Zomato IPO: Here’s how to invest via Upstox, Zerodha, Paytm Money

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The IPO of food-tech unicorn Zomato is set to open for subscription today and will close on July 16. The company is offering shares with a face value of Re one in the price band of Rs 72–Rs 76 each to raise a total of Rs 9,375 crore.

The bid can be placed with a minimum of one lot, which consists of 195 shares. The shares will be listed tentatively on July 27, 2021.

According to Zomato’s red herring prospectus, the issue will consist of fresh equity worth Rs 9,000 crore and an offer for sale (OFS) of Rs 375 crore from its promoter Info Edge. The company has also set aside approximately 6.5 million shares for its employees.

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