Paytm Money IPO Apply 2024

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In November 2020, Paytm Money started offering fully online/paperless IPO investment facilities to retail customers. All you need to do is register stock market KYC and apply for an IPO using UPI for Free at 0 charges. The broker offers a hassle-free IPO investment process via UPI ID on both the Paytm Money app and website. Paytm Money IPO window on App and web allows users to place a bid, modify, and cancel the IPO application anytime. Scroll down to check the Paytm Money IPO investment review including the process of how to apply IPO online through Paytm Money with and without UPI, IPO investment charges, allotment, and IPO investment platform.

Current and Upcoming IPO's investment with Paytm Money

Apply IPO Online through Paytm Money using UPI

Applying IPO with Paytm Money is a quick, easy, and 100% digital process. The broker allows online IPO investment through both the mobile app and web trading platform. Here is the Paytm Money IPO Apply process explained;

1. Login to the Paytm Money App.
2. Register fully digital KYC process for stocks, once KYC is verified and Demat Account is opened, you will have access to the IPO window.
3. On the home screen, click on the “Invest in IPO” section, where all the upcoming and current IPOs will be displayed.
4. Among all the open IPOs, click on the IPO of your choice.
5. Enter bidding details i.e. lot quantity or number of shares, amount, etc.
6. After that, enter your UPI ID to block the funds.
7. Open UPI App on your phone and accept the UPI mandate request to authorize payment.

Important points

• Paytm Money allows users to place upto 3 IPO bids and the highest bid amount will be blocked.

Paytm Money IPO Charges

• Applying IPO through Paytm Money is free at zero brokerage charges. You only need to register stock market KYC and invest in IPO online for free regardless of whether you are applying in IPO using UPI or ASBA/net banking process.

Paytm Money IPO Apply through ASBA/without UPI process

If you don’t use UPI then you can invest in IPO through ASBA or net banking process. The process is completely online and doesn’t more than a few minutes. Here are the steps on how to apply for IPO without UPI through Paytm Money;

1. Login to your bank’s net banking portal.
2. Go to the IPO offerings and from the list of all active IPOs, select the IPO of your choice.
3. Apply for IPO and enter Paytm Money Demat Account details like DP ID, and Demat account number.
4. Enter the IPO bidding details i.e. quantity, price, etc.
5. Re-check all the details and confirm the order.
6. Once IPO is applied, the amount will be blocked in your account till allotment. Upon successful allotment, it will get debited otherwise freeze amount will be released back to your account.

Paytm Money IPO Allotment

Paytm Money doesn’t provide IPO allotment status on its web and app platform, however, once the IPO allotment status is out, the broker sends a notification on the registered e-mail and mobile number. Customers can also check the IPO allotment status on the registrar’s website.

If you’ve been allotted shares, then the funds will be debited from your bank account and allotted IPO shares will be transferred to the Paytm Money Demat Account. Once the IPO is listed on the exchange, you can sell shares by placing a normal sell order. However, in case of rejection, the blocked amount will be released by the bank.

How to check IPO Allotment status?

1. Visit the IPO registrar website.
2. Select the IPO company name.
3. Enter PAN no./DP ID, or IPO application number to check the allotment status online.

Paytm Money IPO Investment Platform

Paytm Money allows users to invest in IPO online either through its mobile app or website.

1. Paytm Money App: It is an all-in-one mobile app for all your trading and investment desires whether to invest in stocks, IPO, and direct mutual funds. Android users can download the Paytm Money Mobile app from the android store and iOS fanatics can install the app from the App store.

   • Paytm Money App on Android
   • Paytm Money App on iOS

2. Paytm Money Web: It is a web-based trading platform that is accessible through compatible browsers i.e. Internet Explorer, Safari, and Chrome. The web platform can be used by mobile phone, laptop, and desktop users.