From July 14, Zomato’s IPO subscription of 9375 crores is opening. Users of Paytm Money can apply for this IPO 24×7 from now.
This IPO is worth 9375 crores.
Zomato IPO latest news: The subscription for the 9375 crore IPO of online food delivery company Zomato will start from July 14. There is a lot of interest among investors regarding this IPO. If you also want to invest in Zomato IPO then Paytm has brought this opportunity for you. Investors can apply for this IPO 24 hours a day with the help of Paytm Money.
Paytm Money is the broking and financial asset distribution company of Paytm. Its users can apply for Zomato IPO before 14th with the help of this app. According to the current rules, if one wants to invest in an IPO, then he must have a demat account. Also, the application can be entered only as long as the date of subscription remains and the timing of market opening remains.
24×7 application facility
Under the new system, Paytm Money has given 24 hours (24×7) opportunity to its customers who have open demat account to fill the application. After the market opens on 14th, when the IPO goes live, then this information will be shared on behalf of Paytm Money to the exchange. Paytm Money investors will have to make payment using UPI only. This facility is especially for such investors who are not active in trading.
Retail investors will be at ease
Varun Sridhar, CEO, Paytm Money said that investor interest towards IPOs has increased significantly in the last few months. There have been many such cases where retail investors are unable to apply for IPO even after wanting to. One of the main reasons for this is the delay in processing. In such a situation, to make the experience of our users easy, we have started this facility. With the help of this, any retail investor who wants to invest in IPO can invest easily.
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