The country’s largest Paytm IPO has been opened. Investors will apply for this IPO from today until November 10 if they think investing in this IPO. But if you do not have a Demat account, then how to apply. No need to panic; you can invest in Paytm IPO without a Demat account also.
If you want to invest money in Paytm’s IPO, you can apply for this IPO only through Paytm. It is straightforward to use. You can apply this app in a few seconds from your mobile’s Paytm account.
Apply for Paytm IPO without Demat Account
First of all, to apply for Paytm IPO, open Paytm on your mobile. After that, click on Invest in IPO in its Featured category. After which, the IPO of Paytm will appear in front. The page for investing in IPO will open by clicking on it, where information about price band (2080-2150) and lot size will be available. The retail investor has to select Retail in Investor Type. According to the Paytm app, the investor will have to invest at least Rs 12,480 according to the lower price band.
How much money will have to be invested?
The company has kept the price band for this IPO at Rs 2,080 to Rs 2,150 per share and has a lot size of 6 shares. According to the Price Bank (Paytm IPO Price Band) and lot size, the retail investor will apply for six shares. According to the upper price band, investors will have to invest a minimum of Rs 12,900. Retail investors can apply for a maximum of 15 lots in this IPO, for which they will have to pay Rs 193,500.
According to the rules, retail investment has to be applied for at least one lot. If you apply a lot in Paytm IPO, you will have to invest Rs 12,900. Paytm has decided to increase the size of its IPO to Rs 18,300 crore. Earlier it was Rs 16,600 crore.
Let us tell you, Paytm IPO will be the biggest IPO ever in the country. Earlier, Coal India had launched an IPO of Rs 15,000 crore. The company’s founder Vijay Shekhar Sharma will sell his stake up to Rs 402.65 crore in the OFS of Paytm IPO.
