Mumbai Zomato IPO. Food delivery company Zomato is about to bring its IPO on Wednesday. The company wants to raise Rs 9,375 crore through a public offer. If we talk about the last one year, then this is the biggest IPO ever after the IPO of SBI Card (Rs 10,355 crore). Many investors are curious about Zomoto’s IPO. It is worth noting that in the gray market, Zomato is getting a premium of 26 percent before the public offer opens. Let us tell you that Zomato can be listed on BSE and NSE in the week starting on July 26. According to preliminary information, the price band for Zomato’s IPO has been fixed at Rs 72-76 per equity share, which is currently looking very expensive for investors.
You can also invest like this sitting at home
Now you can also invest in Zomato IPO sitting at home. Paytm Money has launched a new feature on its platform, through which users can apply even before the IPO subscription opens. With this feature of Paytm Money, retail users can also invest in IPO without any problem –
Investments to be made between July 14 and 16
As we have mentioned that Zomato is bringing an issue of Rs 9375 crore. The IPO will open on July 14 and close on July 16. The price band of the issue is Rs 72-76. The company will issue a fresh issue of Rs 9000 crore and shares worth Rs 375 crore will be sold in the offer for sale.
How to apply with Paytm Money
Paytm Money has launched a new feature, which allows investors to invest in an IPO at any time.
– These orders will be recorded on Paytm Money’s system.
On the opening of the IPO, it is sent for processing and exchange and the users will be informed about the status of the application.
You can apply for Zomato IPO
Through this feature of Paytm Money, you will be able to apply for Zomato IPO. Talking about the last 2 days, so far many orders have come on the platform of Paytm Money. Users will first have to activate the Pre-Open IPO Application feature to invest. The IPO order will be recorded on the Paytm Money system and will go to the exchange to be processed once the IPO is opened. Users will continue to get all the information about IPO booking. Paytm users will be able to complete the IPO application with just one click. Shareholders will be able to apply through categories. Users can also track their live IPO subscription numbers.