Paytm Money IPO Review (Apply Steps, UPI and Allotment Status)

Paytm Money offers a fully digital IPO application to its customers. Paytm Money customers can instantly apply in an IPO using UPI (Unified Payment Interface) through the Paytm Money website or the mobile app.

Paytm Money is a Bengaluru-based online discount broker that provides low-cost online trading and investment services to its customers. It started in 2017 as a direct mutual fund platform and is now expanding its services to add other investment products to its product base to help customers diversify their investments into multiple asset classes. Paytm Money launched online IPO application services in Nov 2020.

Paytm Money does not provide any tips, recommendations, or reviews about the IPOs. The company has a dedicated section for IPO wherein it maintains the list of active and upcoming IPOs, company history, prospectus, and performance of the past IPOs.

Steps to apply for an IPO through Paytm Money

Below are the steps to apply online in an IPO through the Paytm Money website or mobile app.

1. Login to the Paytm Money website or Download the Paytm Money app.
2. Complete Stock Market KYC.
3. Go to the IPO section that reads - Invest in IPO.
4. Select the IPO from the list of open IPOs.
5. Enter the bidding details like the number of shares and the bid price within the price range.
6. Enter your UPI ID.
7. Click on Apply Now.
8. Open your UPI app and approve the payment request.

Key Features of Paytm Money IPO application:

• IPO application option is available on the Paytm Money website as well as the Paytm Money mobile app.
• You can place up to a maximum of three bids.
• The highest bid amount gets blocked.
• Displays IPO schedule dates like allotment finalization, refund initiation, and listing date below each IPO.
• Only Paytm Money customers with Stock Market KYC can apply.

You can also apply using your bank's ASBA facility and Paytm Money Demat account. It is also a fully online process that can help you apply for an IPO in a few minutes.

Steps to apply in an IPO using net banking ASBA:

1. Visit your bank's website and Log in to your net-banking account.
2. Visit the IPO section of the bank website.
3. Select the IPO you would like to apply for from the list of active IPOs.
4. Select your account and enter Paytm Money Demat details.
5. Enter the bidding details on the application page.
6. Confirm and apply.

In the ASBA process, the bank blocks the application amount. The blocked amount will not be available for use but will earn interest till it gets debited. The bank debits the amount from your account only on the allotment of shares. If there's no allotment, the bank unblocks the amount. The company will transfer the shares to your Paytm Money Demat account on the successful allotment in an IPO.

Paytm Money IPO Charges

Paytm Money offers free online IPO application services to its customers. There are no charges to apply for an IPO through the Paytm Money trading platform.

Paytm Money IPO Allotment Status

Paytm Money does not maintain IPO allotment status on its website. You can check for the Paytm Money IPO application allotment status from the IPO registrar's website or visit our website at IPO Allotment Status Page.

Once the allotment gets finalized, you would receive an e-mail/SMS notification on your registered mail id and mobile number about your allotment status.

In case of a successful allotment in an IPO, you will receive the allotted shares in your Paytm Money Demat account. The bid amount that was blocked by the bank will also get debited. In case you do not receive shares in the IPO allotment, the bid amount that was blocked by the bank will get released.

Conclusion

Paytm Money offers easy and convenient online IPO application services through their website or mobile app using UPI as a payment gateway. You can also apply using the ASBA facility. Paytm Money does not provide offline IPO application services as there is no branch support available at Paytm Money.

Frequently Asked Questions

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Information on this page was last updated on Thursday, March 23, 2023