The Bidding Process

• Applying for an IPO is easier than ever with Paytm Money, in just a few clicks your application is processed. You can bid for any IPO through Paytm, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
• If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
• The maximum subscription amount for retail investors is 2 lakh.
• Any bid can be at a desired price or cut off price given by the company.

How to bid on App

• Enter the number of shares you wish to buy, as per the lot size.
• You can apply at the cut off price set by the company or bid for a desired amount within the price band.
• Maximum three bids will be accepted.
• You then need to enter the UPI ID on Paytm Money’s IPO application form.

Investing using UPI

• You will immediately get a fund block request on your UPI for the submitted IPO application.
• The funds will be blocked in your bank account until allotment when it is debited.
• The limit for IPO application is Rs 2 lakh per transaction on UPI.
• On allotment of the shares, the money will be automatically debited.
• If the share aren’t allotted the blocked funds will reflect back into your account.