Initial Public Offering is also called IPO. You can invest in the IPO of any company. It is also called the primary market. There is a common belief that it is necessary to use net banking to apply online for an IPO. But this belief is completely wrong. You can also apply for an IPO through UPI. All brokerage firms provide this facility.

However, no matter how you apply for an IPO, it is necessary to have a demat account. Let us now know how you can bid in any IPO through the Paytm Money app. Let's see its complete process-

Step-by-step process

Step 1- First of all you have to download the Paytm Money app from the Play Store.

Step 2- Now login by entering the details asked in this app.

Step 3- After logging in, you have to drop down or scroll down.

Step 4- As soon as you come down, you will see the option of IPO. You may see many IPO options on the screen. These will be the IPOs that are open at that time.

Step 5- You can choose your favorite IPO from the given option. For this, you have to click on Select IPO.

Step 6- After this, basic information related to the company and IPO will appear in front of you.

Step 7- After this, you have to enter the UPI ID on the Add Details option below.

Step 8- Finally, you will see the payment amount in front of you, you can make the payment by clicking on it.

What to keep in mind while investing in an IPO?

Whenever you think of investing in an IPO, read the details related to the company and the IPO carefully before that. Also, check the GMP (Gray Market Price) of the IPO. GMP keeps changing all the time. Keep reading Jagran Business for updates related to GMP.

Along with this, check whether the IPO is of the Mainboard category or SME. IPOs in the SME category are risky. Only then its investment amount is also high.

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