One97 Communications Restricted (OCL) that owns the model Paytm, India’s main digital funds and monetary providers firm, has introduced that its wholly-owned subsidiary Paytm Cash Restricted (PML) has launched the pre-open IPO function for the upcoming LIC IPO. Because of this customers can apply for the upcoming IPO earlier than the due date. Buyers desirous to subscribe to the IPO can apply for it by way of Paytm Cash. They’ll even do it now and needn’t wait the IPO opens for subscription, utilizing Paytm Cash’s Pre-Open IPO software function.
The difficulty will likely be open to subscription for most people from Could 4 to Could 9. The 5-day subscription interval is exclusive as this era is normally 3 days for many IPOs. The worth band for the IPO is ready at Rs 902-949. The corporate can also be providing free demat accounts for brand new traders.
The best way to apply by way of the pre-open IPO function
Whereas the IPO opens for subscription on Could 4, the official software timings are 10am to 5pm, Paytm Cash has enabled the pre-open function for the LIC IPO. The pre-open software will likely be recorded on Paytm Cash’s system and despatched to the change for processing every time the IPO opens.
Steps to use:
1. Go to the “Spend money on IPO” possibility on Paytm Cash, it is possible for you to to see the IPO with a Pre-Open tab.
2. Choose LIC IPO
3. Within the respective IPO display screen, it is possible for you to to see the “Apply Now” button with the disclaimer that an software submitted within the pre-open stage could be canceled or modified solely when it’s despatched to change when IPO opens, choose apply now
4. The Apply for IPO web page will open. Right here you’ll be able to modify the lot measurement, add as much as 3 bids and modify the worth. Submit that UPI ID could be stuffed and apply button must be chosen
5. After tapping “Apply” you’re going to get a display screen stating that IPO is at the moment pre-open and software will likely be despatched to change after IPO begin date.
The best way to apply for the IPO when subscription opens by way of the Paytm Cash app
* Go to the IPO part on Paytm Cash’s dwelling display screen.
* The LIC IPO possibility will likely be accessible within the ‘Present & Upcoming’ tab inside IPOs.
* When you click on on the choice you will notice the ‘Apply now’ button which is able to take you to the bid web page. On this web page, you’ll be able to replace the worth and amount in your software.
* Within the ‘Add UPI Particulars’ part, replace your UPI ID and click on on ‘Apply’
The best way to apply by way of the Paytm app
Customers may also apply for the IPO through the Paytm app.
Throughout the ‘My Paytm’ part of the Paytm app, customers will have the ability to discover ‘Paytm Cash’ possibility on the precise.
Current customers can click on that possibility and begin their software journey from there as described above.
Customers not registered with Paytm Cash can get KYC verified in a couple of simple steps and proceed to the IPO software step.

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