Canvas of News With An Analytical Edge

How to Buy Zomato IPO? 3 Simple Steps

Are you intrigued by the Initial Public Offering of Zomato? A lot of people are really excited about how to buy Zomato IPO because Zomato is a top player in the online food industry, and it has big potential to grow. The other thing is of course how investors see a chance to benefit from Zomato’s wide reach and new ideas in food delivery and dining out.

So, here, we will cover the step-by-step process to buy the Zomato IPO. First, let’s begin with the simple stuff. 

What is Zomato IPO? 

If you’re wondering why you should invest in Zomato, let’s start with what Zomato is. Zomato is a major player in the online food service industry, offering both food delivery and dining-out services. You might want to consider investing in Zomato because it’s not just about ordering food; it’s also about discovering restaurants, booking tables, and even enjoying loyalty benefits through Zomato Pro. 

With its presence in 23 countries and a vast network of over 130,000 restaurants and 160,000 delivery partners, Zomato has built a strong reputation and a loyal customer base of over 10 million monthly users. So, if you’re looking for a company with recognized brand equity, a wide-reaching delivery network, and a significant presence in the food service industry, Zomato could be an exciting investment opportunity for you.

Why Should You Go For Zomato IPO? 

If you believe in the power of network effects and see potential in the online food delivery industry, especially in India’s digital market, you might consider investing in the Zomato IPO. Additionally, if you’re interested in companies showing improvement in unit economics, such as decreasing promotion expenses and positive contribution profit, Zomato could be an attractive investment opportunity for you.

How to Buy Zomato IPO? 

Now that you know about what is Zomato IPO and why you should get it, let’s get to the main question: how to buy Zomato IPO. Here are three easy steps to replicate: 

Step 1: Apply for the IPO using a supported UPI app

You can start by opening the UPI app on your smartphone. If you don’t have one, you can download it from the app store.

Look for the option to apply for an IPO within the app. It may be listed under the “Invest” or “IPO” section.

Select the Zomato IPO from the list of available IPOs. You may need to search for it if it’s not visible immediately.

Enter the necessary details such as the quantity of shares you want to apply for and the price range within which you wish to bid.

Step 2: Enter your bid on Console

Visit the Zerodha website and log in to your account using your credentials.

Navigate to the Console section, which is usually found in the dashboard or main menu.

Look for the option related to IPOs or applying for new shares. It may be labeled as “IPOs” or “New Issues.”

Find the Zomato IPO from the list of available IPOs and click on it to proceed.

Enter the details of your bid, including the quantity of shares and the price at which you’re willing to bid.

Step 3: Accept the UPI mandate on your phone

After submitting your bid on Console, you’ll receive a notification or message on your linked UPI app.

Open the UPI app on your phone and locate the notification related to the Zomato IPO bid.

Review the details of the bid, including the bid amount and other relevant information.

Accept the UPI mandate or authorize the transaction using your UPI PIN or biometric authentication.

Once you’ve accepted the mandate, the bid amount will be blocked in your bank account until the IPO allotment process is completed.

By following these steps, you can successfully apply for the Zomato IPO and participate in the investment opportunity.

By following these steps, you know how to buy Zomato IPO and potentially benefit from its growth. If you want to have a strong direction in your financial planning journey, keep checking out this space for more. Stay proactive and stay informed to make the most out of investment opportunities like the Zomato IPO.

Can I apply for Zomato IPO offline?

No, you cannot apply for Zomato IPO offline. You can only apply online through your broker’s platform or using UPI. 

Yes, there are eligibility criteria to apply for Zomato IPO, which typically include having a demat account and a valid PAN card.

You can track the status of your Zomato IPO application by checking the IPO allotment status on the specified date.

If you’re a Zerodha customer, you can apply for Zomato IPO online using UPI as your payment method. Just log in to Zerodha Console (back office), find the Zomato IPO, and fill out the IPO application form. Then, approve the mandate in your UPI app.

You May Also Like

10 Ways to Achieve Financial Freedom
10 Ways to Achieve Financial Freedom
Liquidity: What is it, Importance, Strategies for Managing Liquidity Risk
Liquidity: What is it, Importance, Strategies for Managing Liquidity Risk
3 Top Investment Companies in India