NEWMALAYALAM STEEL LIMITED SME IPO

19-Dec-2024 - 23-Dec-2024

₹ 85 - ₹ 90

₹ 144000.00

1600

4,406,400

IPO Details

Step 01 :
Once you create your account, Login to InvestoYard.
Step 02 :
Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
Step 03 :
Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
Step 04 :
Enter your UPI ID and you will receive mandate on your UPI App.
Step 05 :
Once you accept the mandate, Application is submitted successful.

Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, 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.

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 InvestoYard’s IPO application form.

You will immediately get a fund blocked 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.