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If you are interested in one of the largest IPOs of the country i.e. Jio Platforms Limited (Jio Platforms IPO) If you are thinking of investing in, then it is very important to understand the entire application process, required amount and rules in advance. In this IPO, a special reserve category has also been kept for general investors as well as eligible shareholders of Reliance Industries, which will give investors a great opportunity to apply in two different categories. Let us know every small and big thing related to Jio IPO.
How to Apply for Jio IPO
It is very easy to apply for this much awaited IPO of Jio Platforms. You can easily apply by following the steps given below:
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First of all open your favorite stock broker app (like Zerodha, Groww, Angel One etc.) or your net banking facility.
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After this the app ‘IPO’ Go to section and from there ‘Jio Platforms IPO’ Select.
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Now choose the number of shares as per your choice and your investor category (like retail or shareholder quota).
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After this your valid UPI ID Enter and submit the application.
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After the application is submitted, a mandate request will come on your UPI app (like Google Pay, PhonePe, Paytm). It is mandatory to approve it within the stipulated time. By doing this, that amount will be blocked in your bank account.
How much money will be required for one lot
According to market discussion, the price band of this IPO ₹1,065 to ₹1,119 per share has been fixed. In one lot of this IPO 12 shares Will be. If you apply according to the upper price band i.e. ₹ 1,119, then you will get ₹13,428 for one lot An amount of Rs. will be required. Please check the final and official terms on your broker app before placing a bid to avoid any technical inconvenience.
How will Reliance shareholders get special benefits?
The biggest feature of this IPO is that it Reliance Industries (RIL) For shareholders eligible for a separate Reservation Category Has been created. According to the draft documents, individual investors and eligible public shareholders of Hindu Undivided Families (HUF) can apply under this special quota. Maximum limit for a single application under this category ₹2 lakh Has been decided.
The most special thing about this quota is that along with applying in this reserve category, eligible shareholders can also apply separately in the general retail or non-institutional investor (NII) category. As per rules, applying together in both these categories will not be considered as ‘multiple bid’. However, applying at both the places does not provide 100% guarantee of share allotment. To determine the eligibility of shareholders ‘Record Date’ The most important thing is that it is necessary to confirm it with the official documents of Red Herring Prospectus (RHP).