Zerodha is a No.1 Stockbroker in India in terms of the highest number of active clients.
Founded in 2010 currently serving 15 lakhs + happy customers and generating 15% of Indian retail trading volume.
Also Read: Review & Brokerage Of Zerodha
If you want to apply for an IPO through Zerodha.
Today I am going to guide you 7 step by step process for How to apply for IPO in Zerodha.
To buy an IPO through Zerodha you will need to have a Zerodha Demat and trading account.
Step by step process to apply for an IPO in Zerodha
Step 1: Open https://console.zerodha.com/ and click on login with the kite.
Enter your login details, after login, you will come into the console application to apply IPO.
Here it doesn’t a matter you have equity fund balance or not. The amount for IPO will get debited directly from your bank account, not from the Zerodha Equity fund balance.
Step 2: From the top-right menu click on portfolio then select IPOs.
A list of all open issues of IPO will be open.
Step 3: Select the IPO in which you want to apply
After selecting an IPO from the list to apply for, you will see all the details of that IPO, like open date, close date, issue size, lot size, and Red Herring Prospectus.
Step 4: Now give your UPI Id and click on verify
It will check whether you are giving valid UPI Id or not. This will not check your bank details.
Please be sure you are using your own UPI id link to your personal bank account with your name otherwise your application will get rejected.
Step 5: Now Select the investor type & Enter bid for your application
If you have opened an individual account then by default it will be individual investors.
Enter the quantity for your bids, keep in mind only quantity that is a multiple of the lot size is allowed.
If you want to apply at the cut-off price, then click on the checkbox next to Cutoff-price
If you wish to place a bid at a different price, you can enter a price in the Price field
Step 6: Now click the checkbox to confirm you have read all the Red herring Prospectus and other provisions of the SEBI.
Now click on the submit button.
After submitting your IPO application you will receive SMS to authorize the payment request.
Step 7: Open your UPI application and accept the mandate request
Once you will follow the above step at the end of the day you will receive a confirmation SMS from the exchange confirming your application
Frequently Asked Questions
Can I apply for an IPO through Zerodha?
Yes you can apply for an IPO through Zerodha you will need to have a Demat account with Zerodha then you can apply for IPO by Login in Zerodha Console.
What is IPO in Zerodha?
This is the process of applying for an IPO in Zerodha. You can Invest in IPO through Zerodha whenever an IPO (Initial Public Offer) of a company gets launched to get listed on the Indian Stock Exchange. You can apply for IPO in Zerodha.
Can We Buy IPO in Zerodha?
Yes you can buy the IPO in Zerodha by these 7 Steps
1. Login Zerodha console >> 2. Click on portfolio >>3. Select IPOs >> 4. Verify your UPI Id >> 5. Select Investor Type >> 6. Check the box of T&C then Submit 7. Confirm the Payment in UPI app