How to apply IPO in Zerodha? Buy IPO Online

Short Answer

If you are a Zerodha customer, you can apply for IPO online through Zerodha Console (Zerodha Back-office). The process for applying an IPO process has been explained in detail above. Here are few other answers to important queries that you may want to learn.

Detailed Answer

IPO Application Process through Zerodha

You can easily apply for an IPO with Zerodha by following a simple process:

  1. Create a UPI ID.
  1. Login on Zerodha Kite, and open Console.
  1. Select Portfolio <IPO>
  1. Choose IPO from the list, apply and enter your UPI alongwith quantity and price.
  1. Then simply submit you IPO application.
  1. Wait for the mandate notification that you'll recive within few hours. Approve it and here you go! You have successfully applied for IPO with Zerodha.

What are the Charges for applying to IPO via Zerodha?

Zerodha doesn't charge any additional amount for issuing IPOs. As they don't charge any brokerage for equities, buying and selling of IPOs are also free of charge. Only the required government taxes paid have to be paid.

Can an application once submitted be withdrawn?

The applications can be modified or completely deleted through the IPO window on Zerodha that operates from 10 am to 5 pm. If you choose to change your bid, a new mandate shall be issued.

I did not receive the mandate after clicking submit. Why?

It usually takes a few hours for the mandate to reach you, since it is the initial stage. If even after 24 hours you do not receive a notification, contact Zerodha support or call them on the helpline number to know the issue.

How to find my IPO mandate on Google Pay?

If you have used Google Pay as a BHIM application to apply for IPO, open Google Pay<Setting<One-time-mandates. You can accept the mandate here by entering the 6-digit UPI pin.

How are bids placed in an IPO application?

You can place your bids on the Zerodha Kite console while registering for an IPO. You can place a maximum of 3 bids on one IPO application. For instance, if the price range of an IPO is 90-100 your first bid can be 10 shares at Rs.91, second as 50 shares for Rs.95, and third at the cut-off value.

What is ASBA?

ASBA simply stands for Applications Supported by Blocked Amount. It a process developed by SEBI for applying to IPOs, Rights Issue and FPOs. In this, the amount is not debited from the customer's bank account until the shares are not allotted to them. ASBA has the authority to block sufficient money in the customer's bank account that would be required to subscribe to the IPO if allotted.

Note: you can only apply via the ASBA route if you are a retail investor and the application value is less than 2 lac.

Can I add money using debit or credit cards?

No, Zerodha does not take fund transfers from debit or credit cards for transferring into your Demat account.

How can I check the status of my IPO?

To check the status of your IPO, you need to visit the website of the IPO registrar and provide your PAN card number. You cannot access the status from Zerodha's website.

What is the cut-off IPO price in Zerodha?

A cutoff price is one that is decided by the issuer company based on the demand for its shares. A customer can apply directly to the cutoff price instead of placing bids on different amounts. In this case, the investor will get the shares according to the cut-off price in other categories.

The payment status is showing \awaited execution\ after I accepted the mandate and made the payment. What do I do?

The \awaited execution\ implies that the mandate has been submitted. If the allotment is made to you, it will either get executed or revoked if you don't get the allotment.

For any other queries, you can contact Zerodha support on their website or you can discuss and share your feedback here.

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Discussion (1)
    Thank you for explaining the steps in detail. I was a little bit confused but everything is clear now.
Related FAQs
How to Check IPO allotment in Zerodha?

There are many ways to check the IPO allotment status but Zerodha doesn't provide this facility on their website.** To check the allotment status you can visit the website of the registrar of the IPO**, for example, Link Intime, Karvy. With the help of a PAN number, you can easily check the status.

Do I have to pay any brokerage at the time of applying for an IPO?

No, the application process for an IPO can be availed with zero brokerage fees. Applying in an IPO is free of cost and you don't have to bear a fee.

Is IPO investing good for new investors?

IPOs can be a good option for beginners as they provide an opportunity to get the shares of good companies at an attractive price. Though IPOs can provide good listing gains and quick profits, good companies can help you to create massive wealth in the long term.

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Gold is a great investment that acts as a store of value and also as a hedge from inflation. Investing in SGB is the best way to invest in Gold. You can buy these Bonds from Zerodha easily by following some simple steps.

How to place BTST order in Zerodha Kite?

For placing a BTST order via Zerodha Kite, the process is quite simple. You can follow the same steps as to how you might place an order on Zerodha Kite. However, when you buy or purchase a stock, you will have to select the “CNC product type” option in the buy order popup.

What is the life cycle of an IPO? Process

An IPO or Initial Public Offering is where for the first time an earlier unlisted company sells new or existing securities and offers them to the public in the primary market.

How to do Short Selling in Zerodha?

So, you wish to know how to do short selling in Zerodha or with any stock broker for that matter. In simple words, Short selling is When you go short, you sell the stock first and buy it later. The same has been explained in detail here.

How to add money to Zerodha using UPI?

Adding money to Zerodha using UPI is the most commonly used method and is the most popular among the other methods. It is totally free and can be done with the help of any UPI application like Google Pay or BHIM UPI. This process can be done seamlessly with the help of Zerodha's web application as well as the mobile application- "KITE".

What is IOC in Zerodha Kite?

IOC simply stand for Immediate Or Cancel (IOC) orders. As you get more and more familiar with trading terms and slang, you might realize that each term is supposed to be linked with others, which form this sort of conjoined strategies. These strategies are usually what result in successful trading, rather than speculation.

Can I apply an IPO application in the name of Minor or HUF?

Yes, you can apply for an IPO application under a minor or HUF's name, provided they have different PAN card numbers. Minors can open a Demat account with their parent’s PAN Card and bank account.

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