Tag Archives: Zerodha IPO

How to Apply IPO in Zerodha

Now a days, IPOs are becoming very good choice of short term as well as long term investing and can be bought for good Listing gains. Few excellent examples of top performing IPOs are IRCTC, D-Mart, Affle India  etc. Investing in an IPO has become very easy with the introduction of UPI in Zerodha, one can easily place bids for investing in an IPO or an open Offer. Various steps involved in this process are given here.
  • Step 1 : Install the BHIM/UPI app from play store and register your UPI ID.
  • Step 2 : Login to Kite Zerodha mobile App or web version
  • Step 3 : See your Client Id in Right Corner and Click to find “Console” Option there.
  • Step 4 : Next you Select “IPO” in the “Porfolio Tab” shown.
  • Step 5 : Choose the IPO you want to apply for from the list of open IPOs
  • Step 6 : Enter your UPI ID. Make sure this is the UPI ID mapped to your personal bank account. The IPO application is liable to get rejected if the person who is applying is different from the one whose bank account is used to apply.
  • Step 7 : Place your bid(s). If you want to apply at the cut-off price, just click on the checkbox next to ‘Cutoff price’. If you want to place a bid at a different price, you can do so by entering a price in the ‘Price’ section.
  • Step 8 : Once you are done with all these steps, click on the checkbox to confirm that you have read the RHP and other documents and click on submit:
  • Step 9 : Accept mandate request on your BHIM UPI App
At the day end after submitting the IPO bid, you will receive an SMS from the exchange confirming your application. Meanwhile, to check the status of your order you can select the IPO you have applied for and you’ll be able to see the last updated bids in your application.

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