How to Apply For IPO in Zerodha?

Zerodha has exciting news for those looking to apply for Initial Public Offerings (IPOs). Customers can now easily submit their IPO applications online through the Zerodha Console. By using the Unified Payment Interface (UPI), users can apply for an IPO directly on the platform. While this method may not be as simple as applying for an ASBA IPO through a 3-in-1 account, it provides the added convenience of online applications via Zerodha’s UPI system.

On 6 August 2019, Zerodha introduced its online IPO application services. As a result, it surpasses all other brokers in terms of the quantity of IPO applications submitted.

Since many people wonder how to apply for IPO in Zerodha, here is a guide.

The Zerodha Effect: Redefining Stock Market Participation in India

In the dynamic realm of finance, Zerodha emerges as a leading force in India’s stock brokerage industry, distinguished by its innovative technological approach. By prioritizing advancements in technology, Zerodha is not just transforming the trading experience; it is redefining the entire investment landscape. Zerodha offers a seamless blend of speed, security, simplicity, and unmatched affordability, making it accessible to a wide range of investors.

Trading Made Easy: Discover the Trading Features of Zerodha Mobile Apps

Zerodha serves its customers with a suite of innovative mobile applications, including Zerodha Kite, Zerodha Coin, and Zerodha Varsity. The Zerodha Kite app facilitates seamless trading from anywhere, empowering users to make informed decisions while on the move. With features such as advanced charting and real-time market data, Kite enhances the trading experience significantly.

Zerodha Varsity offers an extensive array of educational resources and insights, making it an invaluable tool for both novice and experienced investors. This commitment to education ensures that users not only trade effectively but also build a solid foundation in financial literacy. The Zerodha Coin app is a powerful platform designed to facilitate online investments in direct mutual funds without any commission or brokerage fees.

A Comprehensive Ecosystem for Traders and Developers

Zerodha takes pride in its commitment to integration and user experience. To this end, the company has developed an array of features and platforms to enhance the trading experience. These include an internal trading platform, trading tools, a back office, partner portals, discussion forums, and technical analysis tools. By creating a cohesive ecosystem, Zerodha ensures that traders have all the necessary resources at their disposal.

Zerodha’s Tech Revolution: Transforming the Future of Trading

Zerodha’s remarkable success is fundamentally rooted in its steadfast commitment to technology. The firm has invested heavily in creating advanced proprietary trading systems that enhance user experience. By leveraging technology, Zerodha provides its clients with efficient and reliable trading solutions. Additionally, the platform offers access to a wide array of third-party trading tools, which allows traders the flexibility to fine-tune their strategies effectively.

Also Read: Zerodha vs Upstox: Find the best Stock Broker India

How to Apply for IPO in Zerodha: A Step-by-Step Guide

Zerodha, a leading stockbroker in India, provides a seamless process for applying for Initial Public Offerings (IPOs). Here’s a step-by-step guide on how to apply for IPO in Zerodha:

UPI ID Creation (One Time)

Zerodha allows UPI as a payment gateway for IPO applications. This section will talk about UPI Creation to How to buy an IPO in Zerodha.

• Download the BHIM UPI App or use the mobile banking app of any bank where you hold an account, such as ICICI or HDFC.
• Create a UPI ID linked to your bank account. This one-time setup will enable you to use UPI as a payment gateway for IPO applications.

Apply in IPO using Zerodha Console

This section will talk about apply in IPO using Zerodha Console.

• Log in to the Zerodha Kite Website.
• Navigate to the Console section.
• Click on “Portfolio” and then select “IPOs” from the dropdown menu.
• Choose the specific IPO you wish to apply for from the list provided and click on “Apply.”
• Enter your UPI ID, along with the quantity of shares and the price you want to bid for.
• Review your application and click “Submit” to place your IPO application.

Read Also: Zerodha Margin Calculator

How to Apply in IPO through Zerodha without UPI

You can also apply in IPO through Zerodha without UPI. You can apply via the ASBA net-banking services provided by your commercial bank and provide the Zerodha demat account number to make sure the assigned IPO shares are credited to your account. 

Important Notes

• Ensure that you have sufficient funds in your bank account, as the amount will be blocked until the allotment is finalized.
• You will receive an email confirmation with your application details once submitted.
• Keep track of your IPO allotment status through the registrar’s website or via notifications from Zerodha.

This method allows you to apply in IPO through Zerodha without UPI, making it accessible for those who prefer traditional banking methods.

Read Also: UPI Payment for IPO Investors

Zerodha Kite: A Powerful Trading Platform

Zerodha provides its users with the Kite trading platform, known for its user-friendly, portable, and robust features. Developed in-house, Kite stands out as one of the most efficient trading applications in the Indian stock market. It caters to a variety of traders, from beginners to high-frequency and algorithmic traders, ensuring a comprehensive trading experience.

• Full market monitor to keep track of stock prices and market movements.
• Rich charts with over 100 technical indicators for in-depth analysis.
• Advanced order types, including cover orders and GTT (Good Till Triggered) orders.

Read Also: Zerodha Vs Angel One: Stock Broker Comparison

Important Kite Platform Features

• Trading in several languages: Kite is offered in 11 regional tongues.
• Due to its responsive design, Kite Web functions well in mobile web browsers.
• with one click, transfer and withdraw funds.

Ten Features of the Kite Mobile App by Zerodha

All of Kite Web’s capabilities are available on the mobile trading app. The Zerodha app’s main features are as follows:

• Apply for IPO in Kite app through Console the same way you do with Kite Web
• Trading online using an iPad, tablet, or phone
• Trading of equity delivery
• Intraday Trading of Stocks
• Trading Equity Derivatives (F&O)
• Trading in currency derivatives (F&O)
• Trading in Commodity Derivatives (F&O)
• Advance orders for Cover, GTT, and AMO are available.
• Watch the market with live quotes
• 5 Market watch lists, each including 20 scripts.
• Access to 20 market depth or level 3 data.
• Time-based charts with over 100 indications
• Actual market depth (5 bids & offers)
• View the available account balance, utilized margin, and exposure margin for equity and commodity accounts while making online funds transfers.
• Manage your portfolio using distinct tabs for holdings and positions.

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Zerodha DP Name for IPO Application

When we apply in IPO using Zerodha console, it is crucial to enter the correct Depository Participant (DP) information to facilitate the seamless credit of shares into your demat account. The designated DP name for IPO applications with Zerodha is Zerodha Broking Limited. If you opt to apply using the UPI method, your DP ID, DP Name, and Client ID will be automatically pulled from your profile, simplifying the application process.

Here are the necessary details for Zerodha’s DP information for the IPO application:

• Depository: CDSL (Central Depository Services Limited)
• DP Name: Zerodha Broking Limited
• DP ID: 12081600
• Client ID/BO ID: 99999999 (8-digit unique ID assigned to each customer)
• Demat ID: 1208160099999999 (a combination of DP ID and Client ID)

To find your Zerodha DP information, you can access it in the Console under Profile >> Demat.

Zerodha IPO Timing

Zerodha provides a clearly defined IPO window for investors eager to capitalize on stock market opportunities. This window is open from 10 AM to 4:30 PM, allowing ample time for participation. A significant advantage of the apply in IPO using Zerodha console is that investors can apply for or modify their IPO applications at any time through the intuitive Zerodha Console. Additionally, if investors decide to withdraw their IPO application, they can do so flexibly between 12 PM and 4:30 PM on the last day of the subscription period.

Also Read: Top Artificial Intelligence Stocks in India

Exploring Zerodha IPO Charges

Application for the Zerodha IPO is completely free of charge. Clients do not incur any fees when applying for an IPO through Zerodha, although they must maintain an account with the brokerage. Additionally, Zerodha does not charge brokerage fees for investments in equities and mutual funds. For other transactions, such as intraday trading, futures and options (F&O), currency, and commodity trades on the NSE, BSE, and MCX, Zerodha imposes a flat fee of INR 20 per trade. This fee structure is designed to be straightforward and competitive within the industry.

Zerodha IPO Allotment Status

Monitoring the status of the Zerodha IPO is crucial for investors eagerly waiting to know if they have been allotted shares. The responsibility of IPO share allotment lies with the IPO registrar, such as Karvy or Link Intime, and they diligently carry out this process. Once the allocation of IPO shares is completed, the registrar promptly posts the allocation status on their website.

While the Zerodha website does not directly provide IPO allotment status, investors need not worry. The CDSL (Central Depository Services Limited) steps in and takes care of this aspect. The CDSL notifies investors when the IPO-assigned shares are successfully credited to their demat account. This ensures that investors stay updated with the progress and can plan their future investment strategies accordingly.

Also Read: What is NACH in Banking and How it is Revolutionizing Interbank Transactions

Conclusion

Zerodha is currently recognized as one of India’s leading stock brokers, known for its transparency and user-friendly online trading platform, which operates at competitive brokerage rates. As a rapidly growing fintech company, Zerodha continues to innovate and enhance its services.

For all executed orders, Zerodha charges a brokerage fee of either 0.03% or INR 20, whichever is lower. This means that customers pay a maximum of INR 20 per trade, regardless of the transaction size.

We hope this article provides you with the answer to how to apply for IPO in Zerodha. Please let us know your thoughts in the comments below.

Zerodha offers a straightforward and efficient online IPO application process via its website or mobile app, utilizing UPI as a payment method. If you do not have a UPI ID or encounter issues with UPI, you can also apply using the ASBA service.

How to Apply for IPO in Zerodha Frequently Asked Questions