How to Apply For IPO in Zerodha?

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How to Apply For IPO in Zerodha? If this is the question you have in mind, here is a good news. Customers of Zerodha can submit IPO applications online. Through the Zerodha Console website, Zerodha users can submit an IPO application utilising UPI (Unified Payment Interface). Although the procedure is not as simple as applying for an ASBA IPO through a 3-in-1 account, Zerodha users have the option to apply for an IPO online using the Zerodha UPI application.

How to Apply For IPO in Zerodha

On August 6, 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 IPO in Zerodha, here is a guide on that.

Zerodha

The most cutting-edge stock broker at the moment in India is Zerodha. By making significant financial investments in technology, Zerodha aims to make trading and investing simple, secure, quick, and incredibly affordable.

Customers of Zerodha can download the Zerodha Kite, Zerodha Coin, and Zerodha Varsity mobile apps. Customers of the trading app Zerodha Kite can trade from any location. Customers can learn about the stock market through Zerodha Varsity, and Zerodha Coin App is designed to make it easier to invest in mutual funds online.

For the purpose of integrating its trading platform with other application developers, Zerodha has created an internal trading platform, trading tools, a back office, partner portals, discussion forums, and technical analysis tools.

One of Zerodha’s primary USPs is technology. The business has made major investments in delivering cutting-edge proprietary trading systems. Additionally, Zerodha gives its customers access to a variety of third-party trading tools.

How to Apply for IPO in Zerodha?

Here is the answer of how to apply for IPO in Zerodha (step-by-step guide):

UPI ID Creation (One Time)

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

If a customer of Zerodha does not already have a UPI ID, they must first create one. You can create a UPI ID via the BHIM UPI App or the online mobile banking app of any bank where you have an account, including ICICI and HDFC.

Apply in IPO using Zerodha Console

  • Login to Zerodha Kite Website and go to Console (Zerodha Back-office)
  • Go to Portfolio > IPOs
  • Select the IPO from the list and click Apply
  • Enter your UPI ID, quantity and price
  • Submit the application

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. 

Read Also: UPI Payment for IPO Investors

Zerodha Kite

Kite is a user-friendly, portable, and robust trading platform provided by Zerodha. The easiest trading app accessible on the Indian stock market is Kite, which was built in-house.

Few brokers, including Zerodha, have taken on the issue of creating tools from scratch to meet the needs of novices, high-frequency traders, and algorithmic traders.

Kite has all the tools an advanced trader needs, including a full market monitor, rich charts with more than 100 indicators, and advance order types (cover orders and GTT orders).

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, utilised margin, and exposure margin for equity and commodity accounts while making online transfers of funds.
  • Manage your portfolio using distinct tabs for holdings and positions.

Zerodha DP name for IPO

Zerodha Broking Limited is the IPO’s Zerodha DP name. To receive stock credit on an IPO application, depository (DP or demat account) information is required. The DP ID, DP Name, and Client ID are part of the depository information. When submitting an application for an IPO via UPI, these information is automatically pulled from your profile. 

To acquire the credit of shares in the Zerodha Demat account, you must supply the Zerodha DP data when applying through any other channel (offline or ASBA Net banking).

Your Zerodha DP information may be seen in Console under Profile >> Demat.

Zerodha’s DP information for the IPO application:

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

Zerodha IPO Timing

In Zerodha, the IPO window is available from 10 AM to 4.30 PM. While the IPO is active, you can apply for or make changes to an IPO application at any moment through the Zerodha Console. You can cancel your IPO application between 12 PM and 4:30 PM if you want to remove it.

Zerodha IPO Charges

Application service for the Zerodha IPO is free. For applying in an IPO, Zerodha doesn’t demand any fees from its clients but of course, you need to have an account with them. For investing in equities and mutual funds, Zerodha doesn’t impose a brokerage fee. Zerodha charges a fixed fee of INR20 per trade for all intraday, F&O, currency, and commodity transactions on the NSE, BSE, and MCX.

Zerodha IPO Allotment Status

You can monitor the status of the Zerodha IPO on the website of the IPO registrar. The allotment of IPO shares is the responsibility of the IPO registrar, such as Karvy or Link Intime. Once the process of allocating shares is finished, they post the allocation status on their website.

Although the Zerodha website does not provide IPO allotment status, CDSL will notify you when IPO assigned shares are credited to your demat account.

Conclusion

Zerodha is one of the finest stock brokers at the moment in India. They are the most transparent stock broker and provide a great online trading platform at a reasonable brokerage fee. They are the fintech company in India that is expanding the fastest thanks to constant innovation and improvement.

They use a straightforward price structure for their services.

Regardless of the size of the deal, they charge 0.03% or INR20 for each executed order, whichever is lower. As a result, the customer only pays a maximum of INR20 in brokerage each trade.

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

Through their website or mobile app and using UPI as a payment method, Zerodha provides simple and practical online IPO application services. In the event that you lack a UPI ID or are having problems utilising UPI, you may also apply through the ASBA service.

Frequently Asked Questions

Can I apply for IPO in Kite app?

Yes. You can apply for IPO in Kite app and web versions by logging into Console.

Can I use the funds available in Zerodha Kite for IPO?

No. You cannot use the funds available in Zerodha Trading Account for applying in an IPO.

Can I apply for IPO on Saturday in Zerodha?

Yes. You can place your IPO application anytime between 10:00 AM on the issue opening day and 4:30 PM on the issue closing day. 

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