How to Apply For IPO in Zerodha?

Last updated on December 27, 2023

If you are wondering how to apply for IPO in Zerodha, we’ve got some great news for you. Zerodha’s customers can now conveniently submit their IPO applications online. By utilizing the Zerodha Console website, users can easily apply for an IPO using the Unified Payment Interface (UPI). While the process may not be as straightforward as applying for an ASBA IPO through a 3-in-1 account, Zerodha offers its users the flexibility of applying for an IPO online using the Zerodha UPI application.

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 for IPO in Zerodha, here is a guide on that.

Zerodha: Revolutionizing the Indian Stock Market with Cutting-Edge Technology

In the fast-paced world of finance, Zerodha stands tall as the most cutting-edge stock broker in India. With a strategic focus on technological advancements, Zerodha revolutionizes the trading and investing landscape by offering simplicity, security, speed, and unparalleled affordability.

The Zerodha Mobile Apps: Empowering Trading and Learning

Zerodha caters to its customers through a range of innovative mobile apps, including Zerodha Kite, Zerodha Coin, and Zerodha Varsity. The Zerodha Kite app enables seamless trading from any location, empowering users to make informed decisions on the go. For those keen on mastering the stock market, Zerodha Varsity provides a wealth of educational resources and insights.

Investing Made Easier with Zerodha Coin App

The Zerodha Coin App simplifies the process of investing in mutual funds online. With user-friendly features and a secure interface, customers can effortlessly manage their mutual fund investments, expanding their financial portfolio with ease.

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.

The Power of Technology: Zerodha’s USP

At the heart of Zerodha’s success lies its unwavering focus on technology. The company has made significant investments in developing cutting-edge proprietary trading systems. By harnessing the power of technology, Zerodha empowers its customers with efficient and reliable trading solutions. Furthermore, Zerodha grants access to a diverse range of third-party trading tools, providing traders with the flexibility to optimize their strategies.

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 an IPO through Zerodha:

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 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

• 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.

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: A Powerful Trading Platform

Zerodha offers its users the Kite trading platform, which is user-friendly, portable, and robust. Built in-house, Kite is one of the easiest and most efficient trading apps available in the Indian stock market. With a range of tools catering to novice, high-frequency, and algorithmic traders, Kite provides a comprehensive trading experience. Some key features of Kite include:

• 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.

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.

Zerodha DP Name for IPO Application

When applying for an IPO through Zerodha, it’s essential to provide the correct DP (Depository) information to ensure smooth stock credit into your demat account. Zerodha Broking Limited is the designated DP name for IPO applications with Zerodha. If you apply for an IPO via UPI, the DP ID, DP Name, and Client ID will automatically be retrieved from your profile, streamlining the process.

However, if you apply through any other channel, such as offline or ASBA Net banking, you must manually provide Zerodha’s DP information to receive the credit of shares into your Zerodha Demat account.

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 offers a well-defined IPO window for investors looking to seize opportunities in the stock market. The IPO window remains active from 10 AM to 4.30 PM, providing ample time for investors to participate. One of the key advantages of the Zerodha platform is that investors can apply for or modify their IPO applications at any moment through the user-friendly Zerodha Console. Additionally, if investors change their minds and wish to remove their IPO application, they have the flexibility to do so between 12 PM and 4:30 PM.

Exploring 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

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.

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 for each trade.

We hope this article provided you with the answer to 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 utilizing UPI, you may also apply through the ASBA service.

How to Apply for IPO in Zerodha Frequently Asked Questions