How to Apply for IPO From Zerodha?
Zerodha offers two ways to apply for IPOs: using the Kite mobile app or the Kite web platform. The steps are similar for both:
1. Using the Kite Mobile App
- Launch the Zerodha Kite app and log in to your account.
- Tap on the “Bids” tab and then select “IPO.”
- Choose the IPO you’re interested in from the ongoing list and tap “Apply.”
- Re-confirm your UPI ID and enter the number of shares (quantity) you wish to bid for at a specific price within the issue price range. Remember, the quantity needs to be a multiple of the lot size.
- Tick the undertaking box and swipe to submit the application.
- You’ll receive a notification to approve the mandate on your UPI app. Granting approval authorizes the debit for the IPO application amount.
2. Using the Kite Web Platform
- Log in to your Zerodha account on kite.zerodha.com.
- Click on “Bids” followed by “IPO.”
- Select “Apply” for the desired IPO.
- Choose your investor type (regular or existing shareholder/employee).
- Enter your UPI ID, desired quantity, and bidding price.
- Click “Submit” and approve the mandate on your UPI app.
How to Apply for IPO in Zerodha?
Investing in Initial Public Offerings (IPOs) can be an exciting way to participate in a company’s growth journey. Zerodha, a leading Indian brokerage firm, makes applying for IPOs a breeze through its user-friendly Kite platform. This article guides you through the process of applying for IPOs on Zerodha.
Before You Apply:
- Ensure you have a Zerodha account with a linked UPI ID. UPI is a digital payment method that simplifies the IPO application process.
- Familiarize yourself with the upcoming IPOs. You can find this information on Zerodha’s website [zerodha.com/ipo].