Want to know how to invest in ipo through zerodha? Well you have landed on the right article!
One of the largest Indian discount brokers, Zerodha provides online investment and trading options. After launching its online application services in August 2019 for IPO, Zerodha has become a market leader by the highest number of IPO applications.
Customers find it easy to apply for an IPO online through Zerodha. After getting a Zerodha Demat account, you access the Zerodha console platform and login tools like Zerodha Kite.
Do you have questions like whether it is mandatory to open a Demat account to apply to an IPO?
The simple answer is yes! It is mandatory as it helps ensure the safety of your investments and simplifies the procedure for your online IPO application.
Having an account with a stockbroker and a Demat account makes trading through their app hassle-free and simpler.
Let’s have deeper insights into applying and buying upcoming ipo zerodha.
How to Invest in IPO through Zerodha?
Here are the steps on how to invest in ipo zerodha:
1. One-time creation of UPI ID.
The payment gateway that Zerodha uses for online IPO applications is UPI (Unified Payments Interface).
You have to create one UPI ID through BHIM UPI or any other online app of other banks. This may be a bank where you have already opened an account like ICICI, HDFC, etc.
2. How to apply for IPO in Zerodha Console.
- Go to the Zerodha Kite Website platform. Log in your details and move further to the console tool (Zerodha back- Office).
Move to the portfolio section. - Go to the IPOs section.
- Choose the particular IPO from the given list and click on the apply button.
- Fill in the details like UPI ID, Price, and quantity.
- Submit the completed application.
3. Accept the UPI mandate request.
Later in the day, you will get a notification regarding the mandate request on BHIM or your net banking app.
Approve that instruction to create the mandate.
Steps to Invest in Zerodha Upcoming IPO without UPI
Only UPI-based applications are allowed for IPO. However, you can apply without UPI as well through ASBA net banking. Such a facility is available in banks like HDFC, ICICI, SBI, KOTAK, etc.
Provide your Zerodha account number to the company for crediting your account with the allotted IPO shares. All banks have their detailed IPO process. You can check the same for evaluating this option.
IPO timing zerodha:
Zerodha IPO window timings are from 10 am to 4:30 pm. You have an option to apply or modify these applications while an IPO is open. This can be done anytime during the window hours through the Zerodha console. If you want to delete the application, you can do that between 12 pm to 4:30 pm.
Zerodha IPO Charges
Here comes the best part! Zerodha IPO applications are free of charge. They offer zero brokerage charge equity delivery. Hence, there is no commission. However, there are some transaction charges and government taxes as well.
You have to pay them while selling your allotted IPO shares through the Zerodha platform.
How to check IPO status in Zerodha?
There is no option to check the IPO allotment status on Zerodha itself. However, you can check allotment status on IPO registrar websites like Karvy, Link Intime, etc. You need your pan number to check the status.
They publish the status only after the completion of the allotment process. You also receive an alert from CDSL to notify your account of being credited with the allotted shares.
IPO Through Zerodha- Final Thoughts
Zerodha provides an option for the online application of IPO service. This is done through a UPI payment gateway created through BHIM UPI or a net banking application. A legitimate way is a console tool and kite website platform.
The firm has its timings for application. It is continuously evolving and bringing innovation to its work. It aims to bring innovation in user experience through developing ideas for trading and investing.
You may have got a glimpse of how to buy ipo in zerodha and how simple the process is! Happy trading!
I hope you liked our article on how to invest in ipo through zerodha, if you have any comments or suggestions do share them in the comments below.
Frequently Asked Questions
1. How is IPO done?
You can apply for Zerodha IPO through various easy steps.
- Ensure that you have a UPI ID.
- Enter login details in Kite and move to the console.
- Go to the portfolio section and the IPOs list.
- Select the particular IPO and fill out the application form.
- Approve the UPI mandate creation request as and when it is received.
2. What is the cut-off price in an IPO?
The issuer company decides its cut-off price based on its demand during the IPOs when a price range is given. In this case, the retail investor applicants don’t have to choose a price.
They choose the cut-off option simply. The shares are allotted at a cut-off price. The retail investors get the shares at a price allocated to institutional investors.
3. Can we sell an IPO on a listing day?
You can sell an IPO on a listing day. However, in this case, the timings vary. You can place Sell orders from 9:00 am to 9:45 am only.
There is a frozen window as well from 9:45 to 9:59 am, during which no orders can be placed, modified, or canceled.
The normal IPO trading window opens at 10 am. You can place, modify or cancel new orders after 10 am.
4. Who decides IPO price?
The issuer company decides the IPO share price. This is done based on the demand for shares during an IPO. In this case, a price range is given.
