Learn the steps involved in applying for an IPO through India's largest broker, Zerodha.

Applying for an IPO through Zerodha If this is what you're thinking about, I have some encouraging information. Online IPO applications are available to Zerodha clients. If you have a Zerodha account, you can apply for an IPO through the Zerodha Console and pay with UPI (Unified Payment Interface). Users of Zerodha can submit an IPO application online using the Zerodha UPI app; however, the process is not as straightforward as applying for an ASBA IPO using a 3-in-1 account.

Zerodha launched its online IPO application services on January 6, 2019. Therefore, in terms of IPO applications, it has more than any other broker.

A lot of people have asked me how to apply for an IPO on Zerodha, so here it is!

Zerodha

Zerodha is currently the most innovative stock broker in India. Zerodha has invested heavily in technology with the goal of making trading and investing user-friendly, risk-free, fast, and cheap.

Zerodha has three different mobile apps available for download: Zerodha Kite, Zerodha Coin, and Zerodha Varsity. Traders using the Zerodha Kite app don't need to be in front of a computer. Consumers can get an education in the stock market with Zerodha Varsity, and online mutual fund investing is simplified with the Zerodha Coin App.

Zerodha has developed a proprietary trading platform along with trading tools, a back office, partner portals, discussion forums, and technical analysis tools for the express purpose of integrating with third-party application developers.

Technology is one of Zerodha's major selling points. The company has put in a lot of money to provide state-of-the-art proprietary trading systems. Zerodha also provides its users with access to numerous trading tools provided by third parties.

Learn the Steps to Apply for an IPO on Zerodha

How to apply for an Initial Public Offering (IPO) with Zerodha is detailed below.

Generating a UPI ID Once and for All

When applying for an IPO through Zerodha, you can use UPI as a payment option. Everything from setting up a UPI to purchasing an IPO on Zerodha will be covered here.

Customers of Zerodha must first generate a UPI ID if they do not already have one. A UPI ID can be set up through the BHIM UPI App or the online mobile banking app of any bank where you have an account, including ICICI and HDFC.

Zerodha Console is used for IPO applications.

• Access the Console (Zerodha's backend system) via the Zerodha Kite website login page.
• Choose Portfolio > IPOs
• Choose the IPO from the drop-down and hit the Apply button.
• Type in the UPI, quantity, and price to place an order.
• Send in your application

How to Use Zerodha for an IPO if You Don't Have an UPI

Zerodha also allows IPO applications without UPI. Using the ASBA net-banking services provided by your commercial bank, you can apply to have your assigned IPO shares credited to your Zerodha demat account.  

UPI Payment for Initial Public Offering Investors

To the Zerodha Kite

Zerodha's Kite trading platform checks all the boxes for being convenient, mobile, and powerful. Kite, a homegrown trading app, is the best option for novices on the Indian stock market.

Zerodha is one of the few brokers to tackle the challenge of building bespoke tools to serve novices, high-frequency traders, and algorithmic traders.

Kite is loaded with features that are necessary for a professional trader, such as a comprehensive market monitor, detailed charts with over a hundred indicators, and advanced order types (cover orders and GTT orders).

Kite Platform Essentials

Kite is a multilingual product, available for purchase in eleven different spoken varieties.

Kite Web's mobile-friendly layout means it's optimized for use on any web browser.

Instantaneous money transfers and withdrawals

Zerodha's Kite mobile app has these ten great features.

Every feature of Kite Web can be accessed from the trading app on your mobile device. The main functions of the Zerodha app are as follows:

• Similar to the Kite Web interface, the IPO application process can be accessed in the Kite app via the Console.
• Making a deal over an iPad, tablet, or smartphone
• Delivery of Equity Trading
• Exchange of Stocks During the Day
• Fair and Open (F&O) Market for Equity Derivatives Trading
• Contracts for Difference (F&O) Trading in Currencies
• Speculating on the Price of a Commodity Using Futures and Options
• Cover, GTT, and AMO can be pre-ordered.
• Keep tabs on the market with real-time pricing
• There are 5 lists of scripts to keep an eye on the market for, and each one has 20 titles.
• Market depth information at the level 20, or data at the level 3
• Diagrams depicting time and featuring more than a hundred indicators
• True market liquidity (five bids and offers).
• Check your equity and commodity account balance, margin utilization, and margin exposure, and make transfers between your accounts online.
• To organize your investments, create separate sections for each of your positions and holdings.

Title of the IPO under Zerodha's DP

IPO Zerodha DP is Zerodha Broking Limited. In order to be granted stock on an IPO application, depository (DP or demat account) details are needed. Depository details include the DP ID, DP Name, and Client ID. Information like your name, address, and date of birth are taken directly from your UPI profile when you apply for an IPO.  

When applying through an alternative channel (such as ASBA Net banking or the telephone), you'll need to provide the Zerodha DP details in order to have shares credited to your Zerodha Demat account.

In the Console, go to Profile >> Demat to view your Zerodha DP details.

IPO application related DP details for Zerodha:

• CDSL: Depositary
• Indicative Price Zerodha Broking Limited DP
• DP ID : 12081600
• An eight-digit number, starting with 99999999, is used to identify each client or business organization.
• Our Demat ID is 1208160099999999 (DP ID + Client ID).

IPO Schedule for Zerodha

The IPO window in Zerodha is open from 10 AM to 4 PM. 30 PM You can apply for or modify an IPO application at any time during the IPO period using the Zerodha Console. If you decide you no longer want to pursue an IPO, you have until 4:30 p.m. to withdraw your application.

Fees for the Zerodha IPO

The Zerodha IPO application service is free of charge. Zerodha does not charge its customers anything to participate in an initial public offering (IPO), but you will need to have an account with them. Zerodha does not charge a brokerage fee for buying stocks or mutual funds. All intraday, F&O, currency, and commodity trades executed through Zerodha on the NSE, BSE, and MCX cost a flat rate of INR20.

Checking My Allotment for the Zerodha IPO

The Zerodha Initial Public Offering (IPO) registrar has a website where you can check on its progress. The IPO registrar, such as Karvy or Link Intime, is responsible for allotting IPO shares. Once they have completed the allocation process, the allocation status will be updated on their website.

You can't check your IPO allotment status on the Zerodha website, but CDSL will let you know when assigned shares have been deposited into your demat account.

Conclusion

Zerodha is currently among India's best stock brokers. They have the best online trading platform for a low commission, and they are the most honest stock broker around. As a result of their dedication to innovation and improvement, they have quickly become the leading fintech firm in India.

Their service pricing is simple and straightforward.

There is no fee, no matter the size of the transaction. Order execution fees are 0.03% or 20 Indian Rupees, whichever is less. Therefore, the maximum brokerage fee a client has to pay per trade is INR20.

To apply for an IPO through Zerodha, we hope you found the information you were looking for here. Leave your feedback in the section below.

Zerodha's website and mobile app offer convenient and easy to use online IPO application services that accept payments via UPI. You can also apply via the ASBA service if you don't have a UPI ID or if you're having trouble with UPI.

Common Queries