How to Apply for IPO in Zerodha – Complete Process Explained

It was a quiet Sunday afternoon when Ravi noticed a notification on his phone: Tata Tech IPO opens tomorrow – Apply via Zerodha. Intrigued but confused, he asked his friend, Nikhil, “What’s an IPO, and how do I even apply through Zerodha?”

Nikhil, who had been investing for two years, smiled and said, “It’s easier than you think. Let me walk you through it.”

This blog captures their journey and offers you a complete guide to applying for IPOs using Zerodha, even if you’ve never done it before.

What is an IPO, and why do people apply?

An IPO, or Initial Public Offering, is when a private company offers shares to the public for the first time. Investors like Ravi apply in hopes of making listing gains or building long-term portfolios.

Why Choose Zerodha to Apply for IPOs?

Ravi asked, “Why should I use Zerodha and not some bank’s portal?”

Nikhil explained, “Because Zerodha is seamless, quick, and linked to your demat account. No paperwork and it takes less than 5 minutes.”

Here are some reasons:

Eligibility to Apply for IPO on Zerodha

Before applying, Ravi checked if he was eligible. Here's the eligibility checklist Nikhil shared with him:

Step-by-Step Process: How to Apply for IPO in Zerodha (Web)

Ravi used Zerodha’s Console platform to apply. Here’s how:

1. Visit https://console.zerodha.com and log in using Kite credentials.
2. Go to Portfolio > IPO.
3. You’ll see a list of open IPOs. Click on ‘Apply’ next to the IPO you want.
4. Enter your UPI ID (linked with your bank).
5. Enter the number of lots (e.g., 1 lot = 13 shares).
6. Choose the Cut-off Price if unsure about the bid price.
7. Tick the terms and conditions checkbox and click Submit.
8. You will receive a UPI request on your UPI app.
9. Approve the request within the deadline (often till 5 PM on the issue closing day).
   
   

How Much Can You Apply For? Understanding Investment Limits

As a retail investor, Ravi could only invest up to ₹2,00,000 in a single IPO application.

UPI Mandate Approval Process

Ravi’s application wasn’t complete until he approved the mandate on his UPI app.

Steps to Approve UPI Mandate:

1. Open the UPI app (Google Pay, PhonePe, BHIM).
2. Go to ‘Pending UPI Mandates.’
3. You’ll see an IPO block request.
4. Approve it before the IPO closes.

5. The amount is blocked, not deducted.

    

How to Track IPO Application Status

Nikhil told Ravi that the application confirmation comes from NSE, BSE, and the UPI app. Here’s how he tracked it:

Useful Registrar Sites:

• https://www.linkintime.co.in
• https://www.kfintech.com

Conclusion

Ravi's direction from curiosity to confidently applying for the Tata Tech IPO shows Zerodha's user-friendly and seamless IPO procedure. Anyone with a Zerodha demat account and a UPI ID can begin investing in India's thriving IPO market, without the need for paperwork or middlemen. Whether you are looking for short-term gains or long-term investments, Zerodha's Console makes IPO investing simple with a few clicks. So the next time you see an IPO notification, don't swipe it away. Log in, apply, and build your wealth wisely.

FAQs

Can I apply for an IPO on Zerodha with a mobile app?

IPOs can only be viewed on the Kite app. To apply, you must use the Zerodha Console Web Portal.

What is the minimum investment required to apply for an IPO on Zerodha?

The minimum investment varies by lot size and IPO price. For instance, if one lot equals 13 shares and costs ₹500, the minimum investment is ₹6,500.

What happens if I do not approve the UPI mandate?

Your IPO application will be automatically terminated. Make sure it's approved before 5 p.m. on the IPO's closing day.

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LoansJagat Team

We are a team of writers, editors, and proofreaders with 15+ years of experience in the finance field. We are your personal finance gurus! But, we will explain everything in simplified language. Our aim is to make personal and business finance easier for you. While we help you upgrade your financial knowledge, why don't you read some of our blogs?