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Zerodha IPO Review


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Zerodha is a Bangalore based financial service provider offering online trading and investment services to retail and institutional customers in India. Zerodha launched its discount brokerage service on 15th Aug 2016.

Zerodha offers 2-in-1 (trading and demat) account combo with trading services at BSE, NSE and MCX. The segments offered by Zerodha for trading includes Equity, Equity F&O, Currency F&O and Commodities. Zerodha also offer Mutual Funds as an investment option.

Zerodha is popular of its Flat Fee Trading plan. It charges flat ₹20 per trade for trades of any size, segment or exchange.

IPO through Zerodha

Zerodha doesn't offer Initial Public Offers (IPO) though it's online trading platform. Zerodha customers can not apply in an IPO through Zerodha.

If you are a Zerodha customer and do not have accounts with any other broker who offers online IPO, you have two options;

  1. Open an account with a traditional broker (i.e. ICICI Direct, Sharekhan) offering online IPO. Once shares are allocate you though IPO, you could transfer them offline to Zerodha linked demat account to sell though Zerodha.
  2. Download the IPO application form (pdf) from BSE or NSE website, fill them and submit them to the authorized bank branches listed in the application.

Why Zerodha doesn't offer IPO?  

Zerodha is a discount broker, a business model which runs on a very low margin. To keep the cost low, Zerodha doesn't offer many add-on services in comparison to traditional stock brokers who changes as high as 90% on brokerage.

Some of the key add-on services which Zerodha do not offer (or most discount brokers in the same category doesn't offer) includes Initial Public Offer (IPO), Margin Funding, Corporate FDs, Stock Research and Recommendations, Portfolio Management Services (PMS) and Investor Advisory.

Read Why discount brokers doesn't offer IPO, Bond, NCD and Mutual Funds?

Zerodha Special Offer

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.

Contact Zerodha / Request Call Back

Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

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Zerodha Competitors Review

Information on this page was last updated on Thursday, November 14, 2019


1 Comments

Avinash
1. Avinash  Apr 19, 2018 08:58 Reply
Please I open demat account in zerodha but my sbi account open only one month so required six months bank details in zerodha demat account opening please answer my question

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