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Zerodha IPO Review


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Zerodha is India's leading stockbroker offering online trading and investment services to retail customers. Zerodha is a pioneer of the discount brokerage service in India. Zerodha offers brokerage-free delivery trades and Mutual Fund investment. For all other segments, they charge flat ₹20 per executed order, irrespective of the trade size.

Zerodha offers online IPO applications. Zerodha customers can apply in IPO using UPI (Unified Payment Interface) through it's back-office Zerodha Console. While the process is not as easy as ASBA IPO application through the 3-in-1 account, the Zerodha UPI IPO application offers an option to Zerodha customers to apply in IPO online.

Zerodha launched an Online IPO application on Aug 6, 2019. Since then it becomes the largest broker by the number of IPO applications being applied.


Zerodha IPO Apply

Applying in IPO through Zerodha is simple and convenient. It's a 3 step process:

  1. Create UPI ID on BHIM UPI app (One Time)
  2. Apply on Console using your UPI ID
  3. Check mandate notification on BHIM UPI app and approve with UPI PIN

Zerodha IPO Steps

Zerodha IPO application process (step by step guide) is described as below:

1. UPI ID Creation (One Time)

Zerodha offer IPO application through UPI. Read UPI for IPO Application (Unified Payments Interface for IPO) for more detail.

Zerodha customer first has to create a UPI ID, if they don't have one. UPI ID can be created using BHIM UPI App or using the online mobile banking app of any bank including ICICI, HDFC where you hold your account.

2. Apply in IPO using Zerodha Console

  • Login to Zerodha Kite and go to Console (Zerodha Back-office)
  • Go to Portfolio > IPOs
  • Select the IPO from the list and click Apply
  • Enter your UPI ID, quantity and price
  • Submit the application

3. Accept the UPI Mandate

  • After a few hours (usually end of the day), you will receive a mandate request on your UPI app (either BHIM or your net banking App)
  • Approve the standing instruction (mandate).

Zerodha IPO Allotment Status

Zerodha IPO status check can be done from the IPO registrar's website. Registrar of the IPO (i.e. Karvy, Link Intime) is responsible for IPO share allotment. They publish the allotment status on their website once the allotment is done.

While IPO allotment status is not available on the Zerodha website, you get an alert from CDSL when IPO allocated shares are credited in your demat account.

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.

Frequently Asked Questions

  1. 1. Does Zerodha have IPO?

    Yes, Zerodha offers IPO since Aug 2019 through UPI as a payment method. Once you setup your UPI ID, it's convenient to apply in IPO through Zerodha Console.

    Visit Zerodha IPO Review page for more detail.

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  2. 2. Does Zerodha offer IPOs?

    Yes, Zerodha provides an online IPO application service using UPI as a payment gateway. Zerodha customers can apply for an IPO online from within Console and pay using any UPI 2.0 enabled app. You need to take the following steps to apply for IPOs online with Zerodha:

    1. Login to Console, click on the 'Portfolio' menu and select 'IPO'.
    2. Choose the IPO you want to apply for from the list
    3. Enter your UPI ID
    4. Enter bid details like price, quantity, etc. and Click Submit
    5. You will receive a 'Mandate' request on your UPI app, click 'Proceed' and you're done.

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  3. 3. Does Zerodha allow IPO?

    Yes, Zerodha allows its customers to apply for IPO online from Zerodha Console website. The investment amount needs to be paid using a UPI 2.0 enabled app. Here are the steps to apply in an IPO:

    1. Login to the Zerodha Kite website.
    2. Go to Console >> Portfolio >> IPO.
    3. Choose the IPO you want to apply for from the list
    4. Enter your UPI ID and enter bid details like price, quantity, etc.
    5. Check the details and Click Submit
    6. You will receive a 'Mandate' request on your UPI app by the end of the day, click 'Proceed' and you're done.

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  4. 4. How to apply in IPO through Zerodha?

    Zerodha customers can apply in IPO in 4 easy steps. Before applying in IPO, please make sure that you have a UPI id.

    1. Login to Kite and go to Console
    2. In Console, go to Portfolio > IPOs
    3. Select IPO and fill the application form
    4. Approve the mandate in the UPI app, when it is received (usually by end of the day).

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  5. 5. What are Zerodha IPO charges?

    Zerodha doesn't charge any fee for applying in IPO. As Zerodha offers brokerage-free equity delivery trades, they don't charge any commission when you sell allocated IPO shares through Zerodha.

    Note: When selling IPO shares through Zerodha, you still have to pay government taxes and demat debit transaction changes.

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  6. 6. How to check the status of IPO through Zerodha?

    Zerodha doesn't provide IPO application status on its website. Visit the website of the registrar of the IPO (i.e. Karvy, Link Intime) to check the allotment status. You have to enter your PAN number to check the status.

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  7. 7. How to apply in Zerodha IPO without UPI?

    Zerodha offers only UPI based IPO application. If you do not have UPI, you could create it for free from your banking mobile app (i.e. ICICI, HDFC) or BHIM UPI app. Creating UPI is a simple process.

    Alternatively, you could apply in IPO's using the net banking of the bank where you have an account. Steps to apply in IPO using net banking are provided below:

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  8. 8. What is Zerodha IPO Cutoff Price?

    The IPO Cut-off Price is the price of a share decided by the issuer company based on the demand of its share during the IPOs where the range of price is given.

    An option is given to retail investors to apply at a cut-off price in IPOs. This means the IPO applicant doesn't have to choose a price. They can simply choose the 'cut-off' option and the shares are allocated at the cut-off price.

    For example; a company came up with an IPO with a price range of Rs 80 to Rs 90. Instead of choosing a number between 80 and 90, a retail investor can choose Cut-off. In this case, the investor will get the shares based on the price at which shares are allocated in other categories i.e. Institutional investors.

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  9. 9. What if the Zerodha IPO Mandate is not working?

    Once you submit the IPO application in Zerodha Console, you should get a mandate in the UPI app to approve. It takes up to 24 hours to get the mandate. The process of getting the mandate to approve payment is not instant. The IPO application completes only when you approve the UPI transaction (mandate).

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  10. 10. How to buy an IPO via Zerodha?

    To buy IPO via Zerodha follow 3 steps:

    1. Get a UPI ID
    2. Visit Zerodha Console > Portfolio > IPO to apply
    3. Approve the UPI mandate in the mobile App.

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  11. 11. Is IPO Investment can be possible with Zerodha?

    Yes. Zerodha offers online IPO investment using UPI as a payment gateway. You could also apply in an IPO using your Zerodha demat account and ASBA facility offered by any bank like ICICI, HDFC or Axis where you have an account.

    Visit Zerodha IPO Review page for more detail.

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Information on this page was last updated on Tuesday, May 26, 2020


1 Comments

Avinash
1. Avinash  Apr 19, 2018 08:58 I Like It. | I Don't Like It. | Report Abuse 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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