[Guide] How To Invest In Ipo Through Zerodha

Zerodha, one of the biggest discount brokers in India, offers online trading and investment opportunities. Following the debut of its online application services for IPOs in August 2019, Zerodha has surged to the top of the market in terms of IPO applications.
Through Zerodha, customers may easily submit an online IPO application. You can access the Zerodha interface platform and login tools like Zerodha Kite after you have a Zerodha Demat account.
Do you have concerns, such as whether a Demat account must be opened in order to apply for an IPO?
Yes is the clear answer! It is required since it streamlines the process for your online IPO application and helps safeguard the security of your money.
Trading with their app is hassle-free and easier if you have a Demat account and a brokerage account.
Let’s get more information on purchasing and applying for the next ipo zerodha.

To apply for an IPO, first

Obviously, if you wish to apply to IPOs with Zerodha, you’ll need a Zerodha account. Here is a full blog post on how to open your Zerodha Demat and Trading account if you haven’t already done so. Otherwise, you can open an account by clicking on this direct link for convenience.
You also require a UPI account. And it’s nothing new either. Nowadays, everyone uses UPI to send money quickly and securely. Use apps like Phonepe, Google Pay, Bhim, iMobile by ICICI, etc. as examples. Here is a link to banks and UPI apps that support IPO payment.

How to Make an IPO Investment Using Zerodha?

The following are the steps for investing in Ipo Zerodha:

1. The creation of a UPI ID only once.

Zerodha utilizes UPI as its payment channel for online IPO applications (Unified Payments Interface).
Through BHIM UPI or any online bank app, you must generate a single UPI ID. This could be a bank like ICICI, HDFC, etc. where you already have an account.

2. Using the Zerodha Console to submit an IPO application.

Visit the platform for the Zerodha Kite website. Enter your information, then proceed to the console tool (Zerodha back- Office).

  • Go to the portfolio area.
  • Visit the section on IPOs.
  • Select the desired IPO from the list and press the “Apply” button.
  • Include information such as the UPI ID, price, and quantity.
  • Send in the application that is finished.

3. Grant the request for the UPI mandate.

You will receive a notification about the mandate request on BHIM or your net banking app later in the day.
Accept that direction to establish the mandate.

Your UPI app will block the IPO funds in your bank account until the date of allotment after you accept the payment request. As soon as the exchange receives your application, you’ll get an SMS.
If you receive IPO shares, the money will be taken out of your account and credited to your demat account as shares. On the other hand, blocked funds are released on the day of the payment if shares are not allotted. More information about the procedure for distributing IPO shares to retail investors can be found here.
Just that. This is exactly how to apply for an IPO using a Zerodha Account, step by step.

IPO via Zerodha

Zerodha offers a method for submitting an IPO service application online. This is accomplished using a net banking application or a UPI payment gateway made possible by BHIM UPI. A console tool and the kite website platform are acceptable methods.
The company has application deadlines. It is constantly changing and innovating in its work. It seeks to innovate the user experience by creating concepts for trading and investing.
You may have already seen how easy it is to purchase an IPO on Zerodha. Cheers to trading!
If you have any feedback or suggestions, please leave them in the comments section below. I hope you enjoyed our article on how to invest in IPOs through Zerodha.

How to Invest in Zerodha: The Steps Future IPO without UPI

For IPO, only UPI-based applications are accepted. However, you can use ASBA net banking to apply without using UPI as well. Banks like HDFC, ICICI, SBI, KOTAK, etc. offer this service.
To have the company credit your account with the allocated IPO shares, give them your Zerodha account number. Each bank has a specific IPO process. You can examine the same to assess this option.

Time of Zerodha’s IPO:

The IPO window for Zerodha is open from 10 am to 4:30 pm. While an IPO is open, you have the choice to apply or modify these applications. Through the Zerodha console, this can be done at any time during the window hours. You can delete the application between the hours of 12 and 4:30 if you want to.

Fees for the Zerodha IPO

Finally, the best part! Applications for the Zerodha IPO are free. They provide delivery of equity with no brokerage fees. There is no commission as a result. But there are also some transaction fees and government taxes.
When you sell your allotted IPO shares via the Zerodha platform, you must pay them.

Final Thoughts

To give its customers better trading and investing options, Zerodha innovates constantly. The process for applying for an IPO has greatly simplified. Without a doubt, you ought to look into it. If you have any trouble applying for an IPO using your Zerodha account, please comment below. Invest wisely!

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