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Zerodha started offering an online IPO investment facility in 2019. Any Zerodha client can apply IPO online with UPI through Zerodha console platform. To invest in IPO with Zerodha, there need to be a registered accont on any BHIM UPI app and it must be linked with the same bank account.
With free delivery trading, the broker offers a free IPO investment facility at zero charges. Scroll the page further to know the current and upcoming IPOs, Zerodha IPO investment process (with UPI and without UPI), charges, IPO allotment status, and more.
Here are the two ways to buy IPO with Zerodha:
The UPI-based online IPO investment process is a very easy, simple, and direct method. If you are a registered BHIM UPI app user then you can invest in IPO online through Zerodha console.
Steps to apply in Zerodha IPO through UPI:
Detailed process on apply IPO online through Zerodha Console using UPI
If you don’t use UPI then ASBA is the process to invest in IPO without UPI. In this process, you can buy IPO through your respective net banking portal. Before UPI method, ASBA was the only process to purchase IPO with any broker. In this process, Zerodha demat account number and other details are needed so that allotted IPO shares are credited to your demat accont with Zerodha.
Steps to invest in Zerodha IPO without UPI
As Zerodha offers zero brokerage delivery trading, therefore, online IPO investment with Zerodha is Free. The broker doesn’t charge any fee or brokerage on IPO applications from its customers.
You can’t check the IPO allotment status online with Zerodha, but whenever an IPO allotment is finalized, you will be notified of the IPO allotment status on your registered email. Zerodha IPO status can also be checked on the registrar’s website.
Steps to check Zerodha IPO status:
Last Updated on 28th Mar 2024
Yes, IPOs can be applied through Zerodha -Console using your UPI ID. Now you can also apply the same from your Kite page too.
You have to apply by providing the virtual UPI ID of the NPCI-supported UPI apps. You can check the list here.
If you don’t have a UPI ID, then you can apply for IPO through the net banking ASBA process. ASBA is a process of applying for IPOs through your internet banking, where the funds are blocked for IPOs/Rights issues/FPO etc.
The details that will be asked by the net banking ASBA can be found by visiting console.zerodha.com/account/demat.
Once you apply for the IPO, you will receive an email with application details from NSE. The application number will be mentioned there in the sms.
Yes, you can invest in IPO through your KITE mobile APP. To apply through your KITE app, follow the steps mentioned below.
Once you receive the allotment of any IPO, the shares will be credited into your Zerodha Demat account. You will be able to see it in your KITE app holding on the listing date. You can sell these allotted shares as any other holding shares.
Yes, you can cancel the IPO application, which you have already applied. Follow the steps mentioned below to cancel the application.
Applications can be cancelled during the 12PM to 4.30PM , when the IPO window is open. Once the application window is closed, you can’t cancel your existing application.
Zerodha doesn’t provide an online IPO allotment status check facility. To check the status, you have to visit the IPO registrar’s website and check the allotment status by providing a PAN number or DP ID, or IPO application number.
Yes, Zerodha provides you the facility to apply for the IPO. It can be applied through Zerodha-Console using your UPI ID. Now you can also apply the same from your Kite page too.