Does Zerodha provides both the NSE SME and BSE SME IPOs?

Question

Does Zerodha provides both the NSE SME and BSE SME IPOs?

Accepted Answer · 2022-12-03

Yes, Zerodha allows customers to apply for both the BSE SME and NSE SME IPO. If you are having a Demat & trading account with Zerodha, then you can apply for SME IPO online through UPI payment gateway on the Console back office platform. The process to invest in SME IPO is exactly the same as the mainboard IPO.

Steps to apply for SME IPO in Zerodha;

Log in to the Zerodha account on the Kite platform.
Under the “Menu”, go to the “console” option.
Under the “Portfolio” tab, click on the “IPO”
You will see a list of current and upcoming mainboard and SME IPOs.
Click on the “Apply” option respective to the SME IPO of your choice.
Enter lot size, and price, and provide a valid UPI ID that is linked to your bank account.
Accept the terms & conditions, and submit the SME IPO application order.
Authorize the payment request on the UPI app.
Once done, the IPO application order will be placed.
The SME IPO application amount remains blocked in your account till the date of allotment. On allotment, if you got the IPO shares, funds will be debited or in case of rejection, funds will be revoked and unfreeze.

Does Zerodha provides both the NSE SME and BSE SME IPOs?

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