How to apply for IPO in shareholder quota with Zerodha?

Zerodha allows investors to apply for an IPO under the shareholder quota. Some IPOs may reserve a percentage of IPO issue size reserved to be applied for shareholders.

If you are an existing shareholder in the company, you can subscribe to the IPO under the shareholder quota. Here is how to apply for an IPO under shareholder quota;

1. Log in to the Zerodha Kite.
2. On the top, go to the bids option, and click on IPO.
3. The page will display all the open IPOs.
4. Now, tap on the “Apply” option of your choice of IPO and select investor type as “Existing shareholder.
5. Enter your UPI ID, bid quantity, and price, or apply at the cut-off price.
6. Tap on submit to place the IPO bid successfully on the exchange.
7. That’s done! You have successfully applied for the IPO under the shareholder category.