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How to apply online IPOs with Zerodha?

According to new updates by SEBI, it is now mandatory for all IPOs to be supported by UPI 2.0. So now investors can directly apply in IPOs from the broker’s site.

Zerodha has taken a quick reaction on the new opportunity to integrate UPI payment gateway with online IPO application. Zerodha is now facilitating its clients to apply in IPOs using their back-office dashboard Console and UPI ID.

Steps to apply in IPOs using UPI and Zerodha Console (back-office platform) :

  1. Install UPI 2.0 enabled app.

  2. Login to Console and select ‘IPO’ in the ‘Portfolio’ menu.

  3. Zerodha Console Apply IPO Online
  4. Select the IPO you want to apply for from the list of open issues.

  5. How to apply in IPO with Zerodha
  6. Check the details of the offer, like open date, close date, issue size, lot size, and DRHP for the IPO selected.

  7. Enter your UPI ID linked to your bank account.

  8. Zerodha Online IPO with UPI
  9. Place your bid(s) only in the multiples of lot size.

  10. Now click on the checkbox for the cut-off price, if you wish to apply at the cut-off price.

  11. For placing a bid at any other price, enter a price in the ‘Price’ field.

  12. Check the agreement at the end and submit.

  13. Zerodha Online IPO Submission
  14. Next, you will receive a mandate request on your UPI app in few hours.

  15. Accept the mandate. This will block the funds required for the application in your bank account until the date of allotment (2 days before the listing date).

  16. UPI Mandate Approval Process
  17. If you receive an allotment, the money is debited from your bank account and shares are credited to your demat account.

  18. If you don’t receive an allotment, the blocked funds are released on the date of allotment.

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User Reviews

6. Gayathri Boddeti Mar 11 2021 01:33:03 PM Reply
I didn''t find laxmi organics ipo in zerodha? Is there any reason for it
6.1. a Mar 12 2021 09:59:59 AM
Usually Zerodha activate the IPO on issue open date. You need to wait for Issue opening date.
5. Vivek darekar Nov 26 2019 12:48:11 PM Reply
Hi Team -

I applied IPO with Zerodha Platform, not yet received UPI Mandate. What to do?
5.1. Jai Ram yadav Sep 12 2020 10:01:19 PM
Sir I applied ipo with zerodha platform not yet received upi mandate what to do
5.2. Team InvestorGain Sep 13 2020 07:41:54 PM
Hello Sir,

Let us explain you the process how UPI based IPO application work -

1: Application through any broker's website with UPI information.
2: Your broker submits your application to BSE platform within minutes.
3: Now BSE sends request to the UPI platform for blocking the funds.
4: UPI platform sends the mandate to client usually this process takes between 30 mins to 24 hrs.
5: You accept the mandate via your UPI mobile app - this can be your net banking app or BHIM app.
6: UPI platform response back to BSE platform.
7: After confirmation from UPI platform your application get accepted. You will get email from BSE with application number.

As you can see, your broker (Zerodha, Upstox, Edelweiss, Prostocks) role is just to take your application and submit to BSE. In that case maximum time broker submits your application on runtime or max 30 minute window. After that all its between BSE and UPI platform. That is a big black box when you apply your application via UPI.

If you have not received UPI mandate from your UPI provider, in that case your application is not submitted to BSE for further processing.

Advice: In case you are planning to apply via UPI, please apply IPO on day one, so you can make sure if you have not received UPI mandate by next day, you can use the safest way which is ASBA.

4. Venkatesha M Nov 25 2019 10:20:48 PM Reply
If amount having in demat wallet how to buy IPO shares pls suggest

Regards . venkatesh
Zerodha customer
4.1. Komal Bhalge Nov 26 2019 10:48:21 AM
Demat is like an account where you store all your stock holdings. It is not a type of account to withdraw or deposit any money amount. You need to fund your IPO Application through your net banking account where you need to either choose UPI mode of payment or ASBA process for blocking the application amount. You need to provide your demat details with Zerodha in the IPO application form to receive the allocated shares (if you get) through IPO allotment.
3. Kunal Bansal Sep 30 2019 03:28:01 PM Reply
Good and quick initiative, I have two accounts with zerodha and it's very easy now to apply in IPO. Still struggling with my parent's account which is with other brokers.
2. Sachin Dad Sep 28 2019 02:30:18 PM Reply
Long-awaited feature, great now we can apply in IPO online with Zerodha. Keep it up team Zerodha.

More IPO Questions...

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  1. How to apply IPO in Employee Quota with Zerodha?
  2. How to apply for IPO in shareholder quota with Zerodha?
  3. Is IPO allotment done on first come, first serve basis?
  4. What is the difference between Right Issue and FPO?
  5. Does Zerodha provides both the NSE SME and BSE SME IPOs?
  6. How can I apply SME IPO for Minor?
  7. How to apply in SME IPO?
  8. What is third-party UPI application?
  9. Which category of investors, HNI or retail has a better chance of IPO allotment?
  10. Does HDFC bank ASBA accept Third party IPO applications?
  11. How to apply in SME IPO from Angel One?
  12. How to Apply IPO in the Big HNI Category?
  13. How to apply ASBA IPO using SBI YONO?
  14. Can I apply NSE SME IPO with Zerodha?
  15. Can I apply BSE SME IPO with Zerodha?
  16. How many IPO application I can apply with SBI ASBA?
  17. Which Bank allows multiple IPO applications via ASBA?
  18. Can I sell the IPO alloted shares from minor's demat account?
  19. Can I apply in IPO for myself and my child both?
  20. Can a minor invest in IPO?
  21. Which is the quickest way to know IPO allotment Status?
  22. Which Banks allow 5 ASBA IPO Applications?
  23. What is the Primary Market and the Secondary Market in terms of IPO investment?
  24. What is IPO Issue Price or Final Price?
  25. What is the cut-off price in IPO?
  26. What is the basis of allotment in the Retail Individual Investor (RII) category?
  27. What is an IPO lot size or bid lot?
  28. What is IPO price discovery?
  29. What is the IPO Floor Price and Cap Price?
  30. What is the difference between IPO Fixed Price Issue and Book Building Issue?
  31. What is the process followed in the Book Building Issue in IPO?
  32. What are the different types of Investor categories in IPO?
  33. What is the IPO price band?
  34. How to apply online IPOs with Zerodha?

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