Zerodha IPO Apply (UPI process, Charges, More)

Want to change or modify your Zerodha IPO application? follow these steps:

• Log in to your Zerodha account on Kite.
• Tap on Bids >>> IPO.
• Select Applied option.
• Choose the IPO, tap on the Modify option.
• Make the required changes i.e., edit quantity or price.
• Submit the order.

If modified IPO application is for a higher amount, you will receive a new mandate for the additional amount.

There can be multiple reasons for Zerodha IPO application rejection such as:

• If you did not approve the mandate, it will not be a valid application.
• Incorrect UPI ID: HNIs IPO applications once submitted, cannot be cancelled even to correct the UPI ID.
• Mandate rejected: Sometimes approved mandate can get cancelled due to technical issues at the exchange or the sponsor bank.
• Multiple IPO orders are submitted with same PAN, the exchange will cancel all of them.

You can sell IPO shares in Zerodha kite online on the listing day or after that.

If you receive IPO allotment, shares are credited to your Zerodha Demat account. You can sell them by placing a sell order just like other shares.

Steps to sell IPO shares in Zerodha Kite:

1. Login to the Kite.
2. Navigate Portfolio Tab.
3. Select the IPO, and click on Exit option
4. Enter order details:
   • Order type: Market or Limit order
   • Price: Specify price, in case of limit orders.
   • Quantity: You can sell shares either in full or part.
5. Review and submit the order.

Log in to the Zerodha trading account and follow these steps to cancel/withdraw/delete IPO order:

1. Log in to Kite app or web.
2. Go to Bids >>> IPO.
3. Tap on Applied
4. Select the IPO, you want to cancel bid for.
5. Tap on cancel

IPO Cancellation Timing: You can cancel IPO applications only between 10:00 AM to 4:30 PM. On cancellation, the blocked amount will be released.

HNIs cannot withdraw their IPO bids, once placed.

You cannot check IPO allotment status directly with Zerodha. However, you can visit registrar’s website, or the stock exchange (BSE and NSE) website to check allotment status online using your PAN or IPO application number.

Find allotment URL links below to check allotment with popular RTAs.

• LinkinTime IPO Allotment Status URL Link
• Kfintech IPO Allotment Status URL Link
• Bigshare IPO Allotment URL Link

Apply for BSE and NSE SME IPOs with Zerodha. Yes, Zerodha Kite platform provides access to both the BSE SME IPO and NSE SME IPO.

Steps to apply SME IPO in Zerodha:

1. Log in to the Kite (app or web).
2. Navigate Bids – select IPO – Click Apply.
3. Select investor type, IPO bid lots, and price or select cut-off price.
4. Enter your UPI ID address, mapped with the same bank account registered with Zerodha.
5. Submit the IPO bid.
6. Open the UPI app on your phone and accept the mandate.
7. You’ve successfully applied for SME IPO.

Remember the following before subscribing SME IPOs:

• The minimum investment in SME IPO is Rs 1 lakh
• SME IPOs are highly risky, so you must do proper IPO analysis before subscribing.
• Accept the mandate before 5 PM on the issue closing day to submit your IPO application successfully.

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.

The process to apply for an IPO with Zerodha is the same for all types of investors but the only difference is you have to select employee as an investor type.

If a public issue has an employee quota or shareholder quota, Zerodha allows you to place an IPO bid as a retail investor, employees, and shareholders.

Here are the steps to apply for an IPO under the employee quota;

1. Log in to your Zerodha account on the Kite web or Kite mobile app.
2. Go to the IPO option under the bids menu at the top.
3. Click on the Apply option respective to the IPO, you want to apply in.
4. Once you click on Apply, select the investor type as “Employee”.
5. Enter UPI ID, number of shares (in multiples of lot), and price.
6. If there is any discount, the IPO apply window will display the total bidding amount, net of discount.
7. Select the checkbox and submit the IPO bid.
8. Your application for the IPO employee quota has been successfully placed on the exchange.

If you don’t have a UPI ID, 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.

• Log in to your net banking account
• Search for the IPO option - select the IPO - tap on Apply
• Enter details, i.e, Zerodha demat account number, quantity, price, etc.
• Recheck and submit

Tip: You can find Zerodha demat account details on the Console backoffice under the profile option.