How to Apply for IPO in Zerodha

You can place up to 3 bids in the IPO application. Each bid needs to be within the price range, and the quantity should be a multiple of the lot size. The amount blocked would be the highest among the 3 bids.

Let’s understand with an example – 

The price range of an IPO is between ₹100 and ₹105 with a minimum lot size of 1000 shares. The 3 bids can be as follows:

Bid	Number of Shares	Price	Amount Required
Bid 1	1000	102	102000
Bid 2	3000	101	303000
Bid 3	2000	105	210000

The table below explains the eligible bid for various issue prices:

Issue Price	Eligible Bid
103 or higher	Bid 3
102	Bid 3 (larger quantity between bids 1 and 3)
100	Bid 2 (largest quantity among bids 1,2, and 3)

The amount blocked for the IPO would be Rs 3,03,000 which is the highest of all 3 bids.

Time to Place IPO Order 

You can place IPO orders anytime between 10 AM on the issue opening day and 4:30 PM on the issue closing day. 

How to Apply for IPO in Zerodha

You can apply for an IPO application using UPI ID through both the Kite web and Kite app. UPI ID and the Zerodha account holder must be the same otherwise your application will be get rejected.

Steps to follow to apply for IPO using the Zerodha Kite app 

Step 1 – Click on Orders

Step 2- Click on IPO.

Step 3 – Select the IPO from the ongoing list of IPOs and click on Apply.

Step 4 – Enter the UPI ID.

Step 5 – Enter the quantity and price.

Step 6 – Click on the undertaking tick box and swipe the Submit button.

Step 7 – Accept the mandate on the UPI app.

Steps to follow to apply for IPO using the Zerodha Kite web

Step 1- Login to your Zerodha account and visit Kite.Zerodha.Com/orders/ipo 

Step 2 – Select the IPO from the ongoing list of IPOs and click on “Apply”.

Step 3 – Enter the UPI ID.

Step 4 – Enter the quantity in multiple lot sizes and prices within the IPO issue price range.

Step 5 – Click on the undertaking tickbox and click on “Submit.”

Step 6 – Accept the mandate on the UPI app. 

You can accept the UPI mandate by 5 PM on the closing day of the IPO.

You can verify your bid details on the NSE website one day after applying for the IPO.

How to Modify the Bids in the IPO Application

• Step 1 – Log in to Kite.zerodha.com.
• Step 2 – Click on Orders and
• Step 3 – Choose the IPO option from the top bar 
• Step 4 – Go to the application & click on the dots adjacent to the IPO stock 
• Step 5 –  Click on Modify.
• Step 6 – Make the required changes.
• Step 7 – Click on Modify.

Zerodha IPO Charges

Zerodha does not charge any fees or commissions for applying for an IPO through its platform. However, you may have to pay UPI transaction charges or other bank charges depending on your payment method.

You can also go through our detailed guide on how to pledge shares in Zerodha to resolve all your issues about pledging and unpledging of shares.

How to Check IPO Allotment Status in Zerodha

You cannot check the IPO allotment on the Zerodha dashboard. 

You can check the IPO allotment’s latest status either on the registrar’s website like Link Intime, or Karvy, or on NSE and BSE portals.

Let me share all the 3 methods with you.

#1. Through Registrar’s Portal

• Visit Registrar’s websites like Link Intime, or Karvy.
• Click on IPO Subscription/Status from the menu
• Select the IPO you have applied for from the dropdown list.
• You have three options to check the IPO allotment status-
  • Application no.
  • Demat a/c no. or DP Client ID
  • PAN number
• Enter Captcha and click on “Submit”.

#2. Via NSE Portal

• Go to the NSE India website homepage
• Click on the Products menu and then click on “Initial Public Offering”.
• Click on the “Verify IPO Bid Details” link in the right column.

• Log in using your NSE login credentials. If you are visiting for the first time, then you have to sign up using your pan card, to avail of the services.
• Once logged in, you can use your pan card number to get the allotment status.

#3. BSE Portal

• Reach out to the BSE portal.
• Click on “Public Issues” on the top menu.
• Click on the “Check the status of Issue Application” link in the right column.

• Select the Issue type and issue name from the dropdown list.
• Now, select either “Application no.” or “Pan no.” to check the IPO allotment status.

• Check the “I am not a Robot” box and click on Search.
• You’ll be able to see your allotment status.

You can also check out our detailed guide on How to check IPO allotment status in Zerodha for a better understanding.

How to Withdraw or Delete an IPO Application

• Step 1 – Log in to kite.zerodha.com.
• Step 2 – Click on Orders and
• Step 3 – Choose the IPO option from the top bar 
• Step 4 – Go to the application & click on the dots adjacent to the IPO stock 
• Step 5 – Click on Cancel and then Ok.

How to Check IPO Subscription Data

IPO subscription data is the share numbers that have been bid by investors during the IPO subscription period. You can check the subscription data on the stock exchange in real time where the IPO is being listed. 

Follow these steps to check IPO subscription data –

1. Visit NSEIndia.com/market-data/all-upcoming-issues-ipo.
2. Select the IPO.
3. Click on “NSE Bid Details” or “Consolidated Bid Details” from the drop-down menu under Category.
4. The same process you can use to check on the BSE website BSEIndia.com/publicissue.html.

How to Sell IPO Shares in Zerodha

After listing the stocks, you can sell the IPO shares in a similar to any CNC sell order. 

• Log in to Zerodha Kite.
• Go to the holdings tab.
• Select the allotted IPO stock that you want to sell.
• Click on exit
• Enter the trade details like quantity, price, and order type.
• Click on Submit.

You can also check out our guides on “How to find BO ID in Zerodha” and “How to get Zerodha CMR copy online” if you are new to the Zerodha platform.

FAQs