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 –
- Visit NSEIndia.com/market-data/all-upcoming-issues-ipo.
- Select the IPO.
- Click on “NSE Bid Details” or “Consolidated Bid Details” from the drop-down menu under Category.
- 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
Q1. Are there any charges for applying for an IPO through Zerodha?
No, 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.
Q2. Can I apply for multiple IPOs through Zerodha?
Yes, you can apply for multiple IPOs through Zerodha, but you need to make sure that you have enough funds in your trading account and that you meet the eligibility criteria for each IPO.
Q3. How do I know which IPOs are currently available for investment on Zerodha?
Zerodha displays the list of available IPOs on its website and trading platform. You can also find this information on financial news websites or through your own research.
Q4. What is the minimum and maximum number of shares that I can apply for in an IPO through Zerodha?
It depends on the minimum and maximum lot size set by the company offering the IPO.
Q5. What happens if I apply for an IPO but don’t have enough funds in my trading account?
If you apply for an IPO through Zerodha but don’t have enough funds in your trading account, your application will be rejected.
Q6. Can I apply for an IPO through Zerodha using my demat account with another broker?
No, you need to have a demat account with Zerodha to be able to apply for an IPO through its platform.
Q7. What is the minimum balance required in my Zerodha trading account to apply for an IPO?
There is no minimum balance required in your Zerodha trading account to apply for an IPO. However, you need to have enough funds to cover the application amount.
Q8. Can I apply for an IPO using a joint bank account in Zerodha?
Yes, you can apply for an IPO through a joint bank account in Zerodha. However, the bank account must be linked to your UPI ID.
Q9. Can I apply for an IPO through Zerodha using my credit card?
No, you cannot apply for an IPO through Zerodha using your credit card. You can only use your bank account or UPI ID to make the payment.
Q10. Can I apply for an IPO through Zerodha if I am an NRI?
A. Yes, NRIs can apply for an IPO through Zerodha as long as you have a valid PAN card and a demat account
Q11. How do I know if my IPO application has been successful?
You can check the status of your IPO application by logging in to your Zerodha account and going to the ‘Orderbook’ tab under the IPO section. You will also receive an email and SMS confirmation from Zerodha if your application is successful.
Q12. Can I apply for an IPO through Zerodha using my mobile phone?
Yes, you can apply for an IPO through Zerodha using your mobile phone by downloading the Zerodha Kite app on your iOS or Android device. The process is similar to applying for an IPO through the Zerodha website.
Q13. Is there a limit on the number of IPO applications I can submit through Zerodha?
No, there is no limit on the number of IPO applications you can submit through Zerodha. However, you need to make sure that you have enough funds in your trading account to cover the application amount.
Q14. Can I apply for an IPO through Zerodha using a corporate bank account?
Yes, you can apply for an IPO through Zerodha using a corporate bank account as long as the account is linked to your UPI ID.
Q15. How long does it take for the IPO shares to get credited to my demat account?
The time taken for the IPO shares to get credited to your demat account depends on the company offering the IPO and the allotment process. It usually takes around 2-3 weeks for the shares to get credited to your account.
Q16. Can I sell my IPO shares immediately after they are credited to my demat account?
Yes, you can sell your IPO shares immediately after they are credited to your demat account, but it is advisable to wait for a few days to understand the market conditions and price movements.
Q17. What should I do if I face any issues while applying for an IPO through Zerodha?
If you face any issues while applying for an IPO through Zerodha, you can reach out to the Zerodha customer support team through phone, email, or raising ticket. They will assist you in resolving the issue.
Q18. Why is the listing date displayed on the Kite IPO page different from the actual listing date?
The Kite IPO page lists a tentative listing date. Shares credit 1-2 days before the listing date after the allotment. The confirmed listing date is published by exchanges on their websites one day in advance.
