How can I apply for an IPO and How do I get updates on upcoming IPOs in Zerodha?
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How to Apply for IPO in Zerodha
Zerodha, one of India’s leading discount brokerage platforms, offers a convenient way for investors to participate in IPOs. Now, let us explore the simple steps to apply for an IPO in Zerodha Kite.
1. Open a Zerodha Account
The first step to applying for an IPO through Zerodha is to have a Demat and Trading account with them.
If you don’t already have one, you can easily open an account online through the Zerodha website. Make sure to provide all the necessary documents and complete the account opening process.
2. Add Funds to Your Zerodha Account
Once your account is opened and verified, you’ll need to fund it with the required amount to apply for the IPO.
Zerodha offers various payment options, including NEFT, RTGS, and UPI, making it convenient for you to transfer funds from your bank account to your Zerodha trading account.
3. Check the IPO Calendar
Stay informed about upcoming IPOs in India by checking the IPO calendar available on the Zerodha platform.
The calendar provides details such as the IPO issue dates, price band, lot size, and other relevant information.
Take note of the IPOs you’re interested in and mark their opening dates on your calendar.
4. Place Your IPO Order
On the IPO issue opening date, log in to your Zerodha account and go to the IPO section.
Here, you will find a list of available IPOs along with their details. Select the IPO you want to apply for and enter the no. of shares you wish to apply for.
Note: You can choose the quantity in terms of lots (lot quantity may not be the same for all IPOs).
5. Review and Submit Your Application
After entering the number of lots, review your IPO application carefully to ensure all details are correct.
Double-check the price band and lot size before submitting your application.
Once you are satisfied with your application, submit it through the Zerodha platform.
6. Monitor Your Application
After submitting your IPO application, you can monitor its status on the Zerodha platform itself.
Keep an eye on the allotment status of your IPO application to stay updated on allotment status and other relevant information.
Zerodha will provide you with notifications and updates regarding your IPO application.
7. Allotment and Listing
If your IPO application is successful and shares are allotted to you, the allotted shares will be reflected in your Demat account.
You can then choose to hold the shares for the long term or sell them on the listing day. Keep track of the listing date to make informed decisions about your shares.
Also Read: What Happens if IPO is not allotted? & Reasons Behind Non-Allotment of Shares
It is very easy to apply for an IPO in the demat accounts. Here is the procedure to apply for an IPO in Zerodha account.
You will get notified about IPO status via your Email ID.