How to Apply for IPO in Zerodha? 2 New Methods

 

How to Apply for IPO in Zerodha? Two Best Methods to Follow in 2024

You can seamlessly apply for an IPO in Zerodha by following these two methods: Zerodha Kite and Zerodha Kite Web. Choose any one method to apply, as the process is very simple, even for an amateur in stock trading. Have a look-

Method 1: Zerodha Kite Mobile App

• The first step is to download the Zerodha Kite Mobile App on your smartphone.

• Log in to your account.

• Click on the "Bids" tab.

• The next step is to select the "IPO".

• Select the IPO of your choice in the list on your screen.

• Click on the "Apply" button.

• Now, re-confirm your UPI ID and enter the total number of shares (quantity) you want to bid for at a specific price within the issue price range.

• After this, tick on the undertaking box.

• Swipe to submit the application.

• It will now deliver a notification to approve the mandate on your UPI app. 

Method 2: Zerodha Kite Web Platform

• Search kite.zerodha.com on Google.

• Now, log in to your Zerodha account.

• Click on the Bids>IPO.

• Click on the Apply button after selecting the IPO of your choice.

• The next step is to select the investor type.

• Users must enter UPI ID, desired quantity, and bidding price.

• The final step is to tap on the "Submit" button and approve the mandate on your UPI app.

Earlier, it was complicated for numerous users to apply for an IPO in this stock trading application. I hope both of these methods helped you a lot. Share these methods with all those searching for how to Apply for IPO in Zerodha.

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How to Change Primary Bank Account Online in Zerodha?

Before diving into the IPO, in case you want to change your primary bank account online in Zerodha, you can do it. Just follow the steps given below-

• Firstly visit the console.zerodha.com.

• Log in to your account and click on the "Account" option.

• The next step is to click on the Bank>Modify bank account.

• Now, share your new bank account number and IFSC code.

• Read the Terms and Conditions properly and accept them.

• Share your e-signing and your Aadhaar number for OTP verification.

Note: Zerodha will change your Primary Bank account online within 72 hours. The app will charge ₹25 + GST for this service.

Sum It Up

Are you ready to start your IPO (Initial Public Offerings) journey in the stock market? Zerodha should be at your fingertips because the app is a cinch to use and is better for understanding stock trading, even for beginners. The articles cover how to Apply for IPO in Zerodha with Zerodha Kite and Zerodha Kite Web methods. It's all your choice which one is easier for you. If you encounter any difficulties or have more questions on how to Apply for IPO in Zerodha, drop them in the comments. 

Frequently Asked Questions

Q1. How do I know if my IPO is allotted kite?

A1. A user can check their allotment status via the registrar's website. Websites like NSE or BSE can even help you to know the status.

Q2. Why does IPO get rejected?

A2. The most common reason behind IPO rejection is insufficient funds in the bank account.

Q3. Can we apply IPO without UPI?

A3. A user can apply for an IPO without UPI. However, if you select the UPI payment mode, then UPI is mandatory.