How to Apply for an IPO in India? How to know about Upcoming IPOs?

Applying for an IPO is a Simple Task, once you’re sure of your decision of Investing in it. In this post, we’ll provide detailed Step by Step Guide on How to Apply for an IPO in India through Zerodha.

You can invest in IPOs through your Stock Broker if your stock provides such facility. We recommend using Zerodha as we’ve been personally using Zerodha for Investing in IPOs.

You can check all the Upcoming and Ongoing IPOs on Our IPO Page.

How to Apply for an IPO in India? Step By Step Guide

The Process of applying for an IPO online is extremely easy. It takes just 2-3 minutes to apply for an Open IPO.

  1. You need to Login to your Console on Zerodha Website or in Kite Application on Your Mobile. Then Go to IPO Section under Portfolio Menu.

How to apply for an IPO in India 2021
How to apply for an IPO through Zerodha

2. Then you will see a list of Ongoing IPOs. Select the IPO you want to apply for from the list of open IPOs. Click on Apply or Bid Button.

How to apply for an IPO in India 2021
How to apply for an IPO through Zerodha

3. Then You Need to Enter your UPI ID from which you want to pay for the IPO. This UPI should be Linked to your Personal Bank account. The IPO application may get rejected if the person who is applying for the IPO is different from the one whose Bank account’s UPI is used to apply.

How to apply for an IPO in India
How to apply for an IPO through Zerodha

4. Select Individual Investor in the Investor Type section.

Quantity: Then in Section Number 1, Fill Quantity as whatever is the Minimum Quantity or Lot Size for the IPO. For example, In this IPO Minimum Quantity or Lot Size is 35. So you can only fill 35 or Multiples of 35 like 70, 105 etc.

Price: Then Tick the Cutoff Price and Price will be Automatically Filled. If you want to place a bid at a different price, you can do so by entering your Bid price in the ‘Price’ field. However, we recommend applying at Cut-Off Price.

How to apply for an IPO in India 2021
How to apply for an IPO via Zerodha 
How to apply for an IPO through Zerodha

5. After filling the Price and quantity section carefully. You need to Tick that Checkbox which states that you have carefully read the Details of the IPO and you agree all the Terms and Conditions. Then, The Submit Button will be Enabled. Click on Submit.

6. You will receive the IPO Mandate Request on the UPI App. Complete that UPI Request by Proceeding and entering your UPI Pin.

When you have successfully completed all the steps of the IPO bid, You will receive an SMS from the exchange that confirms your application to the IPO. To check the status of your order you can select the IPO you have applied for and you’ll be able to see the last updated bids in your application.

This was all about How to apply for an IPO in India through Zerodha.

Common FAQs Regarding IPO

How much shares we can buy in IPO?

A company specifies the minimum order quantity in IPO Details. Example, if the investor wants to purchase more than that Min. Quantity then the application can be made in multiples. For example, If Lot size is of 100. Hence, the investor can apply for 100 shares, 200 shares, 300 shares, and so on..

Can I Apply for an IPO Through Multiple Applications with the Same Name?

No. You cannot apply to an IPO by multiple applications of the same name. If an investor wants to do so, all applications made under the same name will be denied. Another way to do this is to apply it in the name of various family members. Only note that the applicant should have a different Demat accounts and a PAN Numbers.

What is the Procedure to Withdraw/Cancel your bid?

To withdraw your Bid, You need to login to the broker’s account from where you made the IPO application and go to the order book. Next, you need to select that IPO and choose to withdraw. The money that was blocked for the application will be released within a couple of days.
However, it is important to remember that you can withdraw only during the bidding period.

How are IPO shares allocated in case of oversubscription?

If any IPO gets oversubscribed, then SEBI mandates the company going for IPO to allot a maximum of One Lot per investor using a lottery-based system. So, The Shares are allotted randomly.

If you have any Other Queries regarding IPO Process, Comment Down Below. Happy Investing!!

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