How To Buy IPO In Zerodha Using UPI And Netbanking

Introduction of Zerodha IPO

Zerodha IPO is an application that Zerodha launched on 06 August 2019. And it is provided online. Customers can apply through the office console platform by using UPI (Unified Payment Interface) in an IPO.

While this procedure isn’t as simple as an ASBA IPO application through a 3-in-1 account, the Zerodha UPI IPO application gives a choice to clients to apply to an online IPO. 

As you know, Zerodha is India’s leading stockbroker offering web-based trading and investment administrations to customers. It is a pioneer of discount brokerage administration in India. 

It offers without brokerage delivery trades and mutual fund investments. For every single other segment, they charge Rs 20 for each level according to the order executed, independent of the size of the business.

Upcoming IPO
Buy IPO In Zerodha

How to Apply for IPO in Zerodha Using UPI

Here, we will explain to you step by step to implement IPO through Zerodha. Before getting to the main point, discuss what the pre-requisites are.

  • PAN number
  • Bank account money
  • Zerodha Demat Account Number
  • Zerodha Demat Account Name
  • Internet banking with full transaction rights

Those who have an account Zerodha can implement an IPO through a few easy steps and guidance.

Till now, customers have applied for an IPO from their respective bank’s NetBanking portal using ASBA (application supported by blocked amount) 

or by going to the bank and submitting a physical form with their Zerodha Demat account number.

Presently clients can apply for new IPO from inside the console. SEBI has now made it for all IPOs to be supported by UPI 2.0. 

It is an exceptionally straightforward, online procedure. You should enter the bid value, amount and UPI ID. 

Install a supported UPI application and follow steps below to apply for an IPO through Zerodha.

  • You have to log in to the console by entering your id and password and select IPO in the ‘Portfolio’ option.
  • From the list that appears, you have to select the IPO that you want.
Zerodha IPO Window
Zerodha IPO Window
  • Once you need to select an IPO to apply for, you will able to see all the details of the offer, like issue size, lot size, open date, close date, and (D)RHP.
Zerodha IPO Details Option
Zerodha IPO Details Option
  • You have to enter your UPI ID and click ‘Verify’. Before this make sure that it is the UPI ID in your bank account. 

The IPO may reject the application if the person applying is someone else and the bank account is someone else. Saying should mean both matches.

Zerodha IPO Interface Screen
Zerodha IPO Interface Screen
  • You can make your bid. You need to select the investor type option for your application. When making bids, just the amount that is a variation of the numerous size is permitted. 

In any case, you want to apply at the cut-off price then you need to click on the checkbox by ‘cutoff-price’. 

Zerodha IPO Interface Screen 1
Zerodha IPO Interface Screen 1
  • Once you have completed it then you need to click on the checkbox to confirm and then click on submit.
Zerodha IPO Submit option
Zerodha IPO Submit option
  • At the point when you click submit, you will get an order demand on your UPI application. Anyway now and again it might take a couple of hours to get this request as this system is still in the initial stage of activity. 

The cash will be charged from your bank account, and the offers will be kept in your demat account If you get any allotment. 

At long last the day in the wake of presenting the IPO offer, you will get an SMS from the trade confirming your application. 

You can choose the IPO for which you have applied, and you will have the option to see the last refreshed bids in your application to check the status of your request.

If you don’t get a portion or are having an issue getting it, at that point the blocked cash is given on the date of designation.

Zerodha IPO My Mandates Option
Zerodha IPO My Mandates Option

Read Also: Zerodha Kite Vs. NSE NOW: The Two Fastest And Elegant Flagship Trading Portals Compared

Closed IPOs List

StockPrice – RangeDateMinQty
Indian Railway Catering and Tourism Corporation (IRCTC)315 – 32030 Sep 2019 – 03 Oct 201940
Catholic Syrian Bank (CSB)193 – 19522 Nov 2019 – 26 Nov 201975
Ujjivan Small Finance Bank (UJJIVANSFB)36 – 3702 Dec 2019 – 04 Dec 2019400
Prince Pipes and Fittings (PRINCEPIPE)177 – 17818 Dec 2019 – 20 Dec 201984
Indian Telephone Industries (ITI) [FPO] 71 – 7724 Jan 2020 – 05 Feb 2020150
Antony Waste Handling Cell295 – 30004 Mar 2020 – 06 Mar 202050
SBI Cards and Payment Services750 – 75502 Mar 2020 – 05 Mar 202019

Read Also: Zerodha Brokerage Calculator Online Tool to Calculate Your Profit, Loss and Charges

Open Zerodha Demat Account
Open Zerodha Demat Account

Zerodha Upcoming IPOs List

Chemcon Speciality ChemicalsTo be announced
Burger King IndiaTo be announced
Equitas Small Finance BankTo be announced
Bajaj EnergyTo be announced
UTI Asset Management CompanyTo be announced
Computer Age Management Services (CAMS)To be announced
Life Insurance Corporation (LIC)To be announced
National Commodity & Derivatives Exchange (NCDEX)To be announced
Barbeque NationTo be announced
Indian Railway Finance Corporation (IRFC)To be announced
NSDLTo be announced 


The Zerodha UPI IPO application gives a choice to clients to apply to an online IPO. Customers can apply through the office console platform by using UPI (Unified Payment Interface) in an IPO.

Zerodha Call Back Request

Zerodha IPO FAQs

Can we buy an IPO in Zerodha?

You can utilize the Zerodha DP ID of the client and apply for an IPO through a bank account. 

Practically all banks are offering an online stage to apply for an IPO. But, you can’t make a difference for an IPO from inside the Zerodha stage.

What is the cutoff price in IPO Zerodha?

The cutoff price is the price at which shares are given to investors. An investor can put bids for the ideal amount in products of parcel sizes with the price inside the appropriate range. 

How do I apply for an IPO?

An application supported by a blocked amount (ASBA) is a proficient and straightforward approach to apply for an IPO. At the point when you invest through ASBA, the assets in your account are hindered for the IPO.

Is UPI compulsory for IPO?

SEBI (Securities and Exchange Board of India) has now permitted investors to utilize their UPI ID as a payment alternative for IPO issues. 

While applying for an IPO, one needs to refer to the bank details. It allows the bank to block the appropriate amount in the account through the ASBA mechanism.

What happens if an IPO is not allocated?

If you are not allotted shares in any case, the amount for which you are applying for an IPO will be unblocked and withdrawn by you. You can apply for an IPO through the ASBA facility of your bank account.

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Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years. I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.