An IPO application can be submitted through Zerodha from Kite web or Kite app using any UPI application. Visit www.npci.org.in/what-we-do/ipo/live-partners to know the supported UPI apps. There are no charges to apply for an IPO through Zerodha.

Kite app

To apply for an IPO from Kite app, follow these steps:

1. Tap on Orders.
2. Tap on IPO.
3. Select the IPO from the ongoing list of IPOs and tap on Apply.
4. Tap on Apply again and enter the UPI ID.
5. Enter or edit the Quantity and the Price.
6. Tap on the undertaking tick box and swipe the Submit button.
7. Accept the mandate on the UPI app.

Kite web

To apply for an IPO, follow these steps:

1. 1. Visit kite.zerodha.com/orders/ipo.
   2. Click on Apply.
   3. Select investor type.
   4. Enter the UPI ID.
   5. Enter the Qty and Price. The quantity should be a multiple of the lot size, and the price entered should be within the issue price range.
   6. Click on the undertaking checkbox and click on Submit.
   7. Accept the mandate on the UPI app. The UPI mandate can be accepted until 5 PM on the closing day of the IPO.

The exchange will send an SMS confirming the application by the end of the day. The bid details can be verified one day after applying for the IPO by visiting www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

Did you know? IPO orders can be placed anytime between 10 AM on the issue opening day and 4:30 PM on the issue closing day. To learn more, see When can IPO orders be placed on Zerodha?

Up to 3 bids can be placed 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.

Example Scenario

The price range of an IPO is between ₹100 and ₹105. The 3 bids can be as follows:

The table below explains the eligible bid for various issue prices:

The amount blocked for the IPO would be ₹15,150, which is the highest of all 3 bids.

Visit zerodha.com/ipo to check upcoming IPOs.