How to apply for an IPO and how to stay informed of new ones?
An IPO application can be submitted through Zerodha using any UPI app. Visit www.npci.org.in/what-we-do/ipo/live-partners to know the supported UPI apps.
To apply for an IPO, follow these steps:
- Visit kite.zerodha.com/orders/ipo.
- Click on Apply.
- Select investor type.
- Enter the UPI ID.
- 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.
- Click on the undertaking checkbox and click on Submit.
- Accept the mandate on the UPI app.
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. See When can IPO orders be placed on Zerodha? to know more.
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.
The price range of an IPO is between ₹100 and ₹105. The 3 bids can be as follows:
|Bid||Number of shares||Price||Amount Required|
|Bid 3||50||Cut off(₹105)||₹5,250|
The table below explains the eligible bid for various issue prices:
|Issue Price||Eligible Bid|
|₹103 or higher||Bid 3|
(larger quantity between bid 1 and 3)
(largest quantity among bids 1, 2 and 3)
The amount blocked for the IPO would be ₹15,150, which is the highest of all 3 bids.
Visit zerodha.com/ipo/ to know about upcoming IPOs.