How to pre-apply for an IPO?

To pre-apply for an IPO on Kite, follow these steps:

Kite app

1. Click on Bids.
2. Click on IPO.
3. The list of IPOs will be displayed, select the IPO and tap on Pre-apply.
   
4. Select investor type - Individual or Employee.
5. Tap on Pre-apply.
6. Enter the UPI ID.
7. Enter or edit the Quantity and the Price.
8. Tap on the undertaking tick box and swipe on the Submit button.

Accept the mandate on the UPI app. It will be sent after 10 AM on the IPO start date.

Kite web

1. Login to kite.zerodha.com.
2. Click on Bids.
3. Click on IPO.
4. The list of IPOs will be displayed, select the IPO and click on Pre-apply.
5. Select investor type - Individual or Employee.
6. Enter the UPI ID.
7. Enter or edit the Quantity and the Price.
8. Click on Submit.

Accept the mandate on the UPI app. It will be sent after 10 AM on the IPO start date.

Did you know?

• Zerodha did not offer pre-IPO orders initially due to regulatory clarity concerns. Although the regulations do not specifically define pre-IPO applications, there is an understanding from regulators and exchanges that brokers are permitted to collect pre-IPO orders.
• The pre-apply window opens one day before the IPO, offering convenience for early applications. However, the chances of allotment remain the same regardless of when the IPO is applied for.
• This option is not available for SME IPOs.
• The pre-apply option will be available from one day prior to the IPO launch until 10:00 on the issue open date. Afterwards, the regular apply option will be available.