What is Real Estate Investment Trust (REIT), and how to invest in REIT IPOs using UPI?
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What is Real Estate Investment Trust (REIT), and how to invest in REIT IPOs using UPI?

REIT IPO applications made through UPI are considered as Non-Individual Investor (NII) category bids. Once applied, the bids cannot be cancelled or decreased. However, they can be increased up to ₹5 lakhs.

Real Estate Investment Trusts (REITs) are like mutual funds for real estate investment. Investors pool their money, and a REIT invests in commercial properties. Returns come from rental income and property value appreciation. To learn how REITs can be used in the investment portfolio, visit reit.com and zerodha.com/varsity/chapter/asset-allocation-an-introduction.

REIT IPOs can be applied on Kite app and web like any other IPO. To know the supported UPI apps, visit npci.org.in/what-we-do/ipo/live-partners. To apply for a REIT IPO, follow these steps:

Kite app

  1. Tap on Orders.
  2. Tap on IPO.
  3. Select the REIT 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

  1. Click on Orders.
  2. Click on IPO.
  3. Click on Apply.
  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.

REIT 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?

Zerodha sends an email requesting clients to accept the mandate on the UPI app. The UPI mandate can be accepted until 5 PM on the closing day of the REIT 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 ipobidverify.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

Did you know?

  • If a client uses the wrong UPI ID or cannot receive a mandate request for any reason, they cannot delete their application. However, they can apply using Netbanking ASBA. The application through net banking will still be considered unique and eligible for allotment since the UPI mandate step was not completed.
  • There are no charges to apply for an IPO through Zerodha.