Search for an answer or browse help topics to create a ticket
View all categories

How to apply for IPOs and how to stay informed of new ones?

You can’t apply for an IPO using any of Zerodha’s platforms because SEBI mandates that an individual can apply for IPOs only through Self Certified Syndicate Banks.

You can apply for IPOs through these banks, via their online platforms i.e ASBA applications.

For example, here is the process to apply using SBI Internet Banking. The process will remain fairly similar to other banks.

You need to select ASBA Services option and choose IPO (Equity) option



You will find the list of Active IPOs. You can select the one you wish to apply and the ASBA IPO application will open



In the bank ASBA IPO form, you need to mention your 16 digit Zerodha DP ID (combination of Depository ID followed by Beneficiary ID you see on the profile page on Console).



Also, you have to select the Depository as CDSL if you have a Zerodha Demat account & NSDL if you have a DEMAT account with IL&FS (i.e account opened before 15th Sep 2015). 

IPOs can be applied from any bank which has the ASBA facility as long as your name on the bank account & DEMAT account match.

If you intend on selling the shares allotted to you on the listing day, click here to know how.

To be aware of upcoming IPOs you can refer to Zerodha Pulse & Zerodha Bulletin.

For more information on applying for an IPO through various banks, refer this post on TradingQ&A.