IPOs are a very good choice of investing especially when bought for Listing gains. Few excellent examples are IRCTC, Dmart, Affle India etc. Investing in an IPO has become very easy with the introduction of UPI in zerodha, one can easily place bids for investing in an IPO or an open Offer. Various steps involved in this process are given here.
- Step 1 : Install the BHIM app from playstore and register your UPI ID.
- Step 2 : Login to Kite zerodha mobile App or web version
- Step 3 : Locate your Client Id in Right Corner and Click to find "Console" Option there
- Step 4 : Now Select "IPO" in the "Porfolio Tab" shown.
- Step 5 : 2. Select the IPO you want to apply for from the list of open IPOs
- Step 6 : Enter your UPI ID. Make sure this is the UPI ID mapped to your personal bank account. The IPO application is liable to get rejected if the person who is applying is different from the one whose bank account is used to apply.
- Step 7 : Place your bid(s). If you want to apply at the cut-off price, just click on the checkbox next to ‘Cutoff price’. If you want to place a bid at a different price, you can do so by entering a price in the ‘Price’ section.
- Step 8 : Once you are done with all these steps, click on the checkbox to confirm that you have read the RHP and other documents and click on submit:
- Step 9 : Accept mandate request on your BHIM UPI App
At the day end after submitting the IPO bid, you will receive an SMS from the exchange confirming your application. Meanwhile, to check the status of your order you can select the IPO you have applied for and you’ll be able to see the last updated bids in your application.
Why us
Zerodha is India’s leading discount broker with highest number of Active Clients as per NSE data.
