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.
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.
Zerodha is India’s leading discount broker with highest number of Active Clients as per NSE data.