To apply for an IPO (Initial Public Offering) in Zerodha, you must first have a trading account with the brokerage firm. If you don’t have one, you can open one by visiting this link to Zerodha website and following the instructions for account opening.
Once you have a trading account, you can apply for an IPO through the Zerodha platform. Applying for an IPO in Zerodha is a relatively simple process, but there are a few steps you need to follow to ensure that your application is successful.
Here is a detailed description of how to apply for an IPO in Zerodha:
Step 1: Open a trading account with Zerodha
Before you can apply for an IPO through Zerodha, you must have a trading account with the brokerage firm. If you don’t have one, you can open one by visiting the Zerodha website and following the instructions for account opening. You will need to provide some personal and financial information, as well as documents such as a PAN card and a cancelled cheque.
Step 2: Log in to your Zerodha account
Once you have a trading account with Zerodha, you can log in to the platform using your user ID and password.
Step 3: Go to the IPO section on the dashboard
Once you are logged in, you will see the IPO section on the dashboard. Here you will find a list of all the current and upcoming IPOs that are available for bidding.
Step 4: Select the IPO you wish to apply for
Select the IPO you wish to apply for by clicking on the “Apply” button next to the IPO.
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Step 5: Fill in the application form with your personal and financial details
You will be prompted to fill in the application form with your personal and financial details. This will include information such as your name, PAN number, bank account details, and the number of shares you wish to apply for.
Step 6: Choose the number of shares you wish to apply for and the bid price
You will be asked to choose the number of shares you wish to apply for and the bid price. The bid price is the price at which you are willing to buy the shares.
Step 7: Review and submit the application
After you have filled in the application form and chosen the number of shares and bid price, you will need to review your application to ensure that all the information is correct. Once you are satisfied, you can submit the application.
Step 8: Make the payment for the shares applied for
The last step is to make the payment for the shares you have applied for. You can do this through the Zerodha platform using a variety of payment methods, such as net banking, UPI, or a debit card.
Please note that Zerodha doesn’t accept physical application forms.