Zerodha is one of India's largest discount brokers. Applying for an IPO through Zerodha Kite takes less than 60 seconds.

1. Applying for an IPO on Zerodha Kite

  1. Open the Kite App and click on the Bids tab at the bottom navigation bar.
  2. Tap on IPO to see all ongoing public issues.
  3. Click Apply next to your chosen IPO name.
  4. Enter your registered UPI ID (e.g., yourname@okhdfcbank or yourname@ibl).
  5. Enter the number of lots and verify that the Cutoff price box is checked.
  6. Swipe to submit your order.

Live Bidding Updates

Review overall demand across investor categories before placing your bid on Zerodha by checking the real-time IPO subscription numbers.

2. Why You Must Select the Cut-off Price

If you manually enter a bid price lower than the cap price, and the final issue price is fixed higher, your Zerodha application will be automatically rejected. Checking Cutoff Price ensures your application remains valid.

3. Accepting the UPI Mandate

Open your UPI app (GPay/PhonePe/Paytm), click on Mandates / Autopay, and approve the blocked amount request. Once approved, the status on Zerodha Kite updates to Bid Placed.

4. Tracking Allotment and Listing

When the basis of allotment is released, verify whether shares are allotted to you on the live IPO allotment status checker, and monitor estimated listing gains on our IPO GMP today dashboard.