If you’re planning to invest in an upcoming IPO, Zerodha makes the process quick and beginner-friendly. Whether you’re using the Kite app or the web, you can apply for IPOs directly using your UPI ID or the ASBA net banking method. This guide will show you how to apply for IPO through Zerodha, set up payment options, check allotment status, and fix common issues.
Step-by-step guide to apply for an IPO in Zerodha via Kite
Wondering how to apply IPO in Zerodha? Here’s a quick step-by-step guide:
On Kite web
- Log in to kite.zerodha.com
- Click on orders – IPO
- Choose the IPO and click Apply
- Enter your UPI ID linked to your bank
- Enter quantity and price (must match lot size)
- Tick the undertaking checkbox and click Submit
- Go to your UPI app and authorize the mandate before 5 PM on the IPO’s closing day.
On the Kite mobile app
- Open the Kite app
- Tap orders – IPO
- Select the IPO you want and click Apply
- Enter your UPI ID, quantity, and price
- Accept the UPI mandate in your UPI app to block funds
IPO orders can be placed between 10 AM and 4:30 PM, and pre-applications can be submitted a day before the IPO officially opens. However, allotment chances remain the same no matter when you apply.
How to Set Up UPI Mandate & ASBA in Zerodha
When applying for an IPO through Zerodha, you can choose between the default UPI mandate or the ASBA net banking method based on your eligibility.
UPI mandate process: Default for most investors
Zerodha uses the UPI route for simple and secure IPO payments under ₹5 lakhs. Here’s how it works:
- Once you apply for the IPO, a UPI mandate is sent to your UPI app.
- Accept it by entering your UPI PIN.
- Your amount is blocked, not deducted. If you get an allotment, the amount is debited; if not, it is released.
- This is the default method used when you apply IPO in Zerodha through Kite.
ASBA: Net banking method
Can I apply for an IPO in Zerodha without UPI? Yes — use the ASBA (Application Supported by Blocked Amount) route through your bank’s net banking:
- Log in to your bank’s net banking portal (must support ASBA).
- Go to the IPO/ASBA section.
- Enter your Zerodha 16-digit Demat ID and other bid details.
- Submit a bid.
- Submit the form. Funds remain blocked until allotment.
This method is suitable for minors, HUFs, NRIs, and corporates, who may not be eligible for UPI-based IPO applications.
Checking IPO allotment status in Zerodha
Once the IPO closes, you can check the status of your application easily. How to check:
- Visit the NSE IPO status portal.
- Enter your PAN or application number (it includes your 6-digit Zerodha ID).
- You’ll get to know if you’ve been allotted shares.
- Allotted shares are credited to your Zerodha demat account 1–2 days before listing.
- You’ll also receive a confirmation email/SMS from Zerodha and the exchange.
Common issues: Rejections, failed mandates & how to fix them
Facing issues while applying for an IPO through Zerodha? Here’s how to handle common problems with UPI mandates and rejections.
Didn’t get the UPI mandate?
If you’re wondering how to buy IPO in Zerodha and face mandate issues:
- Double-check that your UPI ID is correct and linked to your bank.
- Make sure your UPI app is updated.
- Mandates can take time, especially after 4:30 PM.
- If not received, cancel and reapply before the cutoff time.
IPO bid rejected?
Some common reasons why Zerodha IPO applications get rejected:
- Incorrect UPI ID, failed mandate, or mismatch in PAN/demat details.
- If you’re applying from a minor account, most UPI apps don’t work—use the ASBA method instead.
- If the account is dormant, you can apply but can’t sell until it is reactivated.
Bid modified, but amount not updated?
- You must accept the new mandate after modifying the IPO quantity or price.
- The earlier blocked amount won’t change until the new mandate is approved.
- To avoid delays, apply for IPOs via Zerodha before 3 PM on the closing day, even though the window is open till 4:30 PM (4 PM for HNIs). Check your email for confirmation. Shares are credited 1–2 days before listing, and as per SEBI rules, IPOs list within T+3 working days.
Read more: Zerodha – The detailed broker review 2026
Conclusion
Applying for an IPO through Zerodha in [current-year] is simple, fast, and safe. You can use the Kite app or website to apply using UPI or ASBA. Just remember to apply before 4:30 PM and accept the UPI mandate. Is Zerodha safe for IPO investments? Yes, Zerodha is SEBI-registered and follows all safety rules. Your money stays in your bank account until shares are allotted, making it a secure platform to apply for IPOs.
Pro Tip
Now you know how to apply for IPOs on Zerodha—just remember to apply early, enter the correct UPI ID, and approve the mandate on time for a smooth experience. Find the best Forex brokers with our broker finder tool and stay informed on the latest in stocks, CFDs, and crypto. Make smarter trading choices and don’t forget to share your experience in the comments!
Frequently Asked Questions
1. What is the minimum amount to apply for IPO in Zerodha?
The minimum amount is based on the lot size of the IPO. For example, if the lot size is 30 shares and the price is ₹400, the minimum application amount is ₹12,000 (30 × ₹400).
2. When can I apply for an IPO through Zerodha?
You can apply from 10:00 AM on the opening day to 4:30 PM on the closing day. You can also pre-apply one day before the IPO opens.
3. What is the IPO cut-off time in Zerodha?
The IPO order cut-off time is 4:30 PM. However, it’s advised to place your order before 3 PM on the closing day to avoid exchange submission delays.
4. Can I apply for multiple IPOs through Zerodha?
Yes, you can apply to as many IPOs as you wish, as long as you have funds and valid UPI mandates for each application.
