by Team StockmarketX
457
Hello Investors,
We are here to learn how to invest in an IPO from India online using the Kite Zerodha App.
Table of Contents
Invest in an IPO: offilne vs online
Firstly, you should know we have two modes to apply for an IPO: offline & online.
Offline: If you want to apply for an IPO offline, then you have to submit an IPO application form to your IPO banker or broker. After that, they will look into it, and then they will apply for an IPO on behalf of you.
Online: If you want to apply for an IPO online, then you have to go to the online portal of your IPO banker or broker. From there, you can apply for it directly by yourself. In an online application, you don't have to submit any documents to anyone; everything will be processed online automatically.
Generally, in today's world, we all apply for an IPO using the online method, which is very fast, secure, and reliable. offline method was used earlier.
Steps to apply for an IPO
As we are going to demonstrate the online method for applying for an IPO, you should have a demat account ready to use. If yes well & good if not open your demat account here.
1. Login to your account:
In order to login, you have to enter your user ID and password, and then you will be entered into the home screen like the one given below.
2. Click on the Bids tab:
After logging in, click on the Bids tab, which is on the bottom menu of the app. Please follow the screenshot.
3. Click on the IPO tab:
After entering the Bids page, click on the IPO tab, which is given at the top. Please follow the screenshot. After clicking on the IPO, you will get a list of IPOs.
4. Click on Apply button:
After taking a decision on which IPO you want to invest in, click on the apply/pre-apply button in front of the name of that IPO. After that, it will open up a new page in which we have a big blue button, as given in the screenshot, and you have to click on that blue Apply button.
5. Enter UPI & Bid price:
After that, a new page will open where you have to enter your UPI ID and your bid price. At maximum, you can add 3 bid prices. And at bottom it will show you the final amount you are going to invest in IPO based on your bid prices.
6. Click on submit:
Then you have to submit your application. After that, a confirmation message will show you. After some time, a UPI mandate will come on your UPI app, and you have to accept that mandate. If you do not know what is a UPI mandate, click here to learn about it.
After following all of these steps, you are done with the IPO application online.
NOTE: UPI mandate acceptance is a must.
