Step-By-Step Guide To Apply IPO Through Zerodha With Netbanking

Apply IPO Through Zerodha

In this post we will discuss how to apply IPO through Zerodha? Before coming to the main point lets discuss what are the pre-requisites.

  1. Zerodha demat account name
  2. Zerodha demat account account number
  3. PAN number
  4. Internet banking with full transaction rights
  5. Money in the bank account

In this post I will show an example of how to apply IPO through Zerodha with SBI netbanking. Please note your PAN number regsitered in the bank should match with the PAN number of demat account, else the IPO application will get rejected. So make sure you apply for IPO with own demat and own bank account.

Fist note down your Zerodha demat details from profile section of your Q backoffice in Zerodha.
Zerodha Depository Details
Next login to your internet banking account. Here we will login to SBI netbanking. Once you are logged in click on Demat & ASBA Services. ASBA means Application Supported by Blocked Amount. It means the once you apply for an IPO the applied fund will remain in your account but will be blocked till the IPO is allotted to you. In case its allotted it will be finally deducted from your bank account OR if you do not get allottment for the IPO the fund will be unblocked and you can use the fund for other works.
Demat And ASBA
Next click on IPO (Equity).
IPO Equity
Now read the terms and conditions and click on Accept.
IPO Equity ASBA
5/Undertaking-By-ASBA-Investor-Cum-Bidder-And-Account-Holder.png” alt=”Undertaking By ASBA Investor Cum Bidder And Account Holder” width=”772″ height=”480″ class=”aligncenter size-full wp-image-27748″ />
In the next screen put your name, PAN number and confirm PAN number. While select your depository click on CDSL. Now put upto 3 bids and click on submit.
Zerodha Apply For IPO
You can check and save your name, PAN number and depository details in the profile section of your netbanking for future usage so that you need not to put them again and again.
Apply IPO Zerodha
Next you need to confirm your bid for the IPO as shown below.
IPO Confirm Bid
Once done the next screen will show you the IPO application final confirmation screen and will also reflect the amount of fund blocked for applying for the IPO.
IPO Apply In Zerodha
Though in this post I have shown you the method to apply IPO through Zerodha with State Bank of India, you can apply the same method to apply IPO with any other brokers or bank.

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Author Bio

Indrajit Mukherjee

Indrajit is a professional blogger and trading system developer. Amibroker expert, Wordpress expert, SEO expert and stock market analyst.Trading since 2002, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely.

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