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Steps for Applying IPO for ZERODHA Users
Apply IPO through ZERODHA

Following details are needed to apply IPO for Zerodha demat account holders. Open New Zerodha Account if you don’t have already.

  • PAN number
  • Internet banking with full transaction rights
  • Money required for IPO
  • Zerodha demat account name
  • Zerodha demat account account number

Note: Please note your PAN number registered 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.

Step 1: Note down your Zerodha demat details from profile section of your Q backoffice in Zerodha.

Step 2: Note following details from the page
DEPOSITORY NAME: ZERODHA SECURITIES PRIVATE LIMITED
DP ID FOR IPO APPLICATION: 120816000xxxxxxx (16 Digits)

Step 3: Login to your bank account using net banking and go to Demat & ASBA Services section. 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.

Step 4: Go to IPO and provide all the asked details like PAN number, for Depository select CDSL (Zerodha demat account) and NSDL for ILFS demat account holders, provide lot size and price for the IPO and submit. Once done, your bank should send a SMS or email message to you for confirmation.

 

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