How to applied ipo in zerodha?

Zerodha is a popular online brokerage firm in India. To apply for an IPO (Initial Public Offering) through Zerodha, you can follow these steps:

1. Open a Demat Account: If you don't have a Demat account with Zerodha, you'll need to open one. You can visit the Zerodha website and follow the account opening process. It usually involves providing your KYC (Know Your Customer) details and relevant documents.

2. Activate UPI: To apply for an IPO through Zerodha, you need to have a UPI (Unified Payments Interface) linked to your bank account. UPI is required for making payments during the IPO application process.

3. Check IPO details: Keep an eye on the Zerodha platform or their website for upcoming IPOs. Once an IPO is announced, you will find the details such as the issue size, price band, and dates.

4. Place an IPO bid: On the day the IPO opens for subscription, you can log in to your Zerodha account and go to the IPO section. There, you will find a list of available IPOs. Click on the IPO you want to apply for and enter the details such as the quantity of shares you want to bid for and the price.

5. UPI Authorization: After submitting the IPO application, you will receive UPI mandate request on your UPI app (linked to your bank account). Approve the mandate to block the funds equivalent to the IPO bid amount.

6. Allocation: Once the IPO subscription period is over, and the allotment process is completed, you will receive an allocation of shares in your Demat account if your bid is successful.

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