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How to apply Zerodha IPO with UPI?

  • First step is Download the BHIM UPI app or BHIM UPI 2.0 enabled App from Google Play Store and register your UPI ID.
  • Login to Zerodha Console (Zerodha Back-office) and go to "Portfolio" menu and select "IPO" option.
  • Select the IPO which you want to apply from the list of open issues and Click Apply.
  • Once you select an IPO to apply for, you'll see all the details of the offer, like open date, close date, issue size, lot size, etc.
  • Enter your UPI ID and click on "verify".
  • Place your bid(s):Select the investor type for your application. Place the bids in the multiple of the lot size. If you wish to apply at the cut-off price, simply click on the checkbox next to 'Cutoff-price'. If you want to place a bid at a different price, you can do so by entering a price in the 'Price' field.
  • Once you've completed all these steps, click on the checkbox to confirm that you have read the issue size, lot size, and DRHP and click on submit.
  • Once you click on submit, you'll receive a Block mandate request on your UPI app.
  • You need to enter your UPI pin and your amount would get blocked.
  • In the case of Full Allotment-Funds will get debited.
  • In case of Partial Allotment-Some Shares will be allocated and partial funds will be unblocked.
  • In case of No Allotment-Blocked funds will be unblocked after end date or expiry date.

Topic: Zerodha FAQs

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