Thursday, October 5, 2017

How to apply for an IPO simple steps

IPO cannot be subscribed directly for Zerodha platform. Client can either do it through net banking or submitting the Offline IPO application form to his bank branch. For Offline process he may be asked for Zerodha demat client master report hardcopy.
How to apply Online:
I am explaining using HDFC bank.
  • Login to your NetBanking Account
  • Click on the link named "IPO Application" under Request on the left side menu.
    (Other banks will have an option for ASBA)
  • Select one of the IPOs you want to apply for and mention up to 3 bids.
  • Enter your depository details.
  • Place and confirm your Order.
  • You would then be required to accept the "Terms & Conditions" before submitting the bid.
Zerodha Demat details:
Depository Name: Zerodha Securities Pvt Ltd.
Depository Participant: CDSL
Demat Account number: DP ID+ Beneficiary ID
For Example: DP ID: 12081600 & Beneficiary ID: 12345678
So client needs to mention combination of above ID's(16 digits): 1208160012345678 

For SBI bank account use the following link
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