IPO on WebNotes

Applying for an IPO through Zerodha — hub page

Mon, 11 May 2026 00:00:00 +0000

Applying for an Initial Public Offering through Zerodha is, in practice, a two-part task: place a bid through one of Zerodha’s surfaces (Kite web, the Kite mobile app, or the legacy Console) and authorise a UPI mandate that blocks the bid amount in your bank account. This page is a hub that directs you to the right specific guide depending on what you want to do and how much background you need.

Basis of allotment in an Indian IPO

Mon, 11 May 2026 00:00:00 +0000

The basis of allotment is the SEBI-prescribed methodology by which the registrar to an issue of an Initial Public Offering decides which applicants receive how many shares, given that demand from each investor category routinely exceeds the shares reserved for that category. The basis of allotment is the procedural heart of the Indian IPO process. It converts an unprioritised pool of bids into a deterministic allotment file, governed by the SEBI (ICDR) Regulations, 2018 and a body of operational SEBI circulars dating to the introduction of book building in the early 1990s. The completed basis of allotment is published on the registrar website, the lead manager websites, and the stock exchange websites; it forms the legal record on which the depositories credit shares to allottees on T+2 and the listing approval is granted for T+3 trading.

How to apply for an IPO on the Zerodha Kite mobile app

Mon, 11 May 2026 00:00:00 +0000

This guide walks through applying for a mainboard Initial Public Offering on the Zerodha Kite mobile app for Android and iOS. The Kite app exposes the same IPO module as Kite web and as Console (legacy), but with a touch-optimised mobile interface — the navigation is bottom-tab driven, the bid entry form is a full-screen card, and the final Submit control is a swipe gesture rather than a tap. The underlying UPI ASBA mechanism and the regulatory framework are documented in the Initial Public Offering wiki.

How to apply for an IPO on Zerodha Console (legacy)

Mon, 11 May 2026 00:00:00 +0000

This guide documents the legacy Zerodha Console route for IPO applications at console.zerodha.com under Portfolio → IPO. As of mid-2026, Zerodha’s published support documentation routes IPO applications through Kite (web or mobile app), and Console is no longer mentioned in the official IPO application help index. The Console path may still resolve for some clients and is referenced in pre-2025 third-party guides, which is why this guide exists. For new applicants, the canonical surface is the Kite web platform at kite.zerodha.com or the Kite mobile app.

How to apply for an IPO on Zerodha Kite (web)

Mon, 11 May 2026 00:00:00 +0000

This guide walks through applying for a mainboard Initial Public Offering on the Zerodha Kite web platform at kite.zerodha.com. Kite is the canonical surface Zerodha documents for IPO applications as of mid-2026; the same flow is also available on the Kite mobile app (see the Kite app guide) and historically on Zerodha Console (see the legacy Console guide). For the underlying mechanism see the wiki article on UPI ASBA, and for the regulatory background see Initial Public Offering.

How to approve a UPI mandate for an IPO application

Mon, 11 May 2026 00:00:00 +0000

When you submit an IPO bid through any Indian broker, the sponsor bank for that issue pushes a UPI mandate request to whichever UPI app your handle is registered on. Authorising that mandate places a lien on your bank account against the bid value and is what actually makes the bid count — without mandate authorisation, the bid is treated as unconfirmed and rejected at the registrar stage. This guide documents the generic flow, which applies on every NPCI-compliant UPI app, and then lists the app-specific UI variations for the seven most widely used apps.

How to check IPO allotment status on Zerodha

Mon, 11 May 2026 00:00:00 +0000

The IPO allotment status becomes available on T+1, the working day after the bid window closes, once the registrar to the issue finalises the basis of allotment and publishes the file feed to the exchanges and the brokers. As of mid-2026, under the SEBI T+3 listing regime introduced on 1 December 2023, the registrar publishes the basis of allotment by midnight on T+1, the depositories credit allotted shares on T+2, and trading commences on T+3 morning. This guide walks through the four channels through which you can check your allotment status, in roughly the order of speed and convenience.

How to modify or withdraw an IPO bid on Zerodha

Mon, 11 May 2026 00:00:00 +0000

This guide covers two related operations: revising an in-progress IPO bid (changing the quantity or price) and withdrawing it entirely. Both operations are available on Zerodha Kite up to the issue closing time on the last day of subscription (5 PM IST), and both trigger a cancellation of the existing UPI mandate plus the issuance of a fresh mandate that must be re-authorised.

Initial Public Offering (IPO) in India

Mon, 11 May 2026 00:00:00 +0000

An Initial Public Offering (IPO) is the process by which a privately held company offers its shares to the public for the first time on a recognised stock exchange. In India, the IPO process is governed by the Securities and Exchange Board of India (SEBI) through the SEBI (ICDR) Regulations, 2018, with the actual subscription mechanics built around the Application Supported by Blocked Amount (ASBA) framework and the Unified Payments Interface (UPI) for retail applicants. As of mid-2026, the timeline from issue closure to listing has been compressed to three working days (T+3) under a SEBI circular mandatory from 1 December 2023, and the per-transaction cap on a UPI mandate for capital-market use has been raised to ₹5,00,000 under an NPCI notification of September 2025.

UPI ASBA (Unified Payments Interface — Application Supported by Blocked Amount)

Mon, 11 May 2026 00:00:00 +0000

UPI ASBA is the retail-investor payment mechanism for Initial Public Offering applications in India, in which the applicant authorises a one-time UPI mandate that blocks (rather than debits) the application amount in the applicant’s own bank account until allotment is finalised. UPI ASBA is a specific operational form of the broader ASBA framework introduced by SEBI in 2008, layered on top of the Unified Payments Interface (UPI) rails operated by the National Payments Corporation of India (NPCI). It was made compulsory for retail individual investors applying through a stockbroker by SEBI’s Phase II circular of 28 June 2019 and is, as of mid-2026, the only payment route available to retail bidders going through an intermediary such as Zerodha, Groww or Upstox.