Applying for an IPO through Zerodha, hub page
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.
Conflict-of-interest disclosure. This guide is published by the WebNotes Editorial Team for informational purposes and is written independently. WebNotes operates a Zerodha account-opening referral programme, disclosed on the pages that carry the referral link; this guide does not carry it and earns no referral commission from the procedure described here.
Pick a how-to guide
The bid submission and mandate approval workflows differ slightly by surface. Pick the guide that matches the surface you are using:
- Apply for an IPO on Kite web , the canonical surface Zerodha currently documents, accessed at kite.zerodha.com. Navigation: Bids → IPO. Best for desktop users.
- Apply for an IPO on the Kite mobile app , the touch-optimised flow on Android and iOS, accessed under Bids in the bottom navigation. Submit is a swipe gesture.
- Apply for an IPO on Zerodha Console (legacy) , the older route at console.zerodha.com under Portfolio → IPO. Zerodha’s current support index no longer references this path; documented for clients who still encounter it.
Once you have submitted the bid:
- Approve the UPI mandate , the per-app authorisation walkthrough for Google Pay, PhonePe, Paytm, BHIM, Amazon Pay, WhatsApp Pay and bank-own UPI apps. The mandate must be authorised by 5 PM IST on the bid closing day.
- Modify or withdraw an IPO bid , the once-or-twice-per-issue revision flow if you want to change quantity or price, or withdraw entirely before the bid window closes.
- Check IPO allotment status , the four channels (Zerodha Kite, registrar portal, BSE / NSE portal, bank statement) for confirming whether your bid resulted in an allotment on T+1.
Read the background (wiki)
If you want to understand the underlying mechanism, the regulatory framework or the allotment methodology, these are the encyclopedic references:
- Initial Public Offering (IPO) in India , the umbrella article covering the history of the application process (pre-2008 paper, 2008 ASBA, 2018 UPI, 2023 T+3), the SEBI ICDR framework, the investor categories (RII, NII, QIB, anchor), the book-building mechanics, the categories of public issues (mainboard, SME, REIT, InvIT, FPO), retail eligibility prerequisites, the comparison with OFS and rights issues, and the taxation of allotments under the 2024 Finance Act revisions.
- UPI ASBA , the mechanism encyclopedia: the regulatory stack (SEBI + NPCI + RBI), the six-stage end-to-end flow, the five counterparty roles (sponsor bank, issuer bank, NPCI, registrar, exchange), the transaction-limit history through 2025, the UPI 2.0 mandate construct, common failure modes (mandate not received, U16 / ZD / U30 rejection codes, propagation lag, ineligible-bank rejection), and a comparison with bank ASBA via NetBanking.
- Basis of allotment , how the registrar decides who receives shares: the T+1 / T+2 / T+3 timeline, the registrar’s responsibilities, the category-wise allotment methodology (retail lottery, NII proportionate-within-sub-category, QIB discretionary, anchor lock-in), the allotment-file structure, and edge cases (heavy oversubscription, partial subscription, failed issues, issue withdrawal).
At a glance
| Question | Where to look |
|---|---|
| How do I apply on Kite web? | How-to: Kite web |
| How do I apply on the Kite mobile app? | How-to: Kite mobile app |
| How do I approve the UPI mandate? | How-to: Approve UPI mandate |
| Can I change my bid after submitting? | How-to: Modify or withdraw |
| Did I get an allotment? | How-to: Check allotment status |
| What is an IPO? | Wiki: Initial Public Offering |
| What is UPI ASBA? | Wiki: UPI ASBA |
| How does allotment work? | Wiki: Basis of allotment |
| What is the listing day timeline? | Wiki: IPO listing day |
| What is a Red Herring Prospectus? | Wiki: Red Herring Prospectus |
Why this hub exists
This page replaces an earlier long-form article that tried to be both an encyclopedic reference and a step-by-step procedure in one place. The combined approach served neither reader well, readers who wanted to do the task had to scroll past regulatory background to find step 1, while readers who wanted to understand the topic found conceptual content interleaved with procedural detail. The split into three wiki articles plus six how-to guides is the response, and is the pattern webnotes.in follows for every subject.