How to apply for an IPO on Zerodha Console (legacy)
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.
Prerequisites
The prerequisites are identical to the Kite procedure: an active Zerodha account with completed KYC, a demat account at CDSL, a bank account in your own name on NPCI’s UPI for IPO eligibility list with a matching PAN, and a UPI ID mapped to that bank account.
Step-by-step procedure
Sign in to Console
Navigate to console.zerodha.com and sign in with your Zerodha client ID and password. Complete two-factor authentication using the time-based one-time password generated by your authenticator app or the Kite mobile app’s Forgot 2FA recovery flow. The Console dashboard loads with portfolio, funds and reports tiles.
Navigate to Portfolio, then IPO
Click Portfolio in the top navigation, then select IPO from the drop-down or sub-navigation. The IPO landing page lists all currently open issues. Each listing displays the issue name, the price band, the bid opening and closing dates, the minimum lot size, the minimum application amount at the cut-off, and an Apply button. Past applications and their statuses are accessible through the Past Orders tab.
Click Apply on the issue card
Click Apply on the issue you want to bid on. A modal bid entry form opens. Review the issue parameters one final time before proceeding.
Select investor type and enter bid
Select Individual in the investor-type drop-down (the only option in the retail UPI flow on Console). Enter your bid quantity in multiples of the lot size and a price within the price band, or tick the Cut-off option. You can add up to three bids by clicking Add bid. The amount blocked through the UPI mandate is the highest of the three bid values.
Enter UPI ID and submit
Enter your UPI ID in the form username@bank — for example, 9876543210@ybl. Tick the SEBI undertaking checkbox confirming the bid is not a duplicate and you satisfy retail eligibility. Click Submit. The bid status reads Pending Mandate within thirty seconds.
Approve the UPI mandate
Your UPI app receives a Block Funds for IPO push notification. Open the UPI app, authorise the mandate by entering your UPI PIN. The bank places a lien on your savings account. Return to Console; the bid status updates from Pending Mandate to Mandate Accepted.
Mandates must be authorised by 5 PM IST on the bid closing day; late mandates are rejected at the registrar stage.
Check status under Past Orders
On Console, navigate to Portfolio → IPO → Past Orders. The bid card shows the current status: Pending, Mandate Pending, Mandate Accepted, Modified, Withdrawn, Rejected, or after T+1, Allotted (with the number of shares) or Not Allotted.
What can go wrong
- IPO option not visible under Portfolio. Zerodha has been gradually retiring the Console IPO surface in favour of Kite. If the option is missing entirely, the legacy path has been deprecated for your account; switch to Kite web or the Kite mobile app.
- All other failure modes — UPI mandate not received, U16 / ZD / U30 rejections, PAN mismatch, late approval — are identical to the Kite procedure; see the Kite web guide for diagnostics.
Related guides
- How to apply for an IPO on Kite web — the canonical web surface
- How to apply for an IPO on Kite mobile app
- How to modify or withdraw an IPO bid on Zerodha
- How to check IPO allotment status on Zerodha
- How to approve a UPI IPO mandate
References
- How to apply for IPOs and how to stay informed of new ones, Zerodha Support Portal — current canonical surface is Kite; Console is not referenced in the help index.