As a discount broker, Zerodha doesn't provide booking IPO directly through its platforms till now, a customer can apply for IPO online through net banking with ASBA facilities .
I can guide you how to apply for IPO with SBI net banking using Zerodha Demat account:
- Log in to SBI net banking.
- Click on Profile menu.
- Click on Manage IPO Applicant and add IPO applicant details providing Name, PAN, Depository (where your Demat is held, Zerodha Demats are under CDSL), 16 digit Beneficiary DP A/C number (you will find it on Q back office/client master report. This is a combination of DP ID and Client ID. Zerodha’s DP ID is 12081600 and it will be followed by a unique 8 digit Client ID).
If the IPO applicant is already added in OnlineSBI, then:
- Click on e-services menu and go to Demat & ASBA Services on the left side
- Click on IPO (Equity) or IPO (Debt) under ASBA Services (IPO)
- Accept the terms of ASBA facility
- Select the IPO company you want to book under Apply IPO tab and click on Go
- Read and accept the terms of undertaking as ASBA investor to the Board of Directors of the IPO company.
- You will find IPO details and below you have fill the details like category (Individual/Employees/Shareholders), Name, PAN, Depository (NSDL/CDSL), bid price, quantity in the screen shown. (one need not fill the details as the fields will be auto filled up after selection of registered applicant) and click Submit.
Note: You must have the balance required for booking. The amount will remain at your account but blocked till you get the booked shares at your Demat account. If you don't get allotment of shares, the amount will be automatically unblocked and you can withdraw.