Answer
To apply for an IPO in the employee quota with Zerodha, follow these steps:
Eligibility Check: Ensure you are a permanent or full-time employee of the company or its subsidiaries (as perhe Red Herring Prospectus (RHP)).
Application Process:
- Log in to Kite or go to the Console (console.zerodha.com).
- Navigate to Bids > IPO.
- Click “Apply” for the IPO you are interested in.
- Choose “Employee” as your investor type.
- Enter your PAN, UPI ID, and the bid quantity (must be a multiple of the lot size).
- Submit your application and accept the UPI mandate on your phone before 5 PM on the closing date.
Additional Information:
- You can apply in multiple categories (Employee, Retail, or Shareholder) using the same PAN.
- Be aware that the application amount for employees may have specific limits outlined in the company offer document.