Can I apply for SME IPO in Zerodha?

No, You can’t apply for BSE SME IPOs through the UPI ASBA process on Zerodha. By and by, this facility is accessible just for NSE SMEs. The process to apply for SME IPOs is identical to the mainboard IPO.

All about giving of IPO in Zerodha

When you introduce the BHIM UPI application (most recent form) and register your UPI ID, follow the beneath steps to apply for IPOs:

  1. Login to Console and choose ‘Initial public offering’ in the ‘Portfolio’ menu.
  2. Select the IPO you need to apply for from the rundown of open issues.
  3. Enter your UPI ID. The UPI ID is checked to affirm its legitimacy. Be that as it may, we can not check the subtleties of the ledger planned to the UPI ID. You should ensure this UPI ID is planned to your ledger. The IPO application is at risk of getting dismissed because the individual applying is unique concerning the one whose financial balance is utilized to apply.
  4. Place your bid(s). Select the financial backer sort for your application. While setting the offers, numerous amount of parcel size is permitted. Assuming that you wish to apply at the removed cost, essentially click on the checkbox close to ‘Cutoff-cost.’ To put a bid at an alternate value, you can do as such by entering a cost in the ‘Value’ field:
  5. Whenever you’ve finished this large number of steps, click on the checkbox to affirm that you have perused the RHP and different reports and snap-on submit:
  6. Acknowledge command demand on your BHIM UPI App:

What is SME IPO?

An SME IPO is a way for an exclusive Small and medium endeavors (SME) organization to offer its portions to general society interestingly. It gets recorded at BSE SME or NSE Emerge stage. Organizations with the least post-issue capital of Rs 1 crore and a limit of Rs 25 crores are qualified for SME IPO in India. BSE SME and NSE Emerge stages permit SME organizations to raise reserves and get recorded at the trade through an SME IPO.

Specialists offer UPI-based web-based IPO applications, and the banks offer both UPI just as ASBA IPO applications.

How SME IPO differs from normal IPO

  1. The base interest in a common IPO is Rs.12,000 to Rs.15,000 On the other hand for SME IPO it is Rs.1,20,000 to Rs.1,50,000. The vitally long stretch and genuine capital players are considered SME IPOs. 
  2. The base number of allottees for an IPO stays at 100, while for the SME IPO, it is 50 allottees.
  3. The SME IPO’s application size can’t be as much as Rs. 100,000, which is relatively higher than an ordinary IPO wherein the applications range from Rs. 10,000 to Rs.15,000.
  4. An organization opening up to the world through IPO needs to report income on a quarterly premise. Then again, SME IPO needs to report bi-yearly.

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I am the founder of StockIPO website, has a 6+ years experience in stock market industry. Expertise in financial investments, personal finance and IPO. My main aim of this journey too build awareness on personal finance among the young investors.

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