How to Apply IPO in Zerodha (Kite)? Step by Step Process

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Zerodha

Zerodha is India’s No. 1 stockbroker. It is the biggest and most well-known broker contribution online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, and Direct Mutual Funds.

Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for a request for (any size, amount, or segment).

Zerodha Charges 2021

Zerodha Account Opening Charges

Zerodha account opening charges are Rs 200 for online account opening. If you choose to open an account offline, you will be charged Rs 400. The Demat account AMC is Rs 300 per year.

Transaction Charges
Trading &Demat Account Opening Rs 200
Trading Account AMC Rs 0
Demat Account AMC Rs 300 per year

Zerodha Brokerage Charges 2020

Zerodha follows a fixed brokerage model wherein it charges a flat Rs 20 or 0.03% (whichever is lower) per executed order. It charges zero brokerage on equity delivery. The maximum brokerage chargeable per order is Rs 20.

Trading Segment Brokerage Charges
Equity Delivery Rs 0 (Free)
Equity Intraday Flat Rs 20 or 0.03% (whichever is lower) per executed order
Equity Future Flat Rs 20 or 0.03% (whichever is lower) per executed order
Equity Options Flat Rs 20 per executed order (on Turnover)
Currency Futures Flat Rs 20 or 0.03% (whichever is lower) per executed order
Currency Options Flat Rs 20 or 0.03% (whichever is lower) per executed order
Commodity Flat Rs 20 or 0.03% (whichever is lower) per executed order
Mutual Fund Rs 0 (Free Unlimited Direct MF)

Zerodha Equity Charges

Zerodha charges Rs 0 (no brokerage) for equity delivery trades. For intraday trading, they charge flat Rs 20 per executed order or 0.03% (whichever is lower) on both sides.

Charge Type Equity Delivery Equity Intraday
Brokerage Rs 0 (No Brokerage) Flat Rs 20 or 0.03% (whichever is lower)
Securities Transaction Tax (STT) 0.1% on both Buy and Sell 0.025% on the Sell Side
Transaction / Turnover Charges NSE: 0.00325% | BSE: 0.003% per trade (each side) NSE: 0.00325% | BSE: 0.003% per trade (each side)
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges 0.0001% (Rs 10/Crore) 0.0001% (Rs 10/Crore)
Stamp Charges 0.015% (Rs 1500 per crore) on buy-side 0.003% (Rs 300 per crore) on buy-side

Zerodha F&O Charges

Zerodha F&O brokerage charge is flat Rs 20 per executed order or 0.03% (whichever is lower). You also have to pay taxes like STT, Transaction Fee, GST, SEBI charges, and Stamp Duty.

Charge Type Equity Futures Equity Options
Brokerage Flat Rs 20 or 0.03% (whichever is lower) Flat Rs 20 or 0.03% (whichever is lower)
Securities Transaction Tax (STT) 0.01% on Sell Side 0.05% on Sell Side(on Premium)
Transaction / Turnover Charges NSE: 0.0019% | BSE 0.003% (each side) NSE 0.05% | BSE 0.003% (each side) (on premium)
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges 0.0001% (Rs 10/Crore) 0.0001% (Rs 10/Crore)
Stamp Charges 0.002% (Rs 200 per crore) on buy-side 0.003% (Rs 300 per crore) on buy-side

Zerodha Currency Charges

Zerodha currency brokerage charge is flat Rs 20 per executed order or 0.03% (whichever is lower). In addition to brokerage, the customer has to pay taxes like STT, Transaction Fee, GST, SEBI charges, and Stamp Duty.

Charge Type Currency Futures Currency Options
Brokerage Flat Rs 20 or 0.03% (whichever is lower) Flat Rs 20 or 0.03% (whichever is lower)
Securities Transaction Tax (STT) No STT No STT
Transaction / Turnover Charges NSE: 0.0009% | BSE: 0.00022% NSE: 0.035% | BSE: 0.001% (on premium)
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges 0.0001% (Rs 10/Crore) 0.0001% (Rs 10/Crore)
Stamp Charges 0.0001% (Rs 10 per crore) on buy-side 0.0001% (Rs 10 per crore) on buy-side

Zerodha Commodities Charges

Zerodha commodity brokerage charge is flat Rs 20 or 0.03% (whichever is lower) per executed order. Along with this, customers have to pay taxes like STT, Transaction Fee, GST, SEBI charges, and Stamp Duty.

Charge Type Commodity Futures Commodity Options
Brokerage Flat Rs 20 or 0.03% (whichever is lower) Flat Rs 20 or 0.03% (whichever is lower)
Securities Transaction Tax (STT) 0.01% on sell side (Non-Agri) 0.05% on sell side
Transaction / Turnover Charges Group A: Exchange txn charge: 0.0026%
Group B: Exchange txn charge: Pepper – 0.00005%, Castorseed – 0.0005%, Rbdpmolein – 0.001%
Rs 0
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges 0.0001% (Rs 10/Crore) 0.0001% (Rs 10/Crore)
Stamp Charges 0.002% (Rs 200 per crore) on buy-side 0.003% (Rs 300 per crore) on buy-side

Note: SEBI charges for Agri products are 0.00001% (Rs 1/Crore).

Zerodha Fee Structure

  • Protections Transaction Tax (STT): This is charged distinctly on the sell side for intraday and F&O trades. It is charged on the two sides for Delivery trades in Equity.
  • Transaction Charges (Exchange Turnover Charges): This fee is charged by the stock trades for utilizing their exchanging stage.
  • Labor and products Tax (GST): This is charged at 18% of the all out cost of brokerage plus transaction charges.
  • SEBI Charges: This is charged at Rs 10 for every Crore.
  • Stamp Duty: Eq Delivery – 0.015% (purchase side), Eq Intraday – 0.03% (purchase side)

Zerodha Hidden Charges

Zerodha brokerage hidden charges incorporate call and trade charges, position got down to business by broker and SMS trade alerts as clarified underneath:

1. Call and Trade include is available at an extra cost of Rs 50 for every call.

2. Additional charge of Rs 50 for every executed request for MIS/BO/CO positions that do not get down to business by the client.

3. Digital Contract notes are emailed. Actual copies of contract notes can be requested at an additional charge of Rs 20 for each contract. Messenger charges are extra.

4. Trade SMS alerts (optional) are charged at Rs 1 for Equity, F&O, and Currency trade alerts and Rs 0.50 for Commodity trade alerts.

5. Instant payment gateway charges for more than 22 banks: Rs 9 for every fund transfer.

6. DP charges for delivery based equity selling: Rs 13.5 + GST per transaction

How to Apply IPO Using Zerodha?

1. Login to Console and select ‘IPO’ in the ‘Portfolio’ menu.

IPO in Zerodha

2. Select the IPO you want to apply for from the list of open issues.

3. Enter your UPI ID. The UPI ID is checked to confirm its validity. However, we will not be able to check the details of the bank account mapped to the UPI ID. You should make sure this UPI ID is mapped to your personal bank account. The IPO application is liable to get rejected if the person who is applying is different from the one whose bank account is used to apply.

4. Place your bid(s). Select the investor type for your application. While placing the bids, only quantity that is a multiple of the lot size is allowed. If you wish to apply at the cut-off price, simply click on the checkbox next to ‘Cutoff-price’. If you want to place a bid at a different price, you can do so by entering a price in the ‘Price’ field:

5. Once you’ve completed all these steps, click on the checkbox to confirm that you have read the RHP and other documents and click on submit:

6. Accept mandate request on your BHIM UPI App:

7. You will receive a mail IPO application details:

At the end of the day after submitting the IPO bid, you will receive an SMS from the exchange confirming your application. Meanwhile, to check the status of your order you can select the IPO you have applied for and you’ll be able to see the last updated bids in your application.

More Details: Financial Solving

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