How To Apply SBI Cards IPO Through Zerodha?

Finance Guru Speaks: This is an exclusive article to provide you information on how you can apply/buy the upcoming SBI Cards IPO through Zerodha.

Inorder to buy SBI Cards IPO, you need to open a Demat Account. Without this, you will miss the golden opportunity to buy this exclusive IPO.

Zerodha, as a Trading and Demat Account, has gained very wide popularity because of very low-cost trading and ease of use. If you don't have the Zerodha account, then you can open it through this LINK. It is very easy to open a Demat Account in Zerodha.

How To Buy SBI Card IPO

Once your Zerodha Account is opened through this LINK or you are an existing Zerodha Account Holder, then follow below steps to buy the upcoming SBI Cards IPO:-

1. Open Zerodha platform home page and login using your User ID/Password & PIN after clicking here:-

Zerodha Login

2. In the Home Page, Click on Portfolio -> IPOs, as shown below:-

Zerodha - Buy IPO

3. You can find the details of upcoming SBICARDS IPO on the Next page:-

(Click to enlarge) Zerodha - SBI Card IPO Details

4. On 02-March-2020, SBI Card IPO will be opened. The sample screen will be shown as below. You need to click on BID button once this IPO is opened:-

(Click to enlarge) Zerodha - Buy SBI Card IPO

5. Provide your UPI ID and Click on Verify button:-

Zerodha - Verify UPI ID for Buying IPO

NOTE: The IPO application will be rejected if the person who is applying through a UPI ID which is not related to his/her bank account. In other words, please make sure to use your Bank Account's linked UPI ID.

6. Now, place your IPO BID. Here, as an example, we are buying 1 Lot (having 19 Shares of SBI Cards) at upper Cut-Off Price of INR 755:-

Zerodha - Place SBI Card IPO Bid

7. Now, Submit the IPO BID:-

8. Open your UPI App (Example: BHIM UPI App) and accept the Mandate of this IPO Amount.

Congratulations on successful Online application of SBICards IPO through Zerodha.

If your luck favors, you will get one Lot of this IPO. As it will be in too much demand, it's very difficult for the Retail Investors to get more than 1 Lot. Wish you the best!! 😇


Images Courtesy: Zerodha Website, SBI Cards Website