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Zerodha Review 2026

India's largest discount broker — Kite and Coin.

Rating
4.5/5
Users
1.6 crore+
Founded
2010
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Key Features

  • ✓ Zero brokerage on equity delivery
  • ✓ Flat ₹20 per order on intraday and F&O
  • ✓ Kite trading platform (web + mobile)
  • ✓ Console for taxes, holdings and P&L

Fee Structure

Account Opening₹200 (one-time)
Annual Maintenance₹300 per year
Equity Delivery₹0
Equity Intraday0.03% or ₹20 (lower)
F&OFlat ₹20 per order
IPO Application₹0

Pros

  • + Clean, reliable trading interface
  • + Transparent flat pricing
  • + Huge user base and strong support docs
  • + Coin for direct mutual funds

Cons

  • − Customer support can be slow during peak hours
  • − No call-and-trade option at the lowest plan
  • − No fundamental research reports

How to Open a Zerodha Account

  1. 1Visit the Zerodha signup page and enter your mobile number
  2. 2Upload your PAN and Aadhaar for e-KYC verification
  3. 3Link your primary bank account for fund transfers
  4. 4Complete the e-sign using Aadhaar OTP
  5. 5Your Kite login will be activated within 24 hours

How to Apply for an IPO on Zerodha

  1. 1Log in to Kite at kite.zerodha.com
  2. 2Click Bids → IPO from the top menu
  3. 3Select the IPO and enter your UPI ID
  4. 4Place your bid at the cutoff price
  5. 5Approve the mandate on your UPI app within 5 minutes

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Frequently Asked Questions

What is the Zerodha IPO application process?

Zerodha supports IPO applications via UPI through Kite. After placing your bid you will receive a mandate request on your UPI app which must be approved within 5 minutes to block the funds.

Is Zerodha safe for IPO applications?

Yes. Zerodha is registered with SEBI as a stockbroker and depository participant. All IPO applications are routed through the NSE and BSE book-building systems.

What is the charge for an IPO application on Zerodha?

There is no charge for applying to an IPO on Zerodha. Fees apply only for secondary-market trades after listing.

Can I apply for an SME IPO on Zerodha?

Yes. Zerodha supports SME IPOs on both NSE Emerge and BSE SME. The minimum lot value for SME IPOs is ₹1 lakh as per SEBI rules.

What is the maximum amount I can apply for in an IPO?

Retail investors can apply for up to ₹2 lakh per application. Larger amounts require applying under the NII (HNI) category.

How do I check my Zerodha IPO allotment status?

Allotment status appears in Kite under Bids → IPO once the registrar publishes it. You can also check directly on the registrar portal.