How to Apply for SBI Funds Management Limited IPO on Zerodha
Follow this verified step-by-step walkthrough to submit your application for the SBI Funds Management Limited public issue on Zerodha (Kite) using UPI mandate.
Step-by-Step Application Walkthrough
- Log in to the Zerodha Kite app or web platform.
- Navigate to the 'Bids' section and select 'IPO'.
- Find SBI Funds Management Limited in the list of open issues and click 'Apply'.
- Enter your UPI ID (must be linked to your own bank account registered with PAN).
- Specify the number of lots. Check the 'Cutoff-price' box to bid at the ceiling price.
- Submit the application and open your UPI app (Google Pay, PhonePe, BHIM) to approve the auto-debit mandate before 5:00 PM.
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Frequently Asked Questions
Can I apply for SBI Funds Management Limited IPO using UPI on Zerodha?
Yes, Zerodha supports 100% digital IPO applications via NPCI UPI 2.0 mandate up to ₹5,00,000 per application.
What is the minimum investment for SBI Funds Management Limited IPO?
The minimum bid is 1 lot (25 shares) at the cutoff price of ₹574.00, requiring a blocked amount of approximately ₹14,350.00.
What happens if my UPI mandate for SBI Funds Management Limited is delayed?
UPI mandates are usually delivered within 15 to 45 minutes of submitting the bid on Zerodha. If you do not receive the notification, open your UPI app and check the 'Pending Mandates / Autopay' section.
Can I cancel or modify my SBI Funds Management Limited IPO application on Zerodha?
Yes, you can modify or cancel your bid on Zerodha anytime before the official bidding window closes at 5:00 PM on the final issue date.
Also see: SBI Funds Management Limited IPO Details & Subscription · Check Allotment Status · Zerodha Broker Review