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Can I buy IPO from Groww?

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Yes, you can easily buy IPO from Groww through the Groww mobile app or the Groww website. Groww offers UPI-based IPO applications to its customers. When using the Groww IPO application, you can only apply in the retail quota of the IPO (Limit up to Rs 2 lakhs).

You also have an option to apply for IPO using the net-banking facility of your bank. While applying for IPO, you could provide your Groww Demat account number. The shares are credited to your Groww account after allotment.

Note:

  • You cannot use the Groww IPO application to apply in HNI and Shareholders category.
  • You cannot apply IPO share for Minor and HUF accounts using the Groww IPO app.

Steps to buy an IPO from Groww

  1. Login to the Groww website or app
  2. Click on the IPO section under the Stocks tab.
  3. Select the IPO from the list of open IPOs.
  4. Input the bid quantity and bid price.
  5. Enter your UPI ID.
  6. Click on Apply for IPO button.
  7. Open your UPI app and approve the payment mandate.


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