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How to apply in IPO at Groww?

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Groww offers an online and paperless IPO application facility to its customers. Retail individual investors can apply for an IPO through Groww using the UPI as a payment option.

Steps to apply in IPO through Groww using the UPI:

  1. Login to the Groww App or Groww IPO website - https://groww.in/ipo.
  2. Click on the Stocks tab and go to the IPO section.
  3. Select the IPO from the list of open IPOs.
  4. Enter the bid quantity and the bid price.
  5. Click on Continue.
  6. Enter your UPI ID.
  7. Click on Submit Bid.
  8. Open your UPI app and approve the mandate.

In case you do not have a UPI, you can also apply using the ASBA facility through Net banking and provide your Groww Demat account no. IPO applications in NII (HNI) category have to be made using the ASBA facility.

Note:

  • Minor and HUF can't use the Groww IPO app as UPI cannot be used by them.
  • Groww IPO application only allows IPO applications in retail category (less than Rs 2 lakh IPO application) due to limitation with UPI payment gateway.


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