How to invest in IPO using Groww?

Groww offers an online and paperless IPO application facility to its customers. You can invest in IPO through Groww using the Groww mobile App or the Groww web.

Steps to invest in IPO using Groww:

1. Log in to your Groww account.
2. Go to the IPO section.
3. Click on Apply against the desired IPO.
4. Enter the bidding details. (Bid Price and Quantity)
5. Enter your UPI ID.
6. Approve the mandate on the UPI App.

After applying for the IPO, the equivalent application amount gets blocked from your bank balance. The amount will show up in your account, but it cannot be used or withdrawn.