Groww IPO Apply 2024

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Groww offers online paperless IPO apply process to customers. If you have an active Groww account then you can apply in IPO online on the Groww platform at zero charges. The discount broker supports hassle-free IPO investment process using UPI ID by login to Groww app or trading website. However, if you don’t have an activate UPI app then you can still purchase IPO using ASBA facility through net banking portal of your respective bank account. Check out the process about how to apply for an IPO online on Groww app through UPI, charges, IPO allotment status, IPO application number, and more.

Current and Upcoming IPO's investment with Groww

Groww IPO Apply Features

The discount broker supports IPO apply process on both the Groww mobile app and web-based trading platform using UPI as a payment gateway. IPO investment on Groww platform provides an abundance of features as follows.

• 100% digital and paperless IPO application process.
• Zero brokerage or no hidden charges on IPO investment with Groww.
• Instant IPO apply through UPI app i.e. PhonePe, Google Pay, or any other BHIM UPI app.
• Cancel or modify IPO application online until the IPO subscription window is open.
• Check all latest IPO including details like open and close date, issue size, price band, lot size, listing date, DRHP, and RHP.
• Apply in IPO through Groww app and website.
• Groww IPO allotment status tracker to check the allotment status.
• Users can place upto 3 IPO bids.
• Apply in IPO without UPI via ASBA or net banking process.

Groww IPO Apply Process through UPI

Groww supports hassle-free IPO application procedure using UPI app by login to the Groww platform on app or website. The broker also accepts pre-IPO apply order from customers and the bid is submitted to the exchange on the IPO opening day.

Steps to apply for an IPO online through UPI on Groww;

1. Login to the groww trading account on app or website.
2. Head to the IPO menu and select the IPO of your choice.
3. Click on Apply tab next to the IPO you want to apply in.
4. Enter bid details like no. of shares, price or else apply at the cut off price and press “Continue” to proceed.
5. Once IPO application form is filled correctly, provide virtual UPI payment ID address and click on Submit Bid.
6. Check the UPI app and authorize the payment mandate request.

Note: You can track the IPO application status under the “Status” tab option on the grow platform.

Apply in IPO on Groww through Net Banking ASBA

If you have Groww Demat Account but you’re not a UPI user then you can apply for an IPO using your bank’s net banking ASBA facility. In this facility, you can purchase IPO through your bank’s net banking portal. Here are the steps to apply in IPO on Groww through ASBA;

1. Visit your bank’s website and login to your account.
2. Register yourself as an IPO Applicant using Groww Demat Account details.
3. Now, go to the “IPO” offering section.
4. Among the list of IPOs available, select the IPO that you wish to apply for and click on “Apply”.
5. Select your account type.
6. Enter all the required details on the IPO application page.
7. Verify all the details entered carefully and click on “Confirm and Apply”.

Note: The ASBA facility allows bank to freeze the application amount till allotment. In case of successful allotment, freezed funds will get debited else, will be released back to your bank account. You can see the allotted shares in your Groww Demat Account.

Groww IPO Charges

Nil charges, yes, Groww supports absolutely free IPO investment facility at zero fees. If you’ve Groww Demat + Trading account then you can purchase IPO online through the Groww app and web platform for Free.

Groww IPO Allotment Status

Groww maintains real-time allotment status tracker to allow users to check the IPO allotment status online on Groww platform. Once the allotment is finalized for an IPO, Groww app will show the allotment status as “Allotted” or “Rejected”. Customers can log in to the Groww app, head to the “IPO” page and click on the “Status” tab just next to the IPO you had applied for. In case if you are successfully allotted with shares then the tab will display “Allotted” message next to the IPO application number and the blocked bid amount gets debited from your bank account and the allotted shares will be credited to the Groww Demat Account. In case you are not allotted with IPO shares, then the status window will display a “Rejected” message.

If allotment is not yet finalized then the tab will display “Approved” text, however, until you have not received and approved the payment or mandate request on UPI app, then the status tab will show text as “Requested”. You will also be notified about the allotment status on your respective email and mobile number.

Alternatively, customers can also check the allotment status on the IPO registrar’s website. You simply need to select the company name and enter PAN card number or Groww IPO application number and the screen will display the status.

Groww IPO Application number

The IPO Application number in Groww is a unique number generated for each client when he/she had subscribed to an IPO. Once you have submitted the IPO bid successfully to the exchange then the application number will be visible under the “Status” tab next to the IPO on the Groww app and website. Groww customers can use the application number to check the IPO allotment status.