How does IPO work in the Groww app?

Groww IPO application process is an online, instant, and paperless process. Groww app allows you to apply for an IPO free of charge. You need to have a Demat and trading account with Groww to apply for an IPO through the Groww App.

Groww App maintains a list of Open IPOs, recently closed IPOs, upcoming IPOs, and recently listed IPOs.

You can apply for the desired IPO from the list of open IPOs using the UPI ID. Once applied, you can modify or cancel the IPO application till the IPO window is open.

Groww App allows you to place up to three bids. The App also displays the detailed status of the IPO application at each stage.

Note:

• Groww online IPO application uses UPI as payment gateway.
• Groww online IPO application cannot be used to apply IPO shares in Minor or HUF accounts.
• Groww online IPO application cannot be used to apply under NII (HNI) and Shareholders