Groww IPO Review (Apply Steps, UPI and Allotment Status)

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.

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.

 

 Open Instant Account (Start Trading Today)

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.

 

 Open Instant Account (Start Trading Today)

Yes, you can buy IPO on Groww using the UPI payment gateway.

Groww offers an online and paperless IPO facility to its customers.

 

 Open Instant Account (Start Trading Today)

Groww offers an online and paperless IPO application facility to its customers. Groww offers an online and paperless IPO application facility to its customers. Retail individual investors, employees (if eligible), HNIs and shareholders (if applicable) 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.

 

 Open Instant Account (Start Trading Today)

In case you do not have a UPI ID, you can apply in IPO using the ASBA Net banking facility and providing Groww Demat account no.

Steps to Apply in an IPO using the Net banking ASBA facility (without UPI):

1. Log in to your Net banking account.
2. Go to the IPO section of the website.
3. Select the IPO you would like to apply for from the list of active IPOs.
4. Select your account and enter your details on the application page and provide your Groww Demat account no.
5. Confirm and apply.

 

 Open Instant Account (Start Trading Today)

Once the IPO allotment is finalised, investors can check the allotment status on the Groww app/website. The status of the IPO application will be shown in the status window of the applied IPO.

The status window shows the details of your bids, the status of your IPO, and the IPO schedule. In case of successful allotment, the status window will read as 'Allotted' against your application number.

Alternatively, you can check for the Groww IPO application allotment status from the IPO registrar's website or on our website at IPO Allotment Status Page.

 

 Open Instant Account (Start Trading Today)

Groww offers free online IPO application services to its customers. Groww does not charge any fees to apply in an IPO through the Groww trading platform.

 

 Open Instant Account (Start Trading Today)

Selling IPO shares in Groww is like any normal sell order. Once you get an allotment in an IPO, the shares get transferred to your Groww Demat account. You can sell these shares once they get listed on the stock exchanges.

Steps to sell IPO in Groww App:

1. Log in to the Groww app or web account.
2. Go to the Holdings tab.
3. Select the IPO stock that you want to sell.
4. Click on Sell.
5. Enter trade details as required viz. Quantity, Price, Order type.
6. Verify sell order through TPIN.
7. Enter OTP received on your phone and mail address.
8. Click on Sell.

 

 Open Instant Account (Start Trading Today)

You can cancel your IPO online in the Groww app anytime when the IPO window is open.

Steps to cancel IPO in Groww App

1. Log in to your Groww mobile app.
2. Go to the IPO section in the Stocks section.
3. Click on the 'Status' button against the applied IPO.
4. Click on 'Cancel Application' and 'Done' to confirm the cancellation.

Once the IPO application gets cancelled, the blocked amount gets released in a couple of days for you to use.

 

 Open Instant Account (Start Trading Today)

You can check the allotment status of your IPO application on Groww once the allotment gets finalized.

Steps to check your IPO allotment in Groww:

1. Log in to the Groww App OR Groww website (https://groww.in/ipo)
2. Go to the IPO section.
3. Click on the 'Status' tab under the applied IPO that displays the detailed status of your IPO application along with allotment status.

Alternatively, you can also check the status of your IPO allotment on our website at IPO Allotment Status Page or from the Registrar's website.

If you get a successful allotment in an IPO, the shares get credited to your Groww Demat account by the date of the credit as specified in the IPO prospectus.

 

 Open Instant Account (Start Trading Today)

You can check the status of your applied IPO on the Groww app or Groww website under the IPO section. The Status button is visible only once you apply for an IPO.

Steps to check the IPO status in Groww

1. Login to the Groww App or Groww IPO web.
2. Go to the IPO section.
3. Click on the Status button against the applied IPO that will display the below details-

• IPO Application Status
• UPI Payment Status
• IPO Allotment Status

 

 Open Instant Account (Start Trading Today)

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.

 

 Open Instant Account (Start Trading Today)

The procedure to apply for SME IPOs in Groww works the same as Mainboard IPOs.

Note:

• Groww's IPO application allows you to apply for Mainboard and SME POs getting listed at BSE, NSE, BSE SME, and NSE Emerge.

 

 Open Instant Account (Start Trading Today)