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Want to invest in the next big IPO but not sure how to get started on Groww? You’re in the right place.
Applying for an IPO on Groww is surprisingly simple—the entire process takes less than 5 minutes, and you can do it right from your smartphone. Whether you’re a first-time investor or looking to diversify your portfolio, Groww makes IPO investing accessible to everyone.
In this step-by-step guide, you’ll learn exactly how to apply for IPO on Groww, from opening the app to approving your UPI payment. We’ll walk through each screen, explain the bidding process, and answer common questions so you can invest with confidence.
Let’s get started.
What You Need Before Applying for an IPO on Groww
Before you start the application process, make sure you have these essentials ready:
- Groww Account: A fully verified Groww demat and trading account
- UPI ID: An active UPI ID linked to your bank account (from apps like Paytm, PhonePe, or Google Pay)
- Sufficient Funds: Ensure your bank account has enough balance to cover the IPO application amount
- PAN Card: Your PAN should be linked to your Groww account for KYC compliance
If you don’t have a Groww account yet, you can sign up within minutes directly through the app. The KYC verification process is entirely digital and typically completes within 24 hours.
Understanding IPO Categories on Groww
When you open the IPO section on Groww, you’ll notice several categories. Understanding these will help you make informed investment decisions.
Open Now
These are IPOs currently accepting applications. The subscription period typically lasts 3 working days, and you can apply anytime during this window. Popular IPOs often get oversubscribed quickly, so many investors prefer applying on the first day itself.
Pre-Apply IPOs
Groww allows you to pre-apply for upcoming IPOs 1-2 days before the official subscription period begins. This feature helps you secure your application early, especially useful for highly anticipated IPOs that might see heavy demand.
Recently Closed
This section shows IPOs that have completed their subscription period. You can check the subscription status, allotment basis, and other details here to learn from recent offerings.
Upcoming IPOs
Browse future IPO listings to plan your investments ahead of time. You can review company details, price bands, and set reminders for when applications open.
Step-by-Step Process to Apply for IPO on Groww
Now let’s walk through the complete application process with detailed explanations for each step.
Step 1: Open the Groww App and Navigate to IPOs
Launch the Groww app on your smartphone and log in using your credentials. If you’re using the Groww website, the process remains identical with similar navigation.
On the main dashboard, you’ll see several tabs at the bottom. Click on the IPO tab to access the IPO section. This dedicated section consolidates all IPO-related information in one place, making it easy to track opportunities.
Step 2: Browse Available IPOs
Once you’re in the IPO section, you’ll see a comprehensive list organized by status. The interface displays key information at a glance—company name, subscription dates, price range, and minimum investment amount.
Take time to review the IPO details by tapping on any listing. Groww provides detailed information including company fundamentals, issue size, lot size, and price band. You can also access the company’s DRHP (Draft Red Herring Prospectus) directly from the app.
Step 3: Select Your IPO and Click Apply
Under the ‘Open Now’ section, browse through currently available IPOs. Each listing shows whether it’s open for regular application or pre-application.
When you find an IPO you want to invest in, click the Apply button. For pre-apply IPOs, you can secure your spot before the official subscription period begins, giving you peace of mind for high-demand offerings.
Pro tip: Read the company’s prospectus and check recent news about the company before applying. Groww provides links to these documents right within the app.
Step 4: Enter Bid Details
This is where you specify your investment parameters. You’ll need to make two key decisions:
Number of Shares: Enter the quantity of shares you wish to bid for. This must be in multiples of the minimum lot size specified for that particular IPO. For example, if the lot size is 100 shares, you can apply for 100, 200, 300 shares, and so on.
The app will automatically calculate your total investment amount based on the number of lots you select. Keep in mind that retail investors are typically limited to applications worth up to ₹2 lakhs per IPO.
Bid Price: You have two options here. You can either bid at the cut-off price (which means you’re willing to pay whatever final price is determined) or specify a custom price within the IPO’s price band. Most retail investors choose the cut-off price option to maximize their chances of allotment.
Important: Choosing a price lower than the final issue price will result in your application being rejected, so the cut-off option is usually safer.
Step 5: Enter Your UPI ID
Now comes the payment authorization step. Enter your UPI ID in the designated field. Your UPI ID is the unique identifier associated with your UPI app (like paytm@paytm, yourname@ybl, etc.).
You can find your UPI ID by opening any UPI-enabled app like Paytm, PhonePe, Google Pay, or BHIM. It’s usually displayed in your profile section or payment settings.
After entering your UPI ID, click Continue. The app will validate your UPI ID and proceed to generate a payment mandate request.
Pro tip: Make sure you have the UPI app installed on the same device for a seamless approval process.
Step 6: Approve the UPI Mandate
Within 24 hours of submitting your application, you’ll receive a mandate request notification on your UPI app. This is a request to block the application amount in your bank account—not an immediate debit.
Open your UPI app and you’ll see a pending mandate request from Groww. Review the details carefully:
- Company name and IPO details
- Number of shares applied for
- Total application amount
- Validity period
If everything looks correct, approve the mandate using your UPI PIN. The amount will be blocked in your account but not debited yet. The actual debit happens only if you receive IPO allotment.
Important: You must approve this mandate before the IPO subscription period closes. Missing this step means your application will be cancelled automatically.
What Happens After You Apply?
Once you’ve approved the UPI mandate, your application is officially submitted. Here’s what happens next in the IPO process:
Subscription Period
Your application is now part of the subscription pool. Groww will keep you updated with real-time subscription data—you can check how many times the IPO has been oversubscribed in different categories (retail, HNI, institutional).
Allotment Process
After the subscription period closes, the allotment process begins (typically 3-4 days). If the IPO is oversubscribed, shares are allotted through a lottery system for retail investors. Groww will notify you via app notification and email about your allotment status.
Payment and Refund
If you receive full or partial allotment, the corresponding amount is debited from your blocked funds. Any excess amount is automatically refunded to your bank account within 3-4 working days. If you don’t receive any allotment, the entire blocked amount is released back to your account.
Listing Day
The allocated shares appear in your Groww demat account before the listing date. On listing day, you can track the stock’s performance and decide whether to hold or sell based on your investment strategy.
Groww provides real-time updates throughout this entire journey, keeping you informed at every stage on the same IPO page where you applied.
Tips for Successful IPO Applications on Groww
Maximize your chances of getting IPO allotment with these proven strategies:
Apply Early
While it doesn’t affect allotment odds, applying on the first day ensures you don’t miss the deadline. Technical glitches or forgotten UPI approvals can cost you the opportunity if you wait until the last moment.
Use Multiple Demat Accounts
You can apply for the same IPO using different demat accounts held by family members. Each demat account holder can apply for one retail category application, multiplying your chances of getting at least one allotment.
Always Choose Cut-off Price
Unless you have specific reasons to bid lower, selecting the cut-off price maximizes your allotment probability. It ensures your application remains valid regardless of the final issue price.
Monitor Subscription Status
Keep an eye on the subscription numbers throughout the bidding period. Heavily oversubscribed IPOs indicate strong demand but also lower allotment odds for retail investors. This information helps set realistic expectations.
Check Subscription Data
Review how the IPO is performing across different investor categories. If institutional investors are showing weak interest, it might indicate underlying concerns worth investigating before you commit your funds.
Common Mistakes to Avoid
Many first-time IPO investors make these avoidable errors. Learn from them to ensure a smooth application process:
- Insufficient Bank Balance: Ensure you have enough funds before applying. Applications fail if there’s inadequate balance when you try to approve the UPI mandate
- Wrong UPI ID: Double-check your UPI ID spelling. A single typo will prevent the mandate request from reaching you
- Missing UPI Approval Deadline: Set reminders to check your UPI app. Mandates expire if not approved within the subscription period
- Applying Without Research: Don’t blindly follow IPO hype. Always read the company’s fundamentals, financials, and industry position before investing
- Incorrect Lot Size: Verify you’re entering multiples of the lot size. Applications with incorrect quantities are automatically rejected
Avoiding these mistakes significantly improves your IPO application success rate and overall investing experience.
Checking Your IPO Application Status
Groww makes it incredibly easy to track your application. Simply navigate to the IPO section and select the specific IPO you applied for. The app displays your application status prominently:
- Applied: Your application is submitted and UPI mandate is approved
- Pending UPI Approval: You need to approve the mandate on your UPI app
- Allotted: You’ve received full or partial allotment (quantity shown)
- Not Allotted: Unfortunately, you didn’t receive shares in this IPO
You’ll also receive email and app notifications for important updates like mandate requests, allotment status, and listing day reminders.
Understanding IPO Allotment on Groww
The allotment process determines who receives shares when an IPO is oversubscribed. Here’s how it works for retail investors:
When an IPO receives applications for more shares than available, the registrar uses a lottery system for the retail category. Every valid application has an equal chance of receiving one lot of shares. This means applying for multiple lots doesn’t increase your chances—you’re better off applying through multiple demat accounts if possible.
In cases of under-subscription (rare for popular IPOs), all applicants receive their requested shares. For oversubscribed IPOs, some investors receive full allotment, some partial, and others may not get any shares at all.
Why Choose Groww for IPO Applications?
Groww has emerged as a preferred platform for IPO investing, and for good reason:
- User-Friendly Interface: The intuitive design makes IPO investing accessible even for beginners
- Zero Commission: Groww doesn’t charge any fees for IPO applications
- Comprehensive Information: Access detailed company data, prospectus, and subscription stats within the app
- Quick UPI Integration: Seamless UPI payment process eliminates traditional banking hassles
- Real-Time Updates: Stay informed with instant notifications about your application status
- Pre-Apply Feature: Get ahead of the crowd with early application options
The platform combines powerful features with simplicity, making it an excellent choice for both novice and experienced investors looking to participate in IPOs.
Frequently Asked Questions (FAQs)
Can I apply for an IPO through both the Groww app and website?
Yes, you can use either platform—the process is identical. However, most investors prefer the app for quicker UPI mandate approvals since the notification appears on the same device.
What happens if I don’t approve the UPI mandate in time?
Your IPO application will be automatically cancelled and you won’t be considered for allotment. The mandate request expires once the IPO subscription period closes.
Can I apply for multiple IPOs simultaneously on Groww?
Absolutely. You can apply for as many open IPOs as you want, as long as you have sufficient funds in your bank account for each application’s blocked amount.
How long does it take to receive IPO allotment?
The allotment process typically takes 3-4 working days after the IPO subscription period closes. Groww notifies you immediately once the allotment basis is finalized.
What is the minimum amount required to apply for an IPO on Groww?
The minimum investment varies by IPO and depends on the lot size and price band. It can range from ₹10,000 to ₹15,000 for most retail IPOs, though some may require higher amounts.
Can I modify or cancel my IPO application on Groww?
No, once you submit your application and approve the UPI mandate, you cannot modify or cancel it. Make sure to review all details carefully before confirming.
Do I need to have trading experience to apply for IPOs?
No prior trading experience is necessary. Anyone with a verified Groww demat account and UPI ID can apply for IPOs. The platform guides you through each step.
What happens to my money if I don’t get IPO allotment?
The blocked amount in your bank account is automatically released and becomes available for use within 3-4 working days after the allotment process concludes.
Final Thoughts
Applying for an IPO on Groww is straightforward once you understand the process. The platform’s user-friendly interface, combined with UPI integration, has democratized IPO investing for millions of Indians.
Remember these key takeaways: always apply at the cut-off price for better allotment chances, approve your UPI mandate promptly, maintain sufficient bank balance, and do thorough research before investing in any IPO. The entire application process takes less than 5 minutes, but the investment decisions behind it deserve careful consideration.
With Groww’s transparent process and real-time updates, you’ll always know where your application stands—from submission to allotment to listing day. Start exploring the IPO section today and take your first step toward participating in India’s exciting growth stories.
Ready to apply for your first IPO? Download the Groww app and explore currently open IPO opportunities. Have questions about a specific IPO? Drop a comment below and we’ll help you make an informed decision.