how to apply an ipo on groww

To apply for an IPO (Initial Public Offering) in India (or most countries), follow these steps:

1. Have a Demat and Trading Account

Open a Demat account to hold your shares electronically.
You’ll also need a Trading account to apply through stockbrokers or apps.

2. Check the IPO Details

Visit websites like NSE, BSE, or financial platforms (like Zerodha, Groww, Upstox, etc.).
Look for IPO opening and closing dates, price band, lot size, and minimum investment.

3. Choose Your Application Method

You can apply through:

ASBA (Application Supported by Blocked Amount) via net banking (most banks offer this).
Brokerage platforms or apps (like Zerodha, Groww, etc.) that provide UPI-based IPO applications.

4. Apply During the IPO Window

Select the number of lots.
Enter your UPI ID (if using a broker platform).
Approve the mandate request from your UPI app (like PhonePe, Google Pay).

What is an ipo

An IPO (Initial Public Offering) is the process by which a private company offers its shares to the public for the first time on a stock exchange. It allows the company to raise capital from public investors, and in return, investors get an ownership stake in the company. After an IPO, the company becomes publicly traded and must follow stricter regulatory requirements.

5. Wait for Allotment

✅ Prerequisites

Ensure you have: Ensure you have:A Groww Demat and trading account.A UPI ID linked to your bank account (e.g., via PhonePe, Google Pay, or Paytm).

📲 Step-by-Step Guide to Apply for an IPO on Groww

Log in to the Groww App
Open the Groww app and log in using your credentials.
Navigate to the IPO Section
Tap on the ‘Stocks’ tab at the bottom, then select ‘IPO’ to view available offerings.
Select the Desired IPO
Browse the list of open IPOs and tap ‘Apply’ on the one you’re interested in.
Enter Bid Details
Provide Your UPI ID
Enter your UPI ID (e.g., yourname@upi) and tap ‘Continue’.
Approve the UPI Mandate
Within a few hours, you’ll receive a mandate request in your UPI app. Approve it to block the required funds.
Confirmation
After approving the mandate, your IPO application will be submitted. You can track its status in the Groww app.

ℹ️ Additional Information

Application Window: IPO applications are typically accepted between 10 AM and 5 PM on trading days.
Fund Blocking: The application amount will be blocked in your bank account upon mandate approval.
Allotment Outcome: If shares are allotted, the blocked amount will be debited, and shares

how to apply an ipo on groww