Groww is one of the leading brokerage company which provides all the facilities to invest money in stock market ( Direct Stocks , ETF , Mutual Fund etc... ) . If you want to invest in an IPO through Groww app read the complete article .
In this article we will discuss about how to Apply for IPO in Groww . Remember that your UPI ID required while applying for IPO in any app .
How to Apply for IPO in Groww through UPI
• First Login to your Groww Aap .
• Go to the IPO Section .
• Select the IPO which you want to invest in .
• Enter the price at which you want to Apply for shares and number of Lots .
• Fill the application Form and provide UPI ID .
• Approve the block funds request on UPI app .
• The Process of Apply IPO is completed .
Read also : How to Apply for IPO in Upstox
How to Apply for IPO through ASBA
If you are facing any problem while applying for IPO through Groww app , you can Apply through your Bank application . Here is the step by step guidelines .
• First Login to your Net Banking ( HDFC ) account using Customer ID and Password .
• Go to the request Tap ( Left side of the screen ) .
• Scroll down and find the IPOs .
• Here you can see the current IPOs .
• Choose the IPO which you want to buy and click on Apply .
• On the Next page you have to fill the required details ( Number of shares you want to bid and your bid price and other details such as Name , address details , Bank account number , PAN , Date of Birth and Nationality ) .
• Once you proceed , you will be asked to Confirm the amount to be blocked from your account , agree to the Terms and Conditions & Submit the IPO application .
Read also : How to Apply for IPO in Angel one
Documents Required for Applying IPO
You have to Submit some required documents while applying for an IPO . Here is the details .
• PAN Card
• Aadhar Card
• Address Proof
• Identity Proof
Things to know before applying for IPO
• You must Research the company thoroughly .
• You should understand the entire process before applying for an IPO .
• You must fill the application form correctly to avoid rejection .
• The process of buying IPO is different as compared to buy secondary Market .
• Once you Apply for the IPO , the amount will be blocked for use from your bank account .
• The amount will be shown in your Bank account but will not available for Withdrawal .
• The Money will get debited after the allotment is finalized .
Read also : How to Apply for IPO in Zerodha
FAQ'S on Buying IPO in Groww
How to Apply IPO from Groww ?
• First Login to your Groww Aap .
• Go to the IPO Section .
• Select the IPO which you want to invest in .
• Enter the price at which you want to Apply for shares and number of Lots .
• Fill the application Form and provide UPI ID .
• Approve the block funds request on UPI app .
• The Process of Apply IPO is completed .
What are the steps to Apply for an IPO ?
First Login to your Net Banking ( HDFC ) account using Customer ID and Password .
• Go to the request Tap ( Left side of the screen ) .
• Scroll down and find the IPOs .
• Here you can see the current IPOs .
• Choose the IPO which you want to buy and click on Apply .
• On the Next page you have to fill the required details ( Number of shares you want to bid and your bid price and other details such as Name , address details , Bank account number , PAN , Date of Birth and Nationality ) .
• Once you proceed , you will be asked to Confirm the amount to be blocked from your account , agree to the Terms and Conditions & Submit the IPO application .
