You can invest in IPOs on Groww using your UPI ID. Here's the process:
- Go to the 'Stocks' section from the Home screen.
- Under 'Products & Tools', click on 'IPO'.
- Select the IPO you want to apply for.
- Enter the number of shares in multiples of the lot size. You can place up to three bids.
- Enter the bid price within the range or choose the cut-off price.
- Enter your UPI ID (find it in your UPI app) and click 'Apply'.
- Open your UPI app and accept the mandate to complete the process.
Your application status will be updated on the same IPO page.
You can also tap the 'INVEST IN IPO' button to go directly to the IPO section.