No, you cannot use your Groww balance to apply for an IPO due to regulatory restrictions. Payments must be made from your linked bank account, and the required amount will be blocked until the IPO share allotment is done.
You can apply for an IPO in two ways:
- IPO Bid via UPI: Use any supported UPI app to place your bid on Groww. You'll receive a UPI mandate to block the amount; accept it to confirm your IPO application. translate only this
- IPO Bid via Netbanking (ASBA): Apply for an IPO using the ASBA process through your net banking account. Log in and use your Groww Demat account number to apply.