Initial public offerings (IPOs) remain one of the most attractive ways to invest in businesses locally. Thanks to India’s booming fintech ecosystem, applying for IPOs has become easier than ever, all from your smartphone or web platform. Here are the best platforms you should consider investing in IPO in India this year.
Best Platforms for IPO Investingto growGroww, India’s No.1 Broker, is a popular investment and trading app. The IPO application process is a two-step procedure on the Groww app.
Retail investors, HNIs, employees and shareholders (if quota is available) can apply for an IPO on the Groww app with a pre-application feature for early IPO submissions.
The IPO application process on Groww is designed to be seamless and completely digital. Investors can apply through UPI-based ASBA, select bid quantities, choose limit price options (for retail investors) and approve mandates directly in their UPI applications (GPay/PhonePe, etc.). Investors can also check the IPO allotment status directly on the app once the allotment is completed.
One of Groww’s greatest strengths is how it simplifies complex IPO data into an easy-to-digest format. Instead of requiring investors to wade through lengthy prospectuses, the platform presents essential information in a structured presentation, including
Application details (issue size, lot size, price range, auction dates, required investment, allotment and listing dates)Presentation of the company, Real-time subscription data Strengths and risks, Income trends, Objects of issue (how the company plans to use the collected funds) For investors who want a more in-depth analysis, Groww also provides access to the Red Herring Prospectus (RHP) directly within the app/website. 5 Countries5Paisa is known for its profitable brokerage plans and accessible investment tools. Its IPO application functionality is simple and easy to navigate, particularly aimed at price-sensitive investors.
While the platform doesn’t offer as much research depth as full-service brokers, it provides all the essential information needed to evaluate and apply for IPOs. For investors looking to minimize costs while maintaining functionality, 5Paisa is a practical choice.
Angel OneAngel One combines access to IPOs with strong research and advisory support. In addition to enabling IPO applications, the platform provides internal research reports, expert analysis and subscription information. This makes it particularly valuable for investors who rely on professional recommendations before applying.
Angel One also offers a comprehensive ecosystem of services, including stocks, derivatives, commodities and mutual funds, making it a comprehensive solution for diversified investors.
HDFC SecuritiesHDFC Securities, backed by HDFC Bank, offers an equally robust comprehensive brokerage experience. Investors can apply for IPOs through ASBA directly linked to their bank accounts.
The platform provides search information, subscription tracking, and post-registration support. HDFC Securities is often preferred by investors who value trust, established banking partnerships and comprehensive service over ultra-low brokerage models.
ICICI DirectICICI Direct is a well-established full-service brokerage platform, backed by ICICI Bank. It provides IPO applications along with comprehensive research reports, advisory services and strong bank-broker integration. Investors with ICICI Bank accounts benefit from seamless ASBA integration and seamless fund locking.
ICICI Direct is particularly attractive to traditional investors who value brand reputation, in-depth advisory services and integrated banking relationships.
Pay moneyPaytm Money integrates IPO investing into the broader Paytm ecosystem. Users who already use Paytm for payments and financial services find it convenient to expand their business to IPO apps.
The app supports UPI mandates, displays live subscription figures and offers updates on allotment results. Its all-in-one approach, combining stocks, mutual funds, NPS and IPOs, makes it attractive to investors who prefer to manage their finances within a single app.
Tips before applyingUPI versus ASBA: Most platforms allow you to apply via UPI (fast, convenient) or ASBA (amount blocked in bank until allotment). Choose based on comfort.
No brokerage on IPOs: Most Indian brokers do not charge brokerage fees for IPO applications, but check for Demat or AMC account fees.
Track allocation: Platforms typically provide benefit status and reimbursement tracking directly in the app.ConclusionWhen selecting a platform for IPO investing, consider factors such as ease of use, reliability during high-demand issuances, research availability, brokerage structure, and banking integration. Most platforms today do not offer any brokerage on IPO applications, but Demat maintenance fees and post-listing trading costs may vary. Additionally, ensure that the platform supports smooth approvals of UPI mandates and provides timely status updates of allotments.
