Investing in IPOs (Initial Public Offerings) has become easier than ever in India. Gone are the days of filling long physical forms and visiting banks. Today, you can apply for an IPO in just a few taps using your smartphone.
If you’re looking to invest in upcoming IPOs, here’s a curated list of the best apps to apply for IPOs in India, based on ease of use, reliability, features, and overall user experience.
Best Apps to Apply for IPO
Groww
Groww is India’s best investment app with millions of active users. The platform offers a fully digital IPO application process powered by UPI, allowing retail investors, HNIs, employees, and shareholders (if eligible) to apply for an IPO within minutes.
What makes Groww stand out is its clean, clutter-free interface and simplified presentation of IPO details such as price band, lot size, issue size, company fundamentals, and subscription status. Investors can also track their application status directly within the app.
Dhan
Dhan is a technology-first brokerage platform that provides a seamless and quick application process for the IPO. Dhan enables the retail and HNI investor to execute an IPO in seconds through a completely digital, UPI-based mandate system. Users can easily access all the fundamental details of the IPO like issue size, price band, lot size, minimum investment required, etc., directly on the Dhan clean and intuitive interface.
What makes Dhan stand out is its innovative pre-apply feature, where investors can apply for IPO bids even before the official opening of the issue for subscription. Along with zero charges for IPO applications, Dhan offers real-time tracking of the IPO subscription status and allotment updates. Dhan is a compelling option to active traders and long-term investors who are keen on a fast, clutter-free and feature-rich digital ecosystem for IPO investing.
ICICI Direct
ICICI Direct is a well-established full-service brokerage platform backed by ICICI Bank. It offers IPO applications through both ASBA and UPI mechanisms, providing flexibility to investors. The platform is known for its strong research coverage, in-depth company analysis, and credibility in the financial services industry.
While brokerage charges may be higher compared to discount brokers, ICICI Direct appeals to long-term investors who value brand trust, integrated banking services, and detailed advisory support.
Paytm Money
Paytm Money offers a digital-first approach to IPO investing, making it convenient for users already active in the Paytm ecosystem. The app provides a simple and intuitive IPO application journey through UPI, along with easy access to IPO details such as timelines, price bands, and lot sizes.
The clean interface and integration with other Paytm financial services add to its convenience. Paytm Money is suitable for investors who prefer a straightforward platform without complex trading features.
Upstox
Upstox is a fast-growing brokerage platform that provides a seamless IPO application process through UPI mandates. Users can view live IPO updates, issue details, and subscription data within the platform. Upstox is particularly appealing to investors looking for competitive brokerage charges alongside a smooth IPO application flow. Its improving interface and expanding feature set make it a strong contender in the IPO investing space.
Angel One
Angel One blends traditional full-service brokerage expertise with modern digital investing tools. The platform allows investors to apply for IPOs through a straightforward UPI-based process. One of Angel One’s key strengths lies in its in-app research reports and expert analysis, which help investors evaluate IPO opportunities more thoroughly.
With detailed company insights, smart recommendations, and customer support, Angel One appeals to investors who prefer research-backed decision-making rather than purely self-directed investing.
Conclusion
All the above platforms provide a convenient way to apply for IPOs in India, but the right choice depends on your investing style. If you are new and prefer simplicity, beginner-focused platforms can be a good starting point. If you are an active trader seeking deeper analytics and tools, more advanced brokerage platforms like Groww may suit you better. Evaluating ease of use, research access, charges, and overall reliability will help you select the right app for your IPO investments.
