Answer
To invest in IPOs on Share.Market (powered by Groww), follow these steps:
1. Use your Share.Market or Groww account to access the platform.
2. Go to the ‘Stocks’ or ‘IPO’ section to see available IPOs.
3. Pick the IPO you want to apply for.
4. Enter Bid Details:
- Decide on the lot size (number of shares).
- Set a price, preferably the ‘Cut-off price’ for better chances.
5. Provide your UPI ID to block the necessary funds.
6. Apply and Authorise: Click ‘Apply for IPO’. You will get a mandate request on your UPI app soon. Approve it to confirm your application.
7. Check if you were allotted shares on the broker app or registrar’s website.