Investing in an Initial Public Offering (IPO) can be one of the most rewarding ways to enter the stock market at the ground floor of a promising company. But your choice of platform makes a big difference, from ease of application to real-time tracking and seamless payouts. Here are the top platforms in India to consider for your IPO journey.
Best IPO Investment Platforms
Groww
Groww, India’s No. 1 stockbroker, stands out as the best IPO investment platform in India due to its seamless, clutter-free investing experience.
The platform covers the entire IPO journey end-to-end. It brings together all upcoming, ongoing, and recently closed IPOs on a single dashboard. All the investor categories, whether HNIs, retail or others (employees, shareholders, etc.), can apply for both mainboard and SME IPOs through Groww in just two clicks.
Groww also allows users to modify or cancel bids easily before the issue closes (for the retail category). Once the allotment results are out, investors can also check the allotment status directly on the Groww app. If the IPO is allotted, the shares are automatically credited to the Groww Demat account before the listing date.
Investors can view detailed IPO information such as company background, issue size, price band, lot size, financial performance, strengths, and risks on the IPO page itself.
Angel One
Angel One differentiates itself by combining IPO investing with strong research and advisory support. In addition to enabling UPI- and ASBA-based IPO applications, Angel One provides users with expert insights, IPO recommendations, and analysis that can help investors better evaluate opportunities.
This makes the platform suitable for those who prefer data-backed decision-making rather than applying to IPOs purely based on market buzz.
Paytm Money
Paytm Money offers IPO investing as part of a broader wealth management ecosystem that includes stocks, mutual funds, and other financial products. The platform allows users to apply for IPOs through UPI in a simple and intuitive manner, especially appealing to those already using the Paytm ecosystem.
While Paytm Money focuses more on convenience than deep research, it works well for investors who want to manage multiple investment products in one place.
HDFC Securities
HDFC Securities is a full-service broking platform that caters to investors seeking premium services and professional guidance. These platforms provide detailed IPO research reports, expert recommendations, and strong customer support, often along with banking integration for ASBA-based applications.
While their services may come at a higher cost compared to discount brokers, they are well-suited for investors who value advisory support and in-depth analysis.
5Paisa
5Paisa is a low-cost brokerage platform that provides basic IPO application functionality at minimal charges. It appeals primarily to budget-focused investors who want a simple and direct way to apply for IPOs without additional features or research tools. While the platform is functional, it may not be as intuitive or feature-rich as newer fintech apps.
Upstox
Upstox has gained popularity for offering a quick and accessible IPO investing process. The platform allows investors to apply for IPOs easily through its mobile app or web platform after opening a Demat account with minimal effort.
Upstox is particularly attractive to beginners and cost-conscious investors due to its competitive pricing and simple interface, although it offers limited in-depth IPO research compared to full-service brokers.
Conclusion
In conclusion, while there are several reliable IPO investment platforms in India, Groww clearly leads the space by offering the most complete, transparent, and beginner-friendly IPO experience. From IPO discovery and research to application, allotment tracking, and post-listing share management, Groww simplifies every step of the process. Choosing the right platform ultimately depends on your investing style.
