Best App for IPO Applications That Investors Should Check

A lot of retail investors are walking away with profits on the very first day of IPO listings. If you want a share of that excitement, the first step is applying through the right IPO app. These apps give you quick access to new offerings, help you apply within minutes, and track your allotment status. 

You just need to open the app, pick the IPO, and apply with ease. Let's see what an IPO is and the best platform to buy pre IPO stocks. 

Understanding IPOs

An IPO is what we refer to as a company going public and deciding to sell its shares to the public for the first time. By doing this, the company moves from private ownership to public trading on a stock exchange. The event is more than just a fundraising activity. For the company, it gives chances for future fundraising, employee stock benefits, and strategic deals such as mergers or acquisitions. 

Criteria for Getting the Best App To Apply For IPO 

So you’re ready to start applying for IPOs, but here’s the thing: not all apps are built the same. If you want your IPO journey to be smooth from day one, pay attention to these key points before you pick the best app for IPO purchase:

1. User-Friendly Interface

The best IPO app should have a great interface. You must be able to locate everything in no time. It should allow you to have proper navigation and access to all the information required.

2. App Security and Investor Protection

You are using your personal data and financial information in the process. Hence, proper data security and encryption are a must. Look for the apps that ensure the same.

3. Notifications and Alerts

Deadlines and allotment announcements are very important. Look for the apps that can offer you information on time. This will ensure you do not miss important trades at all.

4. Research Tools and Market Data

Good apps put company data, financial reports, and rest information in one place for you. They will share the subscription numbers and analyst perspectives, too. Fast access to these details helps make the right call on time.

5. IPO Application Process (ASBA, UPI, etc.)

The app should support both ASBA and UPI. It is important that you find an app that can help you complete the process in a few steps, as this will save time and avoid a complex process.

6. Account Opening and KYC

Nobody wants to waste time filling endless forms. Apps that give instant e-KYC and paperless onboarding let you make the best of IPO opportunities on the stock exchange. 

7. Support That Answers

If something goes wrong, waiting is frustrating. See if the app offers you customer support. Extra resources like FAQs and guides also help if you’re trying IPOs for the first time.

8. Know the Costs 

Charges should never be a surprise. Look for apps where you can find all charges at once. Even better if they keep IPO application charges at zero.

Top IPO Apps in India 

Now you already know what to check before choosing an IPO app. Let’s move one step further. Here’s a breakdown of the best app for IPO investment in India right now. Each comes with its strengths and a few drawbacks. This way, you can pick the one that works for you instead of just following the crowd.

1. Rupeezy

Rupeezy stands out as one of the best apps to apply for IPOs in India. It is one with a simple process and seamless support. You can apply for the IPO using UPI as well, which makes it very easy to use. It also offers you a trading platform to invest in other securities as well. 

Pros:

• Simple IPO applying process through UPI.

• Quick onboarding with paperless KYC.

• Competitive charges and easy-to-use interface

Cons:

• Still expanding advanced research tools.

2. Groww

Groww has built its reputation on being clean and quick. The app is light, easy to understand, and lets you apply for IPOs in just a few taps. Beyond IPOs, it also supports mutual funds and stocks, which makes it the best pre IPO investment platform in India. 

Pros:

• Onboarding is quick.

• The IPO process through UPI is very simple.

• Works well for beginners.

Cons:

• Market research features are still basic.

• Limited to Indian markets.

3. Zerodha Kite

Zerodha was among the first to bring discount broking to India, and its Kite app is trusted by millions. Strong charts, advanced analytics, and ultra-low charges make it a favorite for serious traders who also want IPO access.

Pros:

• Stable platform.

• Made for people who like technical charts.

• Low brokerage.

Cons:

• Customer support isn’t the fastest.

• Mutual funds need a separate app called Coin.

4. Angel One

Angel One combines traditional research with modern features. Its advisory tools are AI-driven, and it offers portfolio management along with IPO applications. The best app for IPO apply if you want insights instead of just plain trading.

Pros:

• Strong research reports.

• Delivery trades are free.

• Useful for both new and experienced investors.

Cons:

• The app interface feels a bit heavy.

• Users report occasional glitches.

5. Upstox

Upstox brings in AI tools, zero brokerage for IPOs, and a very quick application process. It’s pocket-friendly with flat trade charges, which attracts a lot of young investors.

Pros:

• Free IPO applications.

• AI for analysis and comparison.

• No additional charges of any kind.

Cons:

• Some beginners may find it overwhelming.

• App stability can be inconsistent.

6. ICICI Direct

This one is backed by a big name. ICICI Direct connects your bank account with your trading account, making the process straightforward if you are already an ICICI customer. It also offers strong research support, and this makes it the best app for IPO apply. 

Pros:

• Great trust factor.

• Full-service research support.

• Wide asset coverage.

Cons:

• Brokerage charges are higher than others here.

• Design feels old-school compared to new-age apps.

7. Finnpick

Finnpick is relatively new, but it is IPO-focused. The app gives alerts. You will get information on the IPO timelines as well. A complete section for analysis is there. If you only care about IPOs and not regular stock trading, it could be worth testing.

Pros:

• Dedicated IPO tracking and alerts.

• Easy to use for IPO-only investors.

Cons:

• Still a smaller player with a limited base.

• Features are evolving, not as deep as big brokers.

8. Paytm Money

Paytm Money offers a seamless IPO application experience. It uses the UPI, which is mainly linked to digital wallets and banking services. It is popular among retail investors for its ease of use and zero-commission IPO applications.

Pros:

• Zero charges on IPO apply.

• Easy UPI-based process.

• Integrated with the Paytm ecosystem.

Cons:

• Research tools are limited.

• Customer support is basic.

9. HDFC Securities

This is one of the biggest full-service brokers. It provides IPO services backed by strong research and advisory. For the HDFC customer, linking the payment system is even simpler. 

Pros:

• Trusted brand with wide research reports.

• Direct account linkage for HDFC customers.

• Strong advisory services.

Cons:

• Brokerage charges are relatively high.

• App design feels traditional compared to new players.

10. 5Paisa

5Paisa is known for low-cost trading and a user-friendly platform. It supports IPO applications via the UPI. Then there is a complete portfolio management service that it offers. This makes it a great choice for investors.

Pros:

• Low-cost brokerage.

• Apply for an IPO easily via UPI.

• Advanced portfolio tracking.

Cons:

• Slow customer support.

• The app can be overwhelming for new investors.

How to Apply for an IPO Using the App

Getting into an IPO in India has never been this direct, but it's a safe investment with high returns. You can do it from your phone without getting tangled in paperwork. Let’s walk through it clearly.

1. Start With Your Account

Download the Rupeezy app. Share all the details as needed to open your account. Ensure that you complete the KYC. Once verified, your account is ready to apply for IPOs.

2. Go Straight to the IPO Section

Log in to the Rupeezy app. Look for the IPO section and check all the details. Find the one that is perfect for your needs.

3. Fill in Your Application

See which of the IPOs you want to bid for. Set the quantity of shares and select the price option at a fixed price or a cut-off price.

If you use UPI, fill in your UPI ID that is linked to your bank account. Submit the form, then approve the mandate in your UPI app. The amount will be temporarily blocked in your account until allotment is confirmed.

For ASBA through net banking, go for IPO and demat account. Submit the application and approve the fund blocking directly in your bank portal.

4. Check Allotment

If the subscription closes, open the IPO section again. The app shows your allotment status. Only if shares are allotted will the blocked amount be debited from your account; otherwise, it comes back to you automatically.

Common Mistakes to Avoid When Applying for an IPO

You think applying for an IPO is simple. It is not. Small errors can cost time, money, and peace of mind. Here’s what most people miss.

1. Jumping on Hype Without Checking

Just because an IPO is in the headlines does not mean it deserves your money. Look at the company itself. How does it earn? Are the numbers steady or volatile? Popularity alone is not a reason to invest.

2. Ignoring the Price You Pay

A strong company is not always a good buy at its IPO price. Overpriced shares can sink quickly once they hit the market. Compare the IPO price with profits, debt, and cash flow before you apply.

3. Trusting Grey Market Signals

Grey market prices fluctuate sharply. People sometimes let them decide whether to apply. That is risky as the listed price is as per DII and FII investments. 

4. Overlooking the Business Model

Do you truly understand how the company makes money? If the answer is no, pause. Complicated or unproven business models can disappoint after listing.

5. Borrowing to Invest

Loans for IPO applications are dangerous. Allotment is never certain, and the shares may not perform as expected. Debt adds pressure, even if the listing goes up slightly.

6. Counting Oversubscription as a Guarantee

Heavy demand does not equal profit. Some investors assume a popular IPO will give instant gains. It won’t always.

7. Forgetting Lock-in and Anchor Investor Timing

Anchor investors have lock-in periods. When they can sell, the market may shift. First-time investors don't see this and miss timing for their own decisions.

8. Delaying UPI Approval

If you don’t approve the UPI mandate quickly, your application fails. Notifications can be missed. Acting immediately is the only way to secure your application.

Conclusion

The app you choose decides how easily you move through an IPO. It shows that deadlines, allotment updates, and company details are important. See numbers, confirm payments, and track allotments on the best app for IPO allotment. Every action you take this way reduces uncertainty and keeps your decisions smart. Visit Rupeezy today and start investing in the top IPOs.

FAQs

Q1. Can you apply for more than one IPO at the same time?
Yes. You can apply for multiple IPOs at the same time. But it is important to note that the allotment is all based on the subscription and other factors.

Q2. What happens if an IPO application gets rejected?
The money you blocked doesn’t disappear. It goes back to your account automatically. Most people think rejections only happen due to insufficient funds, but errors in demat account numbers, wrong UPI IDs, or missed approvals in your bank portal can also make you face rejections.

Q3. How are IPO shares allotted?
Retail investors, institutional buyers, and non-institutional applicants each have separate quotas. Each of these has its own rules for allotment. The same will be followed at the time of the final allotment call.

Q4. What are the steps to check IPO status on an app?
Open the IPO section in your trading app. Look for “allotment status.” You’ll see whether shares have been allotted, and notifications or emails often follow to confirm it.

Q5. What charges apply when applying via the app?
Most apps don’t charge a fee for submitting IPO applications. You only need enough funds for the shares you request. Some banks may have small processing charges for ASBA or UPI transactions, so check with your bank if you want precise figures.