Best Apps for IPO Investment in India

In the first quarter of 2025, India raised US$2.8 billion through 62 IPOs, representing about 22% of global IPO activity. This rapidly growing IPO market has highlighted the importance of reliable IPO investment apps in India. It is important for investors to choose the right IPO app in India that makes the journey from application to listing simple and hassle-free. Whether you are investing in an IPO from an app for the first time or are a seasoned investor, the right platform makes the difference.

In this blog, we will explain what IPO investment apps are, how they work, and the two main ways to apply for IPOs using UPI apps and ASBA. We will also share the top 10 IPO apps in India with their features, pros, and cons to help you choose the right one for your investment journey.

Understanding IPO Investment Apps

An IPO investment platform India is an app or a platform through which you can apply, track and make post-listing decisions in an IPO all from one place. It gives you a simple interface, real-time allotment updates, and secure transactions with the help of UPI or ASBA. Such Apps make your IPO journey fast, transparent and smart, especially if you are investing in an IPO from an app for the first time.

Two major ways of investing in IPO: UPI-based apps and bank via ASBA

UPI‑based apps (Broker/FintTech Apps)

Most brokers like Pocketful  Zerodha, Groww, etc. support UPI. You choose the IPO in the app, enter the UPI ID and bid details, submit the application, and set the mandate for the application from UPI application. If you are allotted the shares, the amount is deducted from the account; if not the amount is refunded. This method is fast, convenient and you will always have funds in your bank account till the allotment happens.

ASBA (Application Supported by Blocked Amount)

This system developed by SEBI allows you to block the IPO amount till the shares are allotted. When the allotment happens, you are only liable for that amount; the rest of the amount already available in the bank is released and you keep earning interest. This method is ideal for those comfortable with a traditional banking system and those who want secure transactions.

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Top 10 Apps for IPO Investment in India 

1. Pocketful
2. Zerodha
3. Upstox
4. Groww
5. Angel One
6. Dhan
7. Paytm Money
8. ICICIdirect
9. HDFC Securities
10. Kotak Securities

An overview of the top 10 apps for IPO investment in India is given below:

1. Pocketful

Pocketful is a modern and fast-growing trading-investment app designed specifically to make IPO investing and trading easy. Here you can apply for both Mainboard and SME IPOs via UPI in just a few steps. The app interface is responsive and user-friendly, making it extremely easy to track allotment status. Pocketful also provides IPO alerts on WhatsApp and daily newsletters with all the important details, ensuring you never miss an opportunity.

Key Features

• IPO alerts on WhatsApp and daily newsletters with complete details
• UPI enables a fast and secure IPO application process in just a few steps.
• Mainboard and SME IPO support enables easy access to both types of IPOs.
• Modern & Responsive UI lets you smoothly navigate the platform.
• Zero hidden charges, zero AMC and zero delivery brokerage charges.
• “Pockets” Thematic Investing  sector-based investments like fintech, green energy etc.

Pros

• User-friendly interface and reliable performance suitable for both beginners and experienced investors
• Regular alerts and newsletters keep investors updated on all IPO opportunities
• Zero-fee structure with transparent pricing makes investing cost-effective
• Thematic investing (“Pockets”) enables smart and diversified portfolio building

2. Zerodha

Zerodha has made IPO investing extremely simple. With Kite and Console, you can apply for IPOs directly from UPI and the allotment process remains transparent. Zerodha also has the option to apply for SME IPOs with Mainboard. The app interface is clean and fast, so even new investors can easily apply for IPOs.

Key Features

• Seamless IPO application via UPI
• Support for both Mainboard and SME IPOs
• Clean and user-friendly interface
• Allotment updates from registrar/exchange link

Pros

• Trusted and stable platform
• Easy process for new investors
• Access to SME IPOs

3. Upstox 

Upstox has made the IPO application process extremely seamless on mobile. From the “IPO” section in the app, you can apply directly via UPI and choosing the cut-off price is also easy. The best part is that you also get the option of SME IPOs, which are shown separately in the app. Upstox sends timely notifications and reminders so that investors do not forget about mandate approval.

Key Features

• Faster IPO application via UPI
• Support for both Mainboard and SME IPOs
• In-app reminders and alerts
• Allotment status is displayed directly in the app

Pros

• Easy experience for beginner investors
• Timely alerts and notifications
• Access to SME IPOs

4. Groww

Groww has made IPO applications straightforward and easy. The app has a clean interface and provides access to Mainboard IPOs as well as some SME IPOs. You can apply via UPI and features like IPO calendar and reminders are available. Allotment status can be easily viewed from within the app, allowing investors to track the entire process. Groww is especially great for first-time IPO investors and want a simple experience.

Key Features

• UPI-based application
• IPO calendar and reminders
• Support for Mainboard and some SME IPOs
• Allotment updates in-app

Pros

• Easy interface for new investors
• Never miss an issue with reminders
• User-friendly experience

5. Angel One

Angel One not only provides IPO investors with information about the application process but also the pre-application process. The IPO section of the app gives you information like company highlights, price band and business summary. This helps investors take informed decisions. Here you can apply via UPI and also check allotment updates easily. Angel One is ideal for investors who like to read research and basic insights before investing in an IPO.

Key Features

• UPI support for IPO application
• Detailed IPO summaries and insights
• Mainboard and SME IPO options
• Allotment updates easily available

Pros

• Research and insights available
• Helps in making informed decisions
• User-friendly platform experience

6. Dhan

Dhan app is good for those investors who apply for an IPO and also focus on listing-day trading. Here you can apply quickly through UPI and get allotment information on time. The specialty of Dhan is that it offers features like advanced charting and GTT orders, so that you can plan in advance on listing-day and sell or hold shares. If you are an active trader, then this app will be right for you.

Key Features

• UPI based IPO application
• Fast allotment updates
• Advanced charts and GTT orders
• Mainboard and SME IPO option

Pros

• Best for active traders
• Fast and clear allotment updates
• Listing-day planning is easy

7. Paytm Money

Paytm Money is strong in providing alerts and reminders to IPO investors. Here you can apply through UPI and get features like IPO calendar and watchlist. Allotment status can also be easily tracked in the app. SME IPO coverage is limited, but alerts and notifications make it ideal for investors who want to apply for IPOs even amidst a busy schedule.

Key Features

• IPO application through UPI
• IPO calendar and watchlist
• In-app allotment tracking
• Alerts and reminders

Pros

• Never miss an IPO with alerts
• Easy and clean interface
• Convenient for new investors

8. ICICIdirect

ICICIdirect is a bank-linked platform that allows investors to apply for IPOs using both UPI and ASBA methods. One of its biggest advantages is that allotments and refunds can be tracked directly through the linked bank account. The platform supports applications for both Mainboard and SME IPOs, making it suitable for investors who value convenience, security, and trust.

Key Features

• Support for both UPI and ASBA applications
• Ability to apply for Mainboard and SME IPOs
• Allotment and refund updates directly through the bank account
• Reliable and secure banking ecosystem

Pros

• Strong trust due to banking association
• Transparent allotment and refund process
• Access to both Mainboard and SME IPOs

9. HDFC Securities

HDFC Securities is also a bank-based platform that allows IPO applications via both UPI and ASBA. Its biggest feature is that allotment and refund information is clearly visible in the bank ledger. The benefits of strong customer support and banking ecosystem make it perfect for investors who value stability and security.

Key Features

• Apply via both UPI and ASBA
• Allotment updates in bank ledger
• Mainboard and SME IPO support
• Strong customer support

Pros

• Trust in banking
• Transparency in allotment and refund
• Easy process

10. Kotak Securities

Kotak Securities is a combination of banking and broking where you can apply for IPOs through both UPI and ASBA. You get access to Mainboard and SME IPO and allotment status can be easily tracked through the bank channel. This platform is good for investors who are already associated with Kotak Bank and want to avail banking and investment services at one place.

Key Features

• IPO application through both UPI and ASBA
• Option to access both Mainboard and SME IPO
• Allotment status tracked through bank channel
• Integrated banking + investing

Pros

• Banking and broking under one roof
• SME IPO support
• Reliable and stable experience

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Key Factors to Evaluate Before Choosing an IPO Platform 

Choosing the right IPO investment platform India is as important for the investor as choosing the right IPO. A good platform makes your entire journey from application to allotment and listing easy and reliable. Below are some key points to consider:

• Easy application process : The platform should have a seamless UPI-based flow, where the cut-off price option is clearly visible and the entire process is completed in a few clicks.
• Transparency of allotment : The right platform is the one that shows you real-time status, UPI mandate reminders and clearly states the refund status.
• Coverage (Mainboard + SME IPO) : Not all apps offer SME IPO. Hence, it is important to check whether your chosen IPO online app also offers the option to apply for India SME IPO.
• Charges and fees : Always compare delivery, sell, DP charges and other hidden charges. Even small fees impact listing gains.
• Reliable performance : The server load is high during peak IPO days. A reliable platform prevents downtime and ensures smooth operation.
• Help and support : Dedicated IPO desk or responsive customer care is a great help in case of any technical or refund issue.
• Additional features : Tools like IPO calendar, alerts, research snippets and market insights further enhance the user experience.

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Common Mistakes to Avoid

Some of the common mistakes to avoid while applying for an IPO is given below:

• Not getting UPI Mandate approved on time : Many investors apply but forget to approve the UPI mandate. As a result, their application does not move forward. Always get approval before the cut-off time.
• Relying too much on Grey Market Premium (GMP) : GMP is only an informal indication, it does not guarantee the future. Instead of applying only by looking at GMP, also pay attention to the fundamentals and business model of the company.
• Not planning for Listing Day : Many investors are unable to decide whether to hold or sell shares after allotment. It is better to decide your strategy in advance, profit booking or long-term hold.
• Choosing the wrong platform : Not every platform supports SME IPOs. If you want to invest in SME, make sure that your chosen IPO investment platform India offers this facility.

Conclusion 

Applying for an IPO today is simple, and choosing the right platform makes all the difference. Pocketful is designed to make IPO investing seamless for everyone, whether you are a beginner or an experienced investor. With its fast UPI-based application process, support for both Mainboard and SME IPOs, zero hidden charges, and an easy-to-use interface, Pocketful ensures a smooth journey from application to listing. If you want a modern, reliable, and cost-effective way to invest in IPOs directly from your mobile, Pocketful is the platform to choose.

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