The IPO (Initial Public Offering) market in India is booming in 2026, with over 190 companies lined up to go public and potentially raise more than ₹2.5 lakh crore, from tech giants like Reliance Jio to fintech names like PhonePe and Flipkart.
If you are looking to participate in this wave, choosing the right platform can make all the difference. Below is a curated list of the top platforms where you can easily apply for IPOs, including features, pros, and what makes them stand out.
Best Platform for IPO Investment
Groww
Groww is India’s best investment app that offers a robust suite of features that make IPO investing simple, transparent, and accessible. At its core, Groww lets users apply for both mainboard and SME IPOs directly within its mobile app and web dashboard. Just choose the IPO, enter the bid amount and lot size, and submit the bid with just two taps.
After applying, Groww keeps you updated on subscription status, mandate approval alerts via UPI, and allotment notifications right inside the app, so you don’t have to jump between different tools or platforms. You can also check the IPO allotment status right on the Groww app.
Retail individual investors, employees/shareholders (if quota is available), and HNIs can apply for IPOs on the Groww app.
One standout feature of Groww’s IPO experience is the pre-apply option that lets you apply for the IPO before the official subscription window opens.
Groww also shows all key IPO details, price band, lot size, issue dates, company fundamentals, and latest subscription figures in one place, helping you make informed decisions without switching apps.
Along with IPO applications, Groww also supports a wide array of products like stocks, F&O, intraday, ETFs, gold mutual funds, MTF (margin trading facility), APIs, commodities, mutual funds, and 915 by Groww, an advanced trading platform for pro traders.
5 Paisa
5paisa is a well-known discount brokerage platform in India, backed by the trusted IIFL Group, and is popular among investors looking for low-cost investing solutions. The platform allows users to apply for IPOs easily through its mobile app and web platform using the UPI-based ASBA process. 5paisa stands out for its flat and affordable brokerage structure.
Upstox
Upstox is another popular discount brokerage platform that lets investors easily apply for IPOs using UPI through its app or web platform. Upstox’s competitive pricing and straightforward IPO application make it a solid all-around choice for investors who want low costs and reliable performance without over-complicating their investment journey.
Angel One
Angel One (formerly Angel Broking) brings together the strengths of a full-service broker and a modern digital platform. It supports IPO applications and is known for competitive pricing, user-friendly onboarding, and research support that helps investors make more informed decisions. Many investors appreciate Angel One for its blend of tools and advisory services.
Paytm Money
Paytm Money is the wealth-management arm of the larger Paytm ecosystem and offers a simple and integrated platform for IPO. The platform allows retail investors to apply for IPOs via UPI in just a few steps and integrates smoothly with broader financial tools, which is especially useful if you already use Paytm for payments or investing.
ICICI Direct / HDFC Securities – Full-Service Platforms
ICICI Direct is part of ICICI Bank’s financial services suite and appeals to investors who want full-service support and deep market insights. The platform allows easy online IPO applications (blocking the bid amount in your linked bank account) and provides timely updates, live IPO lists, and research tools to help you evaluate offerings.
Conclusion
The Indian IPO market continues to stay vibrant in 2026, with hundreds of companies preparing to list, offering multiple opportunities for retail investors to participate in early growth stories. Choosing the right platform depends on your comfort with technology, trading needs, and how much research support you want.
