Discount brokerage app Groww suffered a technical glitch, leaving the app’s users unable to access the IPO application page and apply for ongoing IPOs.
What Happened: Groww app's IPO page was not showing for users on Monday, which meant several users of the app could not apply for ongoing IPOs.
Incidentally, Bajaj Housing Finance's IPO was opened for subscription on Monday. Other users also said their current stock holdings and mutual funds were not updating either.
Groww said that the issue was resolved later on Monday. “Some customers experienced issues accessing the IPO page. This has now been resolved, and customers can apply for IPOs,” the company told Benzinga India.
Users took to X, formerly known as Twitter, to air their frustrations. Users complained that they couldn’t apply to crucial IPOs such as Bajaj Housing Finance’s IPO.
“@Groww your app has been showing errors on the IPO page at critical times. It’s really frustrating when the app doesn’t work properly during important moments. Please fix this issue ASAP, especially during IPOs when time is crucial!” a user wrote on X.
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Groww has the highest number of active investors in India. According to NSE’s data, Groww had 1.1 crore users as of June 2024. Groww had surpassed rival Zerodha in terms of customer base in September 2023.
Read Next: Bajaj Housing Finance IPO: Check Subscription Status, Latest GMP, Other Key Details
Editor’s Note: The story has been updated to include a response from Groww PR.
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