Investors using mobile platforms are facing Groww IPO Error that blocks access to crucial IPO applications. Many missed out on Bajaj Housing Finance IPO due to a technical glitch. With 1.1 crore active users as of June 2024, Groww’s IPO issues have left many frustrated, threatening potential investments resulting in delayed IPO applications, profiteering opportunities, and hurting the company’s image and investors’ confidence.

Key Facts

• Groww experienced issues with its UPI payment system during IPO applications, delaying transactions.
• Some users also reported problems with ASBA applications through net banking, such as blocking payments.
• In addition, Groww’s mobile app faced multiple crashes during peak hours, frustrating investors attempting to track their real-time portfolio updates and stock movements.

Details of Groww IPO Error

About Groww

• Groww is a fintech company offering user-friendly mobile and web-based platforms for buying stocks, mutual funds, ETFs, and IPOs. With zero commission on purchased stocks and a fully paperless procedure, Groww is registered with SEBI and provides real-time updates, educational tools, and secure payment options for investors.

On September 9, 2024, Groww users took to social media to report IPO errors. Around 10:30 AM, Twitter users voiced their frustration with Groww App IPO Technical Glitch during critical IPO applications. One user complained about errors preventing access to the IPO page, while others mentioned server problems and inability to refresh their portfolios.

Within the past five days, Groww offered several IPOs, including P N Gadgil Jewellers Limited, SPP Polymer Limited, Innomet Advanced Materials Limited, and Archit Nuwood Industries Limited. Investors expressed concerns over missing these opportunities due to technical issues.

IPO Investment Disruptions and Issues in 2024

• Groww’s app displayed messages like “Something went wrong” and “No open IPOs,” which could be due to several technical reasons. Several times, mobile app servers likely face high traffic or maintenance, triggering the “Something went wrong” error.

Network connectivity issues or delayed IPO data updates may also play a role in Groww IPO Application Issues, while database problems are less likely but still a possibility. A technical bug at the server’s end or in the code might have stopped IPO information from loading, which generally triggers “No open IPOs” messages.

Groww IPO Error Final Verdict

Groww’s inability to address these problems swiftly caused frustration among investors. No specific timeline was updated about resolution time. Further, Groww’s Twitter account carried out posting imaginary stories related to imaginary investors! Hence, investors are awaiting an update from Groww about the root cause that resulted in Missed IPO opportunities. For more interesting finance-based stories, gaming, wordplay, Etc., make sure to access Financereview.Org