The Groww IPO opened to investors today and recorded a 0.35 times overall subscription on its first day, according to BSE data.
LiveNow
Groww IPO Day 1 GMP Highlights: Groww IPO gets subscribed 57% on Day 1
The Groww IPO opened to investors today and recorded a 0.35 times overall subscription on its first day, according to BSE data.
The Retail Individual Investors (RIIs) category is leading the participation, with bids reaching 1.41 times their allotted quota, indicating strong retail enthusiasm right from the start. In contrast, the Non-Institutional Investors (NIIs) segment saw a modest response at 0.35 times, while Qualified Institutional Buyers (QIBs) are yet to participate, with their portion standing at 0.00 times so far.
The subscription process remains open for the next two days, and investor activity is expected to pick up as the issue progresses.
Read More▼Read Less▼
Groww IPO Day 1 GMP Highlights: Groww IPO gets subscribed 57% on Day 1
The initial public offering of Billionbrains Garage Ventures, the parent company of stockbroking firm Groww, garnered 57 per cent subscription on the first day of the share sale on Tuesday.
The company's IPO received bids for 20,62,53,000 shares, as against 36,47,76,528 shares on offer, as per data available with the NSE.
Retail investors' quota got fully subscribed, garnering 1.91 times subscription, while the category meant for non-institutional investors received 59 per cent subscription. The Qualified Institutional Buyers (QIBs) part received 10 per cent subscription.
Groww IPO Day 1 GMP Live: Retail quota oversubscribed
Qualified Institutional Buyers (QIBs) -- 0.00
Non Institutional Investors(NIIS) -- 0.35
Retail Individual Investors (RIIs) -- 1.41
Total -- 0.35
Groww IPO Day 1 GMP Live: Take a look at subscription data so far
Qualified Institutional Buyers (QIBs) -- 0.00
Non Institutional Investors(NIIS) -- 0.21
Retail Individual Investors (RIIs) -- 0.95
Total - 0.23
Groww IPO Day 1 GMP Live: Groww IPO -- Should investors subscribe to it?
The business is dependent on capital markets and hence, inherently cyclical (Read More)
Groww IPO Day 1 GMP Live: What's the current grey market premium
As of November 4, 2025 (09:58 AM), the Groww IPO is commanding a GMP of Rs 17, according to market observers. With a price band of Rs 100 per share, the issue is expected to list at around Rs 117 per share, reflecting an estimated 17% premium over the upper price band.
Groww IPO Day 1 GMP Live: Profitability dependent on sustained revenue growth
Groww incurred losses in Fiscal 2024 but recorded profits in Fiscal 2023, Fiscal 2025, and during the three months ended June 30, 2025 and 2024. However, if the company fails to maintain revenue growth and effectively manage expenses and cash flows, it may struggle to sustain profitability.
Groww IPO Day 1 GMP Live: Regulatory changes impact transaction volumes
The business operates under evolving regulatory frameworks. SEBI's October 2024 derivatives framework, for instance, affected transaction volumes, leading to a decline in Groww's active broking users from 7.24 million in Q1 FY25 to 6.12 million in Q1 FY26.
Groww IPO Day 1 GMP Live: Revenue concentration in broking services
As per the RHP, Groww derived 84.50% and 79.49% of its revenue from operations through broking services in Fiscal 2025 and the three months ended June 30, 2025, respectively. Any decline in customer willingness to use these services could adversely impact the company's business, financial condition, and cash flows.
LIC lifts stakes in SBI, Coal India, Sun Pharma, HCL; cuts exposure in HDFC Bank, ICICI Bank
Life Insurance Corporation of India (LIC), the country’s largest state-owned insurer, emerged as a powerful stabilising force for domestic equities in the September 2025 quarter, stepping in with aggressive buying during a period marked by sharp market swings and heavy foreign selling. (Read More)
Groww IPO Day 1 GMP Live: Key domestic mutual funds in anchor list
Leading Indian asset management companies such as HDFC AMC, Kotak Mahindra AMC, Nippon Life India, SBI Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life AMC, Motilal Oswal AMC, Mirae Asset, Franklin Templeton, Tata Mutual Fund, HSBC Mutual Fund, Trust Mutual Fund, and Mahindra Manulife were among the participants in the anchor book.
Groww IPO Day 1 GMP Live: Domestic mutual fund participation
According to the company's filing, 13.89 crore shares - representing 46.6 percent of the total anchor allocation - worth Rs 1,389.8 crore were allotted to 17 domestic mutual funds through 54 schemes.
Groww IPO Day 1 GMP Live: Participation from global institutional investors
Prominent global investors such as Goldman Sachs, Morgan Stanley, the Government of Singapore, the Monetary Authority of Singapore, Abu Dhabi Investment Authority, Ashoka WhiteOak, Prudential HK, Eastspring Investments, Amundi Funds, Societe Generale, and Wellington Management participated in the anchor book, becoming shareholders of the company.
Groww IPO Day 1 GMP Live: Anchor allocation at Rs 100 per share
On Monday, Billionbrains Garage Ventures finalised the allocation of over 29.84 crore shares to anchor investors at Rs 100 per share.
Groww IPO Day 1 GMP Live: IPO structure and fundraise details
The company aims to raise Rs 1,060 crore through a fresh issue of shares, while existing investors including Peak XV Partners, YC Holdings, Tiger Global Management, Sequoia Capital, Alkeon Capital Management, and Ribbit Capital will sell 55.72 crore shares worth Rs 5,572.3 crore at the upper price band.
Groww IPO Day 1 GMP Live: Groww parent raises Rs 2,984.5 crore from anchor investors
Billionbrains Garage Ventures, the parent company of stock broking platform Groww, raised Rs 2,984.5 crore from 102 institutional investors through its anchor book on November 3, a day before the Rs 6,632-crore IPO opened for public subscription.
Groww IPO Day 1 GMP Live: Groww raises over Rs 2,984 crore via anchor over 100 anchor investors
The company aims to raise Rs 1,060 crore via fresh shares, while marquee investors including Peak XV Partners, YC Holdings, Tiger Global Management, Sequoia Capital, Alkeon Capital Management and Ribbit Capital will offload 55.72 crore shares worth Rs 5,572.3 crore at the upper price band. (Read More)
Groww IPO Day 1 GMP Live: Domestic listed competitors
According to the red herring prospectus (RHP), Groww's domestic peers include Angel One Ltd (P/E 19.80), Motilal Oswal Financial Services Ltd (P/E 24.88), 360 One WAM Ltd (P/E 45.20), Nuvama Wealth Management Ltd (P/E 26.85), and Prudent Corporate Advisory Services Ltd (P/E 58.92).
Groww IPO Day 1 GMP Live: Financial performance highlights
Groww reported a net profit of Rs 1,824 crore in FY25, marking a sharp turnaround from a loss of Rs 805 crore in FY24. The company's revenue grew 49% year-on-year to Rs 3,902 crore. In Q1 FY26, Groww recorded Rs 904 crore in revenue and Rs 378 crore in profit, reflecting its strong growth trajectory.
Groww IPO Day 1 GMP Live: Market leadership and user base
By June 2025, Groww had 12.6 million active users on the NSE, accounting for a 26.3% share of the retail investor market - a testament to its strong presence in India's investment ecosystem.
Groww IPO Day 1 GMP Live: Wide range of investment options
Through its platform, Groww enables clients to invest and trade across multiple asset classes, including stocks (with access to IPOs), derivatives, bonds, mutual funds (including Groww Mutual Fund), and other financial products.
Groww IPO Day 1 GMP Live: Groww IPO opens for subscription today
Groww IPO is set to open for subscription today, Tuesday, November 4. The company operates a digital investment platform that directly serves customers, offering a broad range of financial products and services focused on wealth creation. As of June 30, 2025, Groww is recognized as India's largest and fastest-growing investment platform based on active users on the NSE. The Groww IPO GMP today stands at Rs 14.
