Groww IPO GMP rises ahead of November 4 launch; here's what you need to know

Groww IPO GMP rises.

Groww IPO GMP has risen ahead of its issue launch next week in the primary market.

The company has fixed a price band of Rs 95-100 per share for the IPO, which aims to raise Rs 6,632 crore and values the firm at over Rs 61,700 crore.

Billionbrains Garage Ventures Pvt Ltd, the parent company of Groww, said the public issue will open for subscription on November 4 and close on November 7. The bidding for anchor investors will open for a day on November 3.

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Groww IPO GMP Today Price

According to platforms tracking the unregulated market, Groww shares are quoting at a premium of around 16 percent in the grey market. Data from Investorgain showed a GMP of Rs 16 for the shares of the company.

Groww co-founder and Chief Operating Officer Harsh Jain said the company will continue to focus on technology, brand building, and product innovation to strengthen its position in the financial services sector.

"Technology will always remain our core focus. We are agile and among the most cost-effective players in the industry," Jain told PTI.

He said there remains significant growth potential as more investors enter the capital markets. "Right now, we are not looking beyond wealth. It’s a massive market in itself," he added.

Founded in 2016, Groww has emerged as India’s largest stock broker, with over 12.6 million active clients and a market share of more than 26 per cent as of June 2025.

The company’s shares are scheduled to be listed on November 12.

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