Groww IPO to open shortly for public subscription; should you apply? Check price band, GMP, other key details

The initial public offering (IPO) of stock broking platform Groww will open for public subscription today at 10 am. The company raised over Rs 2,984-crore from anchor investors a day ahead of the issue.

Billionbrains Garage Ventures Pvt Ltd, the parent company of Groww, has fixed a price band of Rs 95-100 per share for its Rs 6,632-crore IPO. The issue will close on November 7. At the upper end of the price band, the IPO values the company at over Rs 61,700 crore.

Groww IPO: Should you subscribe? 

Brokerage firm Swastika gave a ‘Subscribe’ rating to the issue, citing Groww’s strong market position and consistent profitability. As of June 2025, the company held a 26.27 percent market share with 12.6 million active clients. It reported a net profit margin of 44 percent on revenue of Rs 4,056 crore in FY25.

Analysts highlighted Groww’s mobile-first digital platform and in-house technology infrastructure as key strengths, enabling efficient service delivery and cost management.

However, they also cautioned about potential risks, including regulatory changes in derivatives trading and brokerage fee structures, reliance on retail investor participation and high technology maintenance requirements.

Groww IPO GMP today Price 

In the grey market, Groww shares were quoting at a premium of around Rs 14.5, indicating an expected listing gain of about 14.5 per cent, according to data from market tracker Investorgain.

Groww IPO shares will be listed on November 12, while the allotment is expected by November 10.

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