Groww IPO was booked nearly 18 times on the final day of booking on November 7. The initial public offering of Billionbrains Garage Ventures, the parent company of stock broking firm, got fully subscribed on the second day of share sale on Thursday and ended the day with 1.64 times subscription.
The company's Rs 6,632 IPO received bids for over 641-crore shares, as against 36.47-crore shares on offer, translating into 16.97 times subscription, as per data available with the NSE.
Retail Individual Investors (RIIs) part received 9.43 times subscription, while the quota for non-institutional investors got subscribed 14.20 times. The category for Qualified Institutional Buyers (QIBs) fetched 22 times subscription. Earlier, it garnered a little over Rs 2,984 crore from anchor investors.
Groww IPO GMP Today Price
According to platforms tracking the grey market activities, the shares of Groww are commanding a GMP of 9 percent in the unregulated market. Investorgain quoted a GMP of Rs 9 for the shares of the company, indicating a listing gain of 9 percent.
The firm fixed a price band of Rs 95-100 per share for its IPO, targeting a valuation of over Rs 61,700 crore. Founded in 2016, Groww emerged as India's largest stockbroker, with over 12.6 million active clients and a market share of over 26 per cent as of June 2025.
Groww shares will make stock market debut on November 12, while the allotment of shares is expected by November 4.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
