Kolkata: The bidding process of the Rs 6,632.30-crore Groww IPO is open. At the end of November 4, the first day of the application process, the issue was subscribed 0.57 times overall — 1.91 times in the retail category, 0.10 times in QIB (ex anchor) category and 0.59 times in the NII category. The Groww IPO consists of 10.60 crore fresh shares and 55.72 crore OFS shares. Rs 1,060.00 crore will be raised through fresh shared and Rs 5,572.30 crore through OFS shares.
Billionbrains Garage Ventures, the holding company of Groww IPO, has managed to place Rs 29.84 crore of shares to anchor investors to raise Rs 2,984.5 crore. There was a rush among anchor investors to bid for the shares with as many as 102 funds bidding. The list of investors in this category included Abu Dhabi Investment Authority, Government of Singapore, Monetary Authority of Singapore, Goldman Sachs, Morgan Stanley, HDFC Mutual Fund, Kotak Mahindra MF, Nippon India MF, SBI MF, Axis MF, Aditya Birla Sun Life MF, Mirae Asset, Motilal Oswal MF and ICICI Prudential Life Insurance.
Groww IPO GMP
According to investorgain, the Groww IPO GMP was Rs 14.75 on November 6 early morning. Since the upper end of the price band is Rs 100, the GMP indicates a listing gain of 14.75%. The GMP has been tepid since the beginning. However, it must be kept in mind that GMP is an unofficial gauge that changes with time and does not guarantee anything — listing gain or loss. The following is the movement of the GMP over the past few days.
Nov 6: Rs 14.75 (Listing gain indicated: 14.75%)
Nov 5: Rs 14.75 (14.75%)
Nov 4: Rs 14 (14.00%)
Nov 3: Rs 16.5 (16.50%)
Nov 1: Rs 16.7 (16.70%)
Oct 31: Rs 16 (16.00%)
Oct 30: Rs 15 (15.00%)
Groww IPO price bid, lot size
The Groww IPO price band has been fixed at Rs 95-100. A retail investor has to apply for a minimum of 150 shares for which he/she has to pay an application amount of Rs 15,000 based on upper end of the price band. For sNII investors, the smallest investible lot is 2,100 shares and for the bNII category of investors the smallest lot is 10,050 shares.
Groww IPO allotment, defund, listing dates
IPO closes: Nov 7, 2025
Allotment: Nov 10
Refund: Nov 11
Credit of shares to demat: Nov 11
Listing: Nov 12
Cut-off time for UPI mandate confirmation: 5 pm on Nov 7
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.)