Kolkata: The bidding process of the Rs 6,632.30-crore Groww IPO opened yesterday, November 4. At the end of the first day of the application process, the Groww IPO 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 intends to mop up Rs 6,632.30 crore through fresh issue of 10.60 crore shares and an OFS part of 55.72 crore shares. Rs 1,060.00 crore will be raised through fresh shared and Rs 5,572.30 crore through OFS shares. Groww has a robust business model and a stromg brand image.
A day before the bidding window opened, Groww IPO managed to place Rs 29.84 crore of shares to anchor investors to raise Rs 2,984.5 crore in all at a price of Rs 100 per share. Billionbrains Garage Ventures is the holding company. There was virtual frenzy 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 on November 5 morning. Since the upper end of the price band is Rs 100, the GMP indicated a listing gain of 14.00%. The GMP was at Rs in early morning on November 4. Therefore, there has been a dip. 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.
Groww IPO price bid, lot size
The Groww IPO price band is Rs 95-100. For a retail investor, the smallest investible lot size is 150 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 lot is 2,100 shares and for the bNII category of investors the smallest lot is 10,050 shares.
Groww IPO significant 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.)