Dawood Jarral, CFA, Market Policy Analystย | November 06, 2025 |ย Global Economy
The Groww IPO Live of Billion brains Garage Ventures Ltd., the parent company of one of Indiaโs largest investment platforms, has witnessed overwhelming demand, achieving full subscription on Day 2 of the bidding process. The issue, which is open until November 7, 2025, has been driven primarily by massive interest from retail investors.
The Groww IPO Live GMP (Grey Market Premium) today continues to indicate a healthy listing premium, sustaining investor optimism around the tech driven financial services platform.
Groww IPO Live Subscription Status: Day 2 Update
The Groww IPO Live is a book built issue worth โน6,632.30 crore and is a combination of a fresh issue and an Offer for Sale (OFS). The bidding window runs from November 4 to November 7, 2025.
As of the latest data available (11:32 AM IST on Thursday, November 6, 2025), the overall issue is fully subscribed at 1.05 times.
| Investor Category | Bids Received (Shares) | Shares Offered | Subscription Status (Times) |
| Retail Individual Investors (RII) | $3.52 x | $6.63 Crore | Oversubscribed (Leading Demand) |
| Non-Institutional Investors (NII) | $1.28 x | $9.94 Crore | Oversubscribed |
| Qualified Institutional Buyers (QIB) | $0.10 x | $19.89 Crore | Under-subscribed (Expected to rise) |
| Total Subscription | $1.05 x | $36.47 \Crore | Fully Subscribed |
Key Insight: The RII portion, which is reserved for retail applicants, is currently subscribed over 3.5 times. This massive oversubscription signals strong public appetite for the Groww IPO Live platform and its growth story. The QIB portion often sees major bids coming in on the final day, which will further push the overall subscription total.
ย Groww IPO Live GMP Today: Listing Gain Indication
Investors are keenly following the Grey Market Premium(GMP) as an unofficial gauge of potential listing gains. The GMP of Groww IPO Live has been relatively stable, suggesting a strong debut.
As of Morning Reports on November 6, 2025, the latest Groww GMP is recorded at โน14.75 per share.
| GMP Detail | Value | Implied Listing Price |
| Groww IPO GMP Today | โน14.75 per share | — |
| Price Band (Upper Limit) | โน100 per share | — |
| Estimated Listing Price | โน114.75 (โน100 + โน14.75) | 14.75% Expected Listing Gain |
Note on GMP: The grey market is unofficial. While the grey market premium provides sentiment, it is not a formal price indicator and should be used with caution.
Groww IPO Key Details and Timetable
The Groww IPO is structured with a price band of โน95 to โน100 per share, requiring a minimum retail investment of โน15,000 for one lot (150 shares) at the upper price band.
| Event | Date (Tentative) |
| Subscription Window | November 4 โ November 7, 2025 (Closes Friday) |
| Basis of Allotment Finalised | Monday, November 10, 2025 |
| Initiation of Refunds | Tuesday, November 11, 2025 |
| Credit of Shares to Demat | Tuesday, November 11, 2025 |
| Listing Date (NSE & BSE) | Wednesday, November 12, 2025 |
Issue Structure and Use of Funds
The net proceeds from the fresh issue component (โน1,060 crore) will be used to fund major growth initiatives, including:
- Strengthening cloud infrastructure and technology development.
- Performance marketing and brand building activities.
- Capital infusion into its subsidiaries: Groww Creditserv Tech (NBFC arm) and Groww Invest Tech (Margin Trading Facility business).
Expert Consensus: To Subscribe or Not?
Leading brokerage houses have largely issued a ‘Subscribe’ recommendation for the Groww IPO, though many acknowledge the valuation is a point of consideration.
- SBI Securities: Recommended ‘Subscribe’, citing Groww’s strong retail leadership, robust growth in mutual fund AUM, and expected maintenance of its leadership position supported by technology.
- Anand Rathi Research: Assigned a Subscribe Long Term rating, noting that while the issue is fully priced, it is supported by strong fundamentals, high user engagement, and expansion into new verticals like wealth and lending.
- Religare Securities: Recommended a Subscribe call, viewing Groww as a fintech infrastructure company in the making with a significant strategic advantage from launching its NBFC arm.
Financial Snapshot
Groww’s parent entity reported robust financial growth in the last fiscal year, moving to a profit of โน1,824 crore in FY25 from prior losses. This positive momentum, coupled with a 49% rise in revenue, strengthens the long-term investment case, even with the dependence on trading volumes and potential regulatory risks in the F&O segment.
Is Groww coming with IPO?
Yes, Groww is currently holding its IPO.
The parent company, Billionbrains Garage Ventures Ltd., launched its Initial Public Offering (IPO) on November 4, 2025.
Where can I see IPO in Groww app?
If a user wishes to apply for an IPO or check its status using the Groww app, they should follow these general steps:
Open the Groww App: Log in to the Groww application.
Navigate to the IPO Section: On the homepage, users typically need to scroll down or look for a dedicated tab/section labeled ‘IPOs’ or ‘Stocks’ (where the IPO option is usually nested).
Is Groww IPO good?
The Groww IPO is generally viewed as a strong long term investment opportunity but is considered fully priced for near term gains.
Best IPO to buy this week?
As of this week (November 4 7, 2025), the most prominent IPOs in the market are those of Groww and other concurrently running issues like Lens kart and Pine Labs.
The best IPO depends entirely on an investor’s risk profile and goals:
For Long Term Stability (Groww)
For High Growth/Brand Exposure (Lens kart)
For Diversification (Pine Labs)
How do I get a 100% IPO allotment?
Achieving a 100\% allotment in an oversubscribed IPO (like the Groww IPO for the retail portion) is impossible as the allotment is done via a random lottery system governed by SEBI rules.
However, a retail investor can maximize their chances of getting at least one lot of shares:
Apply at the Cut-Off Price: Always bid at the upper end of the price band (in this case, โน100), or select the ‘Cut-off Price’ option, to ensure your bid is considered valid regardless of the final issue price.
Apply in the RII Category Limit: Ensure your application value is less than โน2,00,000 to qualify for the Retail Individual Investor (RII) category. This is the segment where the lottery system applies, giving every single applicant an equal chance.
Use Multiple Family Demat Accounts: The single most effective strategy is to have different family members apply for one lot each using their own unique Demat and PAN accounts. Each application enters the lottery separately, multiplying the chances of a successful draw.
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