Groww IPO Fully Subscribed on Day 2: GMP, Subscription Status, and Expert Views
LG Electronics India IPO Listing Date, Subscription Details & Financials 2025
Groww IPO was fully subscribed on Day 2, led by strong retail demand.
The IPO of Billionbrains Garage Ventures, the parent company of Groww, was fully subscribed (101%) by the second day of bidding on November 6.
This happened even though the grey market premium (GMP) dropped slightly for the ₹6,632 crore issue.
Strong Demand from Retail Investors
By 11:15 am, data from the NSE showed that investors had applied for 37 crore shares against 36.47 crore shares on offer.
Retail investors led the demand, subscribing 3.4 times their quota.
Non-Institutional Investors (NIIs) also fully booked their portion (121%).
Meanwhile, Qualified Institutional Buyers (QIBs) subscribed 10% of their reserved shares.
Grey Market Premium (GMP) Update
Unlisted shares of Groww were trading with a 13% premium over the IPO price, as per data from Investorgain.
This is lower than the 14.75% recorded a day earlier, and down from 16.7% before the IPO opened.
According to IPO Watch, the shares were seen with a 14% GMP in recent trades.
About Groww IPO
The Groww IPO opened for subscription on November 4 and will close on November 7.
The price band has been set at ₹95–₹100 per share.
The issue size is ₹6,632.30 crore, which includes a fresh issue worth ₹1,060 crore and an offer-for-sale of 55.72 crore shares valued at ₹5,572.30 crore.
Allotment is expected on November 10, and the shares are likely to list on November 12.
Woman injured in stabbing attack in Tokyo, suspect at large
Bengal cop booked for murder over mysterious death of woman home guard, SIT to probe case
Staffer recalls horror of 7-kg gold robbery by armed gang in Karnataka’s Hunsur
25-Year-Old Airline Cabin Crew Member Dies At Gurugram Party; Police Begin Investigation
