Groww IPO is oversubscribed 17.6 times with strong QIB interest; issue size ₹6,632 crore, price band ₹95–100, allotment on Nov 10 and tentative listing on Nov 12. GMP ₹5 points to modest listing gains.
Groww IPO Sees Overwhelming Response From Investors
Groww’s initial public offering drew robust investor interest during its three-day subscription window, closing Day 3 with the issue subscribed 17.60 times after bids for 641 crore shares against just 36 crore shares on offer. Qualified institutional buyers led the charge with a subscription of about 22 times, non-institutional investors (NIIs) subscribed 14 times, while the retail portion closed at 9.43 times, according to exchange data.
The offer comprises a fresh issue of ₹1,060 crore and an offer-for-sale of ₹5,572 crore, taking the total issue size to roughly ₹6,632 crore. Proceeds from the fresh issue are earmarked for performance marketing, technology and inorganic growth, NBFC capital and working capital needs, underscoring Groww’s focus on scaling customer acquisition and product build-out as it prepares to operate as a listed fintech marketplace.
Retail investors faced a minimum application of 150 shares (lot size), which at the upper band of ₹100 translates to a minimum investment of about ₹15,000. The IPO price band was set at ₹95–100 per share and allotment is scheduled for November 10, 2025, with a tentative listing date on the BSE and NSE of November 12, 2025.
