Fri Nov 07 03:10:00 UTC 2025: Summary:

Groww, a stock broking firm, is launching its IPO of ₹6,632.30 crore, including a fresh share issuance of ₹1,060 crore and an offer for sale of ₹5,572.30 crore by existing investors. As of day 2, the IPO was subscribed 1.64 times. The price band is ₹95 to ₹100 per share. Proceeds will be used for cloud infrastructure, brand building, acquisitions, and general corporate purposes. Allotment will be finalized on November 10, and listing is scheduled for November 12.

News Article:

Groww IPO Sees Strong Investor Interest as Subscription Closes

Mumbai, November 7, 2025 – The initial public offering (IPO) of Billionbrains Garage Ventures, the parent company of stock broking firm Groww, closed today, with preliminary data showing strong investor interest. The ₹6,632.30 crore IPO, a mix of fresh shares and an offer for sale by existing investors, had been subscribed 1.64 times as of day 2.

Retail investors showed particular enthusiasm, oversubscribing their quota by 5.02 times. The non-institutional investors (NII) category was subscribed 2.26 times, while qualified institutional buyers (QIBs) subscribed to 20% of their allotted portion.

Groww plans to use the funds raised to bolster its cloud infrastructure, invest in brand building, pursue inorganic growth through acquisitions, and for general corporate purposes.

The IPO’s price band was set at ₹95 to ₹100 per share, with a lot size of 150 shares. The basis of allotment is scheduled to be finalized on November 10, and the company is expected to list on the stock exchanges on November 12. Groww’s IPO is closely watched as a key indicator of investor sentiment towards digital investment platforms in India.

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