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Summary:

The Groww IPO, a Rs 6,632.30 crore offering, is in its final day of bidding (November 7, 2025) and has been subscribed 2.59 times overall so far. The IPO consists of a fresh issue and an offer for sale (OFS) by existing investors. The company intends to use the fresh issue proceeds for marketing, technology, and capital for its NBFC. Analysts have a mixed view, with some recommending “subscribe” for both listing gains and long-term investment, citing Groww’s strong growth potential and leading market position. Others are more neutral, citing valuation concerns. The IPO price band is Rs 95-100 per share.

News Article:

Groww IPO Sees Strong Investor Demand on Final Day

Mumbai, November 7, 2025 – The initial public offering (IPO) of Groww, the popular direct-to-customer digital investment platform, entered its final day of bidding today, drawing healthy investor participation. By 11:33 IST, the Rs 6,632.30 crore IPO had been subscribed 2.59 times overall.

Retail investors showed strong interest, subscribing 6.55 times their allotted portion. Non-Institutional Investors (NIIs) subscribed 4.51 times, while Qualified Institutional Buyers (QIBs) subscribed to 0.31 times their allocation.

The IPO comprises a fresh issue of Rs 1,060 crore and an offer for sale (OFS) of Rs 5,572 crore. The company plans to utilize the funds raised through the fresh issue for performance marketing, technological advancements, inorganic growth initiatives, and bolstering the capital base of its NBFC (Non-Banking Financial Company) subsidiary.

Analysts are divided on their recommendations. Some brokerage houses, such as Canara Bank Securities and Deven Choksey Research, have assigned a “subscribe” rating, citing Groww’s strong growth potential, technology-driven model, diversified product mix, and attractive valuations relative to its growth trajectory. Ya Wealth also suggests subscribing for potential listing gains.

Other analysts, like those at Angel One, recommend a neutral stance for long-term investors, citing relatively steep valuation concerns.

The IPO price band is set between Rs 95 and Rs 100 per share. Investors can apply in lots of 150 shares. Allotment is expected around November 10th, with refunds and demat credit of shares anticipated on November 11th.

Major shareholders, including Peak XV Partners, Ribbit Capital, and Tiger Global, are divesting a portion of their holdings through the OFS.

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