Groww IPO subscribed 2.05 times so far on Day 3: Check allotment date and steps

Groww IPO: The initial public offering of Billionbrains Garage Ventures, which operates stock broking firm Groww, has been subscribed 2.05 times so far on Friday, November 7, the final day of bidding.

It received bids for 74,65,47,150 shares as against 36,47,76,528 shares on offer, according to the NSE data.

Retail individual investors (RIIs) quota received 5.90 times subscription, while the category for non-institutional investors (NIIs) got subscribed 3.03 times. The portion for qualified institutional buyers (QIBs) mobilised 27% subscription.

The ₹6,632.30 crore public offer is a mix of fresh issuance of shares valued at ₹1,060 crore as well as an offer for sale (OFS) of ₹5,572.30 crore by existing investors. With a price band of ₹95 to ₹100 per share, a lot consisted of 150 shares.

The fresh issue proceeds will be used towards cloud infrastructure, brand building and performance activities, investment in material subsidiaries, funding inorganic growth through acquisitions and general corporate purposes.

Groww, a direct-to-customer digital investment platform, offers financial products and services to consumers. It allows customers to invest and trade in stocks, bonds, derivatives, mutual funds and other products.

Groww IPO: Allotment and listing dates

The basis of allotment of the Groww IPO will be finalised on Monday, November 10. The listing on the stock exchanges will occur on Wednesday, November 12.

Groww IPO allotment status on MUFG Intime India; full steps

• Click on this link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• From the IPO names, select ‘Billionbrains Garage Ventures Limited’
• Add details such as PAN, Account No/IFSC, Application No or DP/Client ID
• Click on the ‘Submit’ button

Steps to check Groww IPO allotment status on NSE

• Open the bid finalisation portal of NSE: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Keep ‘Equity & SME IPO bid details’ option
• Click on 'GROWW' from the 'Select Symbol' list
• Mention your application number and PAN
• Click on submit

How to check Groww IPO allotment status on BSE

• Visit this link: https://bseindia.com/investors/appli_check.aspx
• Keep issue type as 'Equity'
• Pick ‘Billionbrains Garage Ventures Limited’ from the public issues
• Add PAN or IPO application number
• Press the ‘Search’ button

Groww IPO GMP