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Groww IPO fully subscribed on Day 2; check category-wise subscription and key details

Kamal Joshi
By Kamal Joshi

3 min read | Updated on November 06, 2025, 11:44 IST

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SUMMARY

Groww IPO is a mix of fresh issue of equity shares worth ₹1,060 crore along with an offer-for-sale (OFS) component of 55.72 crore equity shares valued at ₹5,572.30 crore. The total issue size is ₹6,632.30 crore.

Groww's ₹6,632 crore IPO would conclude on November 7.

Groww's ₹6,632 crore IPO would conclude on November 7.

Groww IPO: The initial public offering of Billionbrains Garage Ventures, the parent company of stock broking firm Groww, has been fully subscribed on the second day of bidding on Thursday, November 6.

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The initial share sale received bids for 38,15,94,600 shares, as against 36,47,76,528 shares on offer, translating to 1.05 times subscription, according to the data available with the NSE until 11:32 am.

Retail investors' portion has garnered 3.52 times subscription, while the part meant for non-institutional investors (NIIs) received 1.28 times subscription. The qualified institutional buyers (QIBs) quota received 10% subscription.

Groww IPO, with a price band of ₹95 to ₹100 per share, is a mix of fresh issue of equity shares worth ₹1,060 crore along with an offer-for-sale (OFS) component of 55.72 crore equity shares valued at ₹5,572.30 crore. The total issue size is ₹6,632.30 crore. A lot consists of 150 shares.

The company, backed by marquee investors such as Tiger Capital, Peak XV and Microsoft CEO Satya Nadella, intends to use the proceeds from the public issue to invest in technology development and business expansion.

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Of the fresh issuance, ₹225 crore will be utilised for brand building and performance marketing activities, and ₹205 crore will be infused in Groww Creditserv Technology Pvt Ltd, the NBFC unit, to augment its capital base.

Additionally, ₹167.5 crore will be invested in Groww Invest Tech Private Limited to fund its margin trading facility business, while ₹152.5 crore will be used to strengthen cloud infrastructure.

The remaining funds will be used for inorganic growth via acquisitions and for corporate general purposes.

Bengaluru-headquartered Groww filed a draft red herring prospectus (DRHP) in May this year with the markets regulator Securities and Exchange Board of India (SEBI) for an IPO through a confidential route and received SEBI's approval in August.

Founded in 2016, Groww, a stockbroker, has more than 12.6 million active clients and a market share of over 26% as of June 2025.

The company's shares will make its stock market debut on November 12.

Groww IPO GMP

According to media reports and investorgain.com, Groww's unlisted shares are trading at ₹113.5, reflecting a grey market premium of 13.5%, or ₹13.5, over the upper price band of ₹100.
Disclaimer: Grey Market Premium (GMP) is not regulated or recommended by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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