The Groww IPO opened for subscription on November 4, 2025, and closed on November 7, 2025. It is a large fintech IPO with a price band of Rs 95-100 per share and a total issue size of Rs 6,632 crore. The IPO subscription has seen mixed interest across categories, with a strong retail investor turnout. The grey market premium (GMP) for the Groww IPO is currently around Rs 11-13, indicating a probable listing price about 11% to 13% above the issue price, reflecting positive investor sentiment ahead of the listing.
Subscription Status:
- Overall subscription crossed around 1.64 times by the end of the subscription period.
- Retail investors subscribed strongly, about 5 times in their category.
- Qualified Institutional Buyers (QIBs), excluding anchor investors, subscribed about 0.20 times.
- Non-Institutional Investors (NIIs) subscribed around 2.26 times.
- The IPO allotment is expected on November 10, with refunds on November 11, and listing scheduled for November 12, 2025.
Grey Market Premium (GMP):
- The GMP is reported between Rs 11 to Rs 13 per share, which is approximately 11% to 13% premium over the IPO price.
- This premium indicates robust demand in the grey market, a positive sign for listing gains.
IPO Details:
- Price Band: Rs 95-100 per share
- Minimum Lot Size: 150 shares (approx Rs 15,000 minimum investment)
- Issue Size: Rs 6,632 crore (fresh issue + offer for sale)
- Subscription Period: Nov 4 – Nov 7, 2025
- Allotment Date: Nov 10, 2025
- Listing Date: Nov 12, 2025 on NSE and BSE
The Groww IPO is positioned as a major fintech offering, with strong backing from institutional investors despite moderate QIB subscription. Retail investors showed keen interest, which drives a higher subscription rate in that category.
