The initial public offering (IPO) of Billionbrains Garage Ventures Pvt Ltd, the parent company of stockbroking platform Groww, was fully subscribed (101%) on the second day of bidding, November 6.

₹6,632 Crore IPO Sees Strong Retail Demand

The ₹6,632 crore IPO received bids for 37 crore shares against an offer size of 36.47 crore shares, as per NSE data at 11:15 am.

Retail investors led the rally, subscribing to their reserved portion 3.41 times (341%).
Non-Institutional Investors (NIIs) also fully subscribed to their quota at 121%.
The Qualified Institutional Buyers (QIB) segment was 10% booked.

The price band for the issue is ₹95–₹100 per share.

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Grey Market Premium (GMP) Eases Slightly

According to Investorgain, Groww’s grey market premium (GMP) stood at 13% over the IPO price — down from 14.75% a day earlier and 16.70% before the issue opened.
As per IPO Watch, unlisted shares were trading with a 14% GMP over the IPO price.

Issue Structure and Key Dates

The IPO includes a fresh issue of ₹1,060 crore and an offer-for-sale (OFS) of 55.72 crore shares worth ₹5,572.30 crore by existing investors.
The issue opened on November 4 and will close on November 7.

Allotment date: November 10
Expected listing: November 12

Investor Participation and Share Details

Investors can bid for a minimum of 150 shares, requiring an investment of around ₹15,000 at the upper price band.
Groww is backed by marquee investors including Peak XV Partners, YC Holdings, Tiger Global, and Sequoia Capital.

Click here to explore: Groww IPO

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ByPradeep Sangatramani

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Pradeep Sangatramani, founder and CEO of NiftyTrader, is an IIM Calcutta alumnus with a background in engineering. Passionate about the stock market from early on, he spent years studying its dynamics and working in roles focused on market analysis, trading tools, and financial data. Realising the challenges traders face in accessing user-friendly tools, he built NiftyTrader to offer data-driven, easy-to-use solutions. Committed to transparency and education, Pradeep actively shares insights through articles and webinars, aiming to empower traders at all levels.