Groww IPO
Groww IPO
Overview
Groww IPO is a book build issue of ₹6,632.30 crores. The issue is a combination of fresh issue of 10.60 crore shares aggregating to ₹1,060.00 crores and offer for sale of 55.72 crore shares aggregating to ₹5,572.30 crores. Groww IPO opens for subscription on Nov 4, 2025 and closes on Nov 7, 2025. The allotment for the Groww IPO is expected to be finalized on Nov 10, 2025. Groww IPO will list on BSE, NSE with a tentative listing date fixed as Nov 12, 2025. Groww IPO price band is set at ₹95.00 to ₹100.00 per share . The lot size for an application is 150. The minimum amount of investment required by an retail is ₹15,000 (150 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,100 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (10,050 shares), amounting to ₹10,05,000. Kotak Mahindra Capital Co.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Total Shares
66,32,30,051
Issue Size
₹6,632.30 Cr
Price Band
₹95 – ₹100
Lot Size
150 shares
Min. Investment
₹15,000
Max. Investment
₹1,95,000
Open Date
04 Nov, 2025
Close Date
07 Nov, 2025
Allotment
10 Nov, 2025
Listing
12 Nov, 2025
Max. Investment
₹1,95,000
Announced
04 Nov, 2025
Opening Date
04 Nov, 2025
Closing Date
07 Nov, 2025
Basis of Allotment
10 Nov, 2025
Initiation of Refunds
11 Nov, 2025
Credit of Shares
11 Nov, 2025
Listing Date
12 Nov, 2025
Live GMP
Est. Listing: ₹105
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About Groww IPO
Incorporated in 2017, Groww is a Bengaluru-based fintech company that provides retail investors direct-to-customer digital investment platform that provides wealth creation opportunities to customers through multiple financial products and services.
The company offers platform to invest in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and U.S. stocks. Its mobile app is particularly popular among mutual fund investors.
Groww also offers value-added services such as
Groww IPO Share Price
Issue Breakdown
Shareholding
Dilution: 1.7% increase in shares
Groww IPO Promoters Holding
Groww IPO Financial Health
Billionbrains Garage Ventures Ltd.'s revenue increased by 45% and profit after tax (PAT) rose by 327% between the financial year ending with March 31, 2025 and March 31, 2024.
Groww IPO Lot Size
Investors can bid for a minimum of 150 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1950 | ₹1,95,000 |
| S-HNI (Min) | 14 | 2100 | ₹2,10,000 |
| S-HNI (Max) | 66 | 9900 | ₹9,90,000 |
| B-HNI (Min) | 67 | 10050 | ₹10,05,000 |
(All values in CR)
Groww IPO Valuations
The market capitalization of Groww IPO is ₹61735.97 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| RoNW | 37.57 |
| PAT Margin | 44.92 |
| EBITDA Margin | 59.11 |
| Price to Book Value | 11.76 |
| Market Capitalization | 61735.97 |
(All values in CR)
Groww IPO Strength & Risk
Groww IPO Strength:
- One of India’s leading and fastest-growing digital investment platforms.
- Strong and recognizable brand among new-age investors and millennials.
- Simple, user-friendly interface that encourages high engagement and user retention.
- Diversified financial offerings including stocks, mutual funds, IPO access, and lending.
- Strong institutional and venture capital backing adding financial stability and credibility.
- Consistent growth in user base driven by digital adoption and trust in online investing.
- Data-driven and technology-focused operations ensuring scalability and efficiency.
- Strong presence across Tier I, II, and III cities widening the retail investor reach.
- Continuous innovation in products and customer experience.
- Focused strategy on long-term financial inclusion and investor education.
Groww IPO Risk:
- Heavy dependence on trading volumes and market sentiment for revenue.
- Low revenue per user compared to traditional brokerage firms.
- Highly competitive fintech and broking landscape with new entrants.
- Vulnerability to regulatory changes in stockbroking, lending, and fintech sectors.
- Limited differentiation in services compared to other digital brokers.
- Risk of declining investor activity during weak market phases.
- Technology and cybersecurity threats that could impact platform reliability.
Groww IPO Subscriptions Status
Groww IPO subscribed 17.60 times. The public issue subscribed 9.43 times in the retail category, 22.02 times in QIB (Ex Anchor), and 14.20 times in the NII category by November 7, 2025 5:04:34 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 29,84,53,523 | 29,84,53,523 | 2 |
| QIB (Ex Anchor) | 22.02 | 19,89,69,015 | 4,38,03,79,950 | 43 |
| Non-Institutional Buyers | 14.20 | 9,94,84,508 | 1,41,28,97,100 | 14 |
| bNII (bids above ₹10L) | 16.28 | 6,63,23,005 | 1,07,98,37,100 | 10 |
| sNII (bids below ₹10L) | 10.04 | 3,31,61,503 | 33,30,60,000 | 3 |
| Retail | 9.43 | 6,63,23,005 | 62,53,99,350 | 6 |
| Total | 17.60 | 36,47,76,528 | 6,41,86,76,400 | 64 |
Groww IPO GMP
Groww IPO last GMP is ₹4.75, last updated Nov 7th 2025 04:33 PM. With the price band of 100.00, Groww IPO's estimated listing price is ₹104.75 (cap price + today's GMP).The expected percentage gain/loss per share is 4.75%. >> Groww IPO Retail Subject to Sauda: ₹500 >> Groww IPO Small HNI Subject to Sauda: ₹7000 The lowest GMP is ₹4.75, while the highest GMP is ₹16.70.
Last updated 07 Nov, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 07 Nov, 2025 | 100 | ₹4.75▼ | 500/7000 | ₹104.75 (4.75%) | 712.5 | 07 Nov, 2025 |
| 06 Nov, 2025 | 100 | ₹11▼ | 1300/18200 | ₹111 (11.00%) | 1650 | 06 Nov, 2025 |
| 05 Nov, 2025 | 100 | ₹14.75▲ | 1700/23800 | ₹114.75 (14.75%) | 2212.5 | 05 Nov, 2025 |
| 04 Nov, 2025 | 100 | ₹14▼ | 1600/22400 | ₹114 (14.00%) | 2100 | 04 Nov, 2025 |
| 03 Nov, 2025 | 100 | ₹16.5▼ | 1900/26600 | ₹116.5 (16.50%) | 2475 | 03 Nov, 2025 |
| 01 Nov, 2025 | 100 | ₹16.7▲ | 1900/26600 | ₹116.7 (16.70%) | 2505 | 01 Nov, 2025 |
| 31 Oct, 2025 | 100 | ₹16▲ | 1800/25200 | ₹116 (16.00%) | 2400 | 31 Oct, 2025 |
| 30 Oct, 2025 | 100 | ₹15▲ | 1700/23800 | ₹115 (15.00%) | 2250 | 30 Oct, 2025 |
| 29 Oct, 2025 | 100 | ₹10 | - | ₹10 (0.00%) | - | 29 Oct, 2025 |
| 28 Oct, 2025 | 100 | ₹10 | - | ₹10 (0.00%) | - | 28 Oct, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Groww IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Groww IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.