{"id":16899,"date":"2025-11-06T11:57:20","date_gmt":"2025-11-06T06:27:20","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=16899"},"modified":"2025-11-06T11:57:20","modified_gmt":"2025-11-06T06:27:20","slug":"groww-ipo-day2-subscription-retail-3x-gmp-update","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/groww-ipo-day2-subscription-retail-3x-gmp-update\/","title":{"rendered":"Groww IPO Fully Subscribed on Day 2; Retail Portion Booked 3x"},"content":{"rendered":"<p data-start=\"71\" data-end=\"281\">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.<\/p>\n<h4 data-start=\"288\" data-end=\"339\">\u20b96,632 Crore IPO Sees Strong Retail Demand<\/h4>\n<p data-start=\"340\" data-end=\"482\">The \u20b96,632 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.<\/p>\n<ul data-start=\"483\" data-end=\"747\">\n<li data-start=\"483\" data-end=\"580\">\n<p data-start=\"485\" data-end=\"580\">Retail investors led the rally, subscribing to their reserved portion 3.41 times (341%).<\/p>\n<\/li>\n<li data-start=\"581\" data-end=\"670\">\n<p data-start=\"583\" data-end=\"670\">Non-Institutional Investors (NIIs) also fully subscribed to their quota at 121%.<\/p>\n<\/li>\n<li data-start=\"671\" data-end=\"747\">\n<p data-start=\"673\" data-end=\"747\">The Qualified Institutional Buyers (QIB) segment was 10% booked.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"749\" data-end=\"810\">The price band for the issue is \u20b995\u2013\u20b9100 per share.<\/p>\n<p><em><strong>Also Read<\/strong>: <a href=\"https:\/\/www.niftytrader.in\/content\/q2-results-delhivery-kaynes-ola-electric-earnings-update\/\">Q2 Results LIVE: Delhivery, Kaynes, Ola Electric Fall as Earnings Flood In<\/a><\/em><\/p>\n<h4 data-start=\"817\" data-end=\"866\">Grey Market Premium (GMP) Eases Slightly<\/h4>\n<p data-start=\"867\" data-end=\"1142\">According to Investorgain, Groww\u2019s grey market premium (GMP) stood at 13% over the IPO price \u2014 down from 14.75% a day earlier and 16.70% before the issue opened.<br data-start=\"1048\" data-end=\"1051\" \/>As per IPO Watch, unlisted shares were trading with a 14% GMP over the IPO price.<\/p>\n<h4 data-start=\"1149\" data-end=\"1187\">Issue Structure and Key Dates<\/h4>\n<p data-start=\"1188\" data-end=\"1418\">The IPO includes a fresh issue of \u20b91,060 crore and an offer-for-sale (OFS) of 55.72 crore shares worth \u20b95,572.30 crore by existing investors.<br data-start=\"1345\" data-end=\"1348\" \/>The issue opened on November 4 and will close on November 7.<\/p>\n<ul data-start=\"1419\" data-end=\"1492\">\n<li data-start=\"1419\" data-end=\"1454\">\n<p data-start=\"1421\" data-end=\"1454\">Allotment date: November 10<\/p>\n<\/li>\n<li data-start=\"1455\" data-end=\"1492\">\n<p data-start=\"1457\" data-end=\"1492\">Expected listing: November 12<\/p>\n<\/li>\n<\/ul>\n<h4 data-start=\"1499\" data-end=\"1548\">Investor Participation and Share Details<\/h4>\n<p data-start=\"1549\" data-end=\"1795\">Investors can bid for a minimum of 150 shares, requiring an investment of around \u20b915,000 at the upper price band.<br data-start=\"1670\" data-end=\"1673\" \/>Groww is backed by marquee investors including Peak XV Partners, YC Holdings, Tiger Global, and Sequoia Capital.<\/p>\n<p><em><strong>Click here to explore:<\/strong> <a href=\"https:\/\/www.niftytrader.in\/ipo\/groww-ipo\">Groww IPO<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. \u20b96,632 Crore IPO Sees Strong Retail Demand The \u20b96,632 crore IPO received bids for 37 crore shares against an offer size of 36.47 crore shares, [&hellip;]<\/p>\n","protected":false},"author":6,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1367],"tags":[],"ppma_author":[1383],"class_list":["post-16899","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ipo-news"]," _eael_post_view_count":0,"authors":[{"term_id":1383,"user_id":6,"is_guest":0,"slug":"pradeep","display_name":"Pradeep Sangatramani","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/09\/Pradeep-Sangatramni.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/09\/Pradeep-Sangatramni.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/16899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=16899"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/16899\/revisions"}],"predecessor-version":[{"id":16902,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/16899\/revisions\/16902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/16364"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=16899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=16899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=16899"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=16899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}