Groww IPO GMP, Subscription Status Day 3 Online Live Updates: The Groww IPO closed Day 3 of subscription with an overwhelming response from investors. The issue opened on November 4, giving retail and institutional investors three days to participate in the IPO bidding.
| Groww India IPO | Key Details |
| Price Band | Rs 95-100 per share |
| IPO Date | Nov 4-7 |
| GMP | 5% |
| IPO Allotment date | November 10 |
| Listing date | November 12 |
Groww IPO price band and minimum investment
The IPO was priced between Rs 95 and Rs 100 per share. Investors had to apply for one lot of 150 shares. This means a minimum investment of around Rs 15,000 at the upper end of the price band.
Groww IPO: Issue structure explained
The total issue size stands at Rs 6,632.30 crore. Of this, Groww is raising Rs 1,060 crore through a fresh equity issuance. The remaining shares, approximately 55.72 crore, will be sold by existing investors through an offer for sale (OFS). Key shareholders offloading stakes include Peak XV Partners, Ribbit Capital, Y Combinator, Tiger Global, and Kauffman Fellows Fund.
Allotment and refund timeline
Investors can expect the basis of allotment to be finalised on Monday, November 10. Refunds for unsuccessful applicants are likely to begin the following day, November 11, alongside crediting of shares to successful bidders’ demat accounts.
Live Updates
Groww IPO Subscription Status, GMP Live: Subscription details
Investors subscribed to the IPO of Groww enthusiastically on the last day. The issue was booked a total of 17.6 times. The retailers subscribed 9.4 times, and the Non-Institutional Investors (NIIs) subscribed 14.20 times to the issue. The Qualified Institutional Buyers (QIBs) subscribed to the IPO 22.02 times.
Groww IPO Subscription Status, GMP Live: Digitalisation changing investment market
Prior to CY16, investment avenues had traditionally been unfamiliar, complex, jargon-loaded, and expensive, acting as a barrier for common retail investors to participate in the capital markets. By delivering easy, transparent and seamless platforms, streamlining transactions & investment processes, aided by regulations, new-age digital-first players have facilitated market growth.
Groww IPO Subscription Status, GMP Live: Total addressable market
In terms of value, the total addressable market of India’s Investment and Wealth Management sector is Rs 1.1 lakh crore as of March 2025 and is expected to grow to Rs 2.2 – Rs 2.6 lakh crore by March 2030. The market is expanding, driven by higher investor participation, growing disposable income and higher investible funds. The rise of digital-first platforms is democratising access to capital markets and empowering investors to build and manage their portfolios with simplified content, information and tools.
Groww IPO Subscription Status, GMP Live: About Groww
Groww is a Bengaluru-based fintech company that provides retail investors direct-to-customer digital investment platform. The platform gives wealth creation opportunities to customers through multiple financial products and services. The company offers a 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 Margin Trading Facility (MTF), algorithmic trading, New Fund Offers (NFOs), and credit solutions.
Groww IPO Subscription Status, GMP Live: Allotment and listing date
Allotment date: Expected on November 10
Refunds & demat credits: On November 11
Listing date: Scheduled for November 12 on both BSE and NSE
Groww IPO Subscription Status, GMP Live: Subscription update
As bidding entered its final hours on Day 3, the public issue was subscribed 7.04 times overall so far. The retail investor portion led slightly with 7.73 times subscription, while non-institutional investors (NII) followed closely at 7.77 times. The qualified institutional buyers (QIB) subscribed 6.43 times. The bidding is still underway for Groww IPO.
Groww IPO Subscription Status, GMP Live: Allotment date
The Groww IPO share allotment is likely to be finalised on November 10. After the allotment is completed, investors will be able to check their application status to see whether they have received shares.
Groww IPO Subscription Status, GMP Live: Who is managing the issue
The IPO is managed by leading investment banks such as Kotak Mahindra Capital, Morgan Stanley India, and Axis Capital. The registrar, MUFG Intime India , oversees the allotment and refund process.
Groww IPO Subscription Status, GMP Live: Key dates to remember
Public subscription: From November 4 to November 7
Allotment date: Expected on November 10
Refunds & demat credits: On November 11
Listing date: Scheduled for November 12 on both BSE and NSE
Groww IPO Subscription Status, GMP Live: Arihant Capital Markets take on this IPO
“At the upper band of Rs 100, the issue is valued at a P/E ratio of 33.84x, based on a EPS of INR 2.96 per share. We are recommending a “Subscribe for listing gain” rating for this issue,” said Arihant Capital Markets in its IPO note.
Groww IPO Subscription Status, GMP Live: Subscription so far on Day 3
Groww IPO enters Day 3 of biding today. The issue has been subscribed 2.56 times overall, with the retail portion leading the charge at 6.53 times. The non-institutional investors (NII) category has seen a subscription of 4.42 times, while the qualified institutional buyers (QIB) segment has received a relatively muted response so far, subscribing 0.31 times.
Groww IPO Subscription Status, GMP Live: Brokerage take on this IPO
“At the upper price band, the company is valued at 33.8x FY25 P/E, implying a post-issue market capitalization of Rs 6,17,360 million. Groww seeks to strengthen its pan-India brand by focusing on trust, transparency, and financial inclusion while expanding its customer base organically through word-of-mouth and operating leverage. The company also plans to diversify its product suite with offerings like MTF, commodity derivatives, API trading, wealth management (‘W’), LAS, and Bonds to enhance engagement, wallet share, and AARPU. Considering these factors, the IPO appears fully priced and is rated “Subscribe – Long Term,” aid Anand Rathi Research in its IPO note.
Groww IPO Subscription Status, GMP Live: Angel One in its IPO
“At the upper price band of Rs 100 per share, the company is valued at a post-issue P/E of 40.79x, the valuation appears steep compared to peers. So we assign a “Neutral” rating for investors with a long-term perspective,” said Angel One in its IPO note
Groww IPO Subscription Status, GMP Live: Deven Choksey take on this IPO
“The IPO comprises a fresh issue of Rs 1,060 Cr and an offer for sale of Rs 5,572 Cr, totaling Rs 6,632 Cr. The proceeds from the fresh issue will be used for performance marketing (Rs 400 Cr), tech/inorganic growth (Rs 300 Cr), NBFC capital (Rs 200 Cr), and working capital (Rs 160 Cr). The IPO is priced at a P/E ratio of 41x based on FY25 EPS and EV/EBITDA of 25x TTM. This valuation appears premium compared to listed peers but justified relative to growth potential. With revenue growth at 50% in FY25 and PAT margin improving to 47%, the company is well-positioned to capitalize on the expanding wealth tech market. We assign a “Subscribe” rating,” said Deven Choksey Research in its IPO note.
Groww IPO Subscription Status, GMP Live: Listing schedule
Groww shares are scheduled to debut on the NSE and BSE on November 12. Successful applicants will see the shares credited to their demat accounts before that date, allowing trading to begin once listed.
Groww IPO Subscription Status, GMP Live: Canara Bank Securities take on this IPO
“Groww, India’s leading retail investment platform, combines a tech-first model, intuitive design, and strong customer trust to drive scalable, profitable growth. Despite FY24’s one-time losses, its diversified products, low CAC, and rising ARPU highlight strong fundamentals. At Rs 100, valuations (P/E 29.94x, P/B 11.25) remain attractive—we recommend ‘Subscribe’ for listing gains and long-term returns,” said Canara Bank Securities in an IPO note.
Groww IPO Subscription Status, GMP Live: Listing schedule
Groww shares are scheduled to debut on the NSE and BSE on November 12. Successful applicants will see the shares credited to their demat accounts before that date, allowing trading to begin once listed.
Groww IPO Subscription Status, GMP Live: Key managers and registrar
The IPO was managed by leading investment banks — Kotak Mahindra Capital, Morgan Stanley India, and Axis Capital. The registrar, MUFG Intime India , oversees the allotment and refund process.
Groww IPO Subscription Status, GMP Live: Purpose of fundraising
Groww plans to use the fresh issue proceeds to enhance its technology platforms, expand operations, and strengthen its presence in retail broking and mutual fund distribution. The OFS proceeds will go directly to existing shareholders selling their stakes.
Groww IPO Subscription Status, GMP Live: IPO Snapshot
Groww launched a Rs 6,632.30 crore IPO, which included a fresh issue worth Rs 1,060 crore and an Offer for Sale (OFS) of 55.72 crore shares by existing investors such as Peak XV Partners and Tiger Global. The price band for the issue was Rs 95–Rs 100 per share, with a minimum bid lot of 150 shares.
Groww IPO Subscription Status, GMP Live: Allotment timeline
The share allotment for the Groww IPO is expected to be finalised on November 10. Once the process is completed, investors will be able to check whether they received shares.
Groww IPO Subscription Status, GMP Live: IPO timeline
Public subscription: Runs from November 4 to November 7
Allotment date: Expected on November 10
Refunds & demat credits: On November 11
Listing date: Scheduled for November 12 on both BSE and NSE
Groww IPO Subscription Status, GMP Live: Angel One on the IPO
“At the upper price band of Rs 100 per share, the company is valued at a post-issue P/E of 40.79x, the valuation appears steep compared to peers. So we assign a “Neutral” rating for investors with a long-term perspective,” said Angel One in its IPO note
Groww IPO Subscription Status, GMP Live: Anchor investors
Before the IPO opened, Groww raised Rs 2,985 crore from anchor investors on November 3, 2025. These investors have a lock-in period – 50% of their shares are locked for 30 days and the remaining 50% for 90 days post-listing, as per SEBI rules.
Groww IPO Subscription Status, GMP Live: Revenue detail
Revenue rose from Rs 11,415 million in FY23 to Rs 39,017 million in FY25, marking a CAGR of 84.9%. PAT stood at Rs 18,244 million in FY25, versus a loss in FY24. EBITDA margin improved sharply to 60.8% in FY25.
Groww IPO Subscription Status, GMP Live: Industry outlook
The National Stock Exchange (NSE) emerged as the third largest globally by equity trading volume as of March 2025. In Q4 FY25, the cash market segment recorded an Average Daily Turnover (ADTO) of Rs 95,500 crore, contributing 17.3% to global equity cash trades. With IPOs and FPOs forming less than 0.5% of market capitalisation, India has significant headroom for future equity supply expansion.
Groww IPO Subscription Status, GMP Live: Canara Bank Securities on IPO valuation
“Groww, India’s leading retail investment platform, combines a tech-first model, intuitive design, and strong customer trust to drive scalable, profitable growth. Despite FY24’s one-time losses, its diversified products, low CAC, and rising ARPU highlight strong fundamentals. At Rs 100, valuations (P/E 29.94x, P/B 11.25) remain attractive—we recommend ‘Subscribe’ for listing gains and long-term returns,” said Canara Bank Securities in an IPO note.
Groww IPO Subscription Status, GMP Live: Deven Choksey Research take on this IPO
“The IPO comprises a fresh issue of Rs 1,060 Cr and an offer for sale of Rs 5,572 Cr, totaling Rs 6,632 Cr. The proceeds from the fresh issue will be used for performance marketing (Rs 400 Cr), tech/inorganic growth (Rs 300 Cr), NBFC capital (Rs 200 Cr), and working capital (Rs 160 Cr). The IPO is priced at a P/E ratio of 41x based on FY25 EPS and EV/EBITDA of 25x TTM. This valuation appears premium compared to listed peers but justified relative to growth potential. With revenue growth at 50% in FY25 and PAT margin improving to 47%, the company is well-positioned to capitalize on the expanding wealth tech market. We assign a “Subscribe” rating,” said Deven Choksey Research in its IPO note.
Groww IPO Subscription Status, GMP Live: Issue timeline
Public subscription: Runs from November 4 to November 7
Allotment date: Expected on November 10
Refunds & demat credits: On November 11
Listing date: Scheduled for November 12 on both BSE and NSE
Groww IPO Subscription Status, GMP Live: Brokerage take on this IPO
“From a valuation perspective, the Company is currently valued at P/E multiple of 29.9x based on its FY25 earnings,” said Bajaj Broking in its IPO note