Groww IPO Day 2: Issue fully subscribed amid strong retail demand—Check for key updates

Groww IPO: The initial public offering (IPO) of Billionbrains Garage Ventures Limited, the parent company of Groww, stepped into its second day of public subscription today, November 6, with the issue subscribed 1.11 times so far, as per the provisional exchange. The public offer will remain open for bidding till November 7, 2025. The company aims to raise Rs 6,632.30 crore through the public offering.

Groww IPO subscription status

As of 12:15 pm, investors have bid for 40.56 crore shares against the total shares on offer. The subscription includes bids from institutional buyers, institutional investors and retail investor categories who booked the issue 0.10 times, 1.37 times and 3.75 times against their allotted portions, respectively.

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In terms of shares, the QIBs, NIIs, and RIIs have booked 2.05 crore, 13.62 crore and 24.88 crore shares against their allotted portions, respectively.

Groww IPO details

The Groww IPO is a book-build issue of Rs 6,632.30 crore, comprising a fresh issue of 10.60 crore shares and an offer-for-sale (OFS) of 55.72 crore shares.

The IPO has allocated 50 per cent, 35 per cent, and 15 per cent of the net offer to the QIB, NII, and retail investor categories, respectively.

Price band: Rs 95 to Rs 100 per equity share

Subscription date: From November 4 to November 7, 2025

Lot size: 150 shares (minimum investment of Rs 15,000 based on upper price)

Allotment date: November 10, 2025

Listing date: November 12, 2025

Groww company profile

Founded in 2017, Groww is a financial technology company based in Bengaluru that offers the retail investor a direct-to-consumer digital investment platform through different financial products and services.

The company provides an online investment platform to make investments in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and U.S. stocks through its website.

Financially, Groww's revenue from operations rose nearly 50 per cent to Rs 3,901.7 crore and a net profit of Rs 1,824.4 crore.