Groww IPO Day 1: Check Subscription Status, Key Highlights, and More
Groww, India’s No. 1 stockbroker, has launched its ₹6,632.3 crore Initial Public Offering (IPO) for public subscription today, November 4, 2025.
Ahead of the IPO opening, the company has raised ₹2985 crore from anchor investors on November 3, 2025.
Groww IPO: Issue Details
Groww IPO is a book-building issue of ₹6,632.3 crore, consisting of a fresh issue of ₹1,060 crore and an offer for sale of ₹5,572.30 crore.
The price band is set between ₹95 and ₹100 per share. The basis of allotment will be finalised by November 10, 2025, and the tentative listing date on BSE and NSE is November 12, 2025.
Groww IPO Day 1 Subscription Status
[4-November-2025 17:00:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.10 |
|
Non-Institutional Investors |
0.59 |
|
Retail Individual Investors (RIIs) |
1.91 |
|
Total |
0.57 |
Utilisation of IPO Proceeds
The net proceeds from the fresh will be used towards the following objectives:
- Performance marketing activities
- To fund expenditure towards cloud infrastructure and inorganic growth through unidentified acquisitions
- Brand building
- Invest in material subsidiaries:
- Groww Creditserv Technology Private Limited and
- Groww Invest Tech Private Limited, to augment its capital base and fund the margin trading facility (“MTF”) business, respectively.
- General corporate purposes
Groww Business Overview
Groww is a D2C (direct-to-customer) digital investment platform. With the Groww app, users can invest in mutual funds, IPOs, bonds, exchange-traded funds (ETFs), and trade in equities and commodities as well.
Groww is India’s largest and fastest-growing investment platform by active users on NSE as of June 30, 2025.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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