Groww IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Nov 04 to Nov 07 2025
Price Band
₹95 - 100
Current GMP
₹112.0 (+12%)
Subscription
17.60 times
IPO Details
| IPO Date | November 4, 2025 to November 7, 2025 |
| Listing Date | November 12, 2025 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹95 to ₹100 per share |
| Issue Price Final | ₹100 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 66,32,30,051 shares (aggregating up to ₹6,632.30 Cr) |
| Fresh Issue | 10,60,00,000 shares (aggregating up to ₹1,060.00 Cr) |
| Offer for Sale | 55,72,30,051 shares of ₹2 (aggregating up to ₹5,572.30 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,06,75,96,631 shares |
| Share Holding Post Issue | 6,17,35,96,631 shares |
IPO Date
November 4, 2025 to November 7, 2025
Listing Date
November 12, 2025
Face Value
₹2 per share
Issue Price Band
₹95 to ₹100 per share
Issue Price Final
₹100 per share
Lot Size
150 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total Issue Size
66,32,30,051 shares (aggregating up to ₹6,632.30 Cr)
Fresh Issue
10,60,00,000 shares (aggregating up to ₹1,060.00 Cr)
Offer for Sale
55,72,30,051 shares of ₹2 (aggregating up to ₹5,572.30 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
6,06,75,96,631 shares
Share Holding Post Issue
6,17,35,96,631 shares
IPO Subscription Details
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 22.02 |
| Non-Institutional Buyers | 14.20 |
| bNII (bids above ₹10L) | 16.28 |
| sNII (bids below ₹10L) | 10.04 |
| Retail Investors | 9.43 |
| Total ** | 17.60 |
Anchor Investors
1
QIB (Ex Anchor)
22.02
Non-Institutional Buyers
14.20
bNII (bids above ₹10L)
16.28
sNII (bids below ₹10L)
10.04
Retail Investors
9.43
Total **
17.60
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 Nov 4, 2025 | 0.10 | 0.59 | 0.41 | 0.97 | 1.91 | 0.57 |
| Day 2 Nov 6, 2025 | 0.20 | 2.26 | 1.80 | 3.17 | 5.02 | 1.64 |
| Day 3 Nov 7, 2025 | 22.02 | 14.20 | 16.28 | 10.04 | 9.43 | 17.60 |
DayDay 1
Nov 4, 2025
QIB (Ex Anchor)0.10
NII0.59
NII (> ₹10L)0.41
NII (< ₹10L)0.97
Retail1.91
Total0.57
DayDay 2
Nov 6, 2025
QIB (Ex Anchor)0.20
NII2.26
NII (> ₹10L)1.80
NII (< ₹10L)3.17
Retail5.02
Total1.64
DayDay 3
Nov 7, 2025
QIB (Ex Anchor)22.02
NII14.20
NII (> ₹10L)16.28
NII (< ₹10L)10.04
Retail9.43
Total17.60
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 12-11-2025 | 100.00 | 5(5.00%) | 105 |
| 11-11-2025 | 100.00 | 5(5.00%) | 105 |
| 10-11-2025 | 100.00 | 4.75(4.75%) | 104.75 |
| 09-11-2025 | 100.00 | 4(4.00%) | 104 |
| 08-11-2025 | 100.00 | 4.2(4.20%) | 104.2 |
| 07-11-2025 | 100.00 | 5(5.00%) | 105 |
| 06-11-2025 | 100.00 | 11(11.00%) | 111 |
| 05-11-2025 | 100.00 | 14.75(14.75%) | 114.75 |
| 04-11-2025 | 100.00 | 14(14.00%) | 114 |
| 03-11-2025 | 100.00 | 16.5(16.50%) | 116.5 |
| 01-11-2025 | 100.00 | 16.7(16.70%) | 116.7 |
| 31-10-2025 | 100.00 | 16(16.00%) | 116 |
| 30-10-2025 | 100.00 | 15(15.00%) | 115 |
| 29-10-2025 | 0 | 10(0.00%) | 10 |
| 28-10-2025 | 0 | 10(0.00%) | 10 |
Date12-11-2025
Price100.00
GMP5(5.00%)
Estimate List Price105
Date11-11-2025
Price100.00
GMP5(5.00%)
Estimate List Price105
Date10-11-2025
Price100.00
GMP4.75(4.75%)
Estimate List Price104.75
Date09-11-2025
Price100.00
GMP4(4.00%)
Estimate List Price104
Date08-11-2025
Price100.00
GMP4.2(4.20%)
Estimate List Price104.2
Date07-11-2025
Price100.00
GMP5(5.00%)
Estimate List Price105
Date06-11-2025
Price100.00
GMP11(11.00%)
Estimate List Price111
Date05-11-2025
Price100.00
GMP14.75(14.75%)
Estimate List Price114.75
Date04-11-2025
Price100.00
GMP14(14.00%)
Estimate List Price114
Date03-11-2025
Price100.00
GMP16.5(16.50%)
Estimate List Price116.5
Date01-11-2025
Price100.00
GMP16.7(16.70%)
Estimate List Price116.7
Date31-10-2025
Price100.00
GMP16(16.00%)
Estimate List Price116
Date30-10-2025
Price100.00
GMP15(15.00%)
Estimate List Price115
Date29-10-2025
Price0
GMP10(0.00%)
Estimate List Price10
Date28-10-2025
Price0
GMP10(0.00%)
Estimate List Price10
IPO Important Dates
| IPO Open Date | Tue, Nov 4, 2025 |
| IPO Close Date | Fri, Nov 7, 2025 |
| Tentative Allotment | Mon, Nov 10, 2025 |
| Initiation of Refunds | Tue, Nov 11, 2025 |
| Credit of Shares to Demat | Tue, Nov 11, 2025 |
| Tentative Listing Date | Wed, Nov 12, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 7, 2025 |
IPO Open Date
Tue, Nov 4, 2025
IPO Close Date
Fri, Nov 7, 2025
Tentative Allotment
Mon, Nov 10, 2025
Initiation of Refunds
Tue, Nov 11, 2025
Credit of Shares to Demat
Tue, Nov 11, 2025
Tentative Listing Date
Wed, Nov 12, 2025
Cut-off time for UPI mandate confirmation
5 PM on Fri, Nov 7, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1,950 | ₹1,95,000 |
| S-HNI (Min) | 14 | 2,100 | ₹2,10,000 |
| S-HNI (Max) | 66 | 9,900 | ₹9,90,000 |
| B-HNI (Min) | 67 | 10,050 | ₹10,05,000 |
ApplicationRetail (Min)
Lots1
Shares150
Amount₹15,000
ApplicationRetail (Max)
Lots13
Shares1,950
Amount₹1,95,000
ApplicationS-HNI (Min)
Lots14
Shares2,100
Amount₹2,10,000
ApplicationS-HNI (Max)
Lots66
Shares9,900
Amount₹9,90,000
ApplicationB-HNI (Min)
Lots67
Shares10,050
Amount₹10,05,000
Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 30 Jun 2024 | 31 Mar 2024 |
|---|---|---|---|---|
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 30 Jun 2024 | 31 Mar 2024 |
| Assets | 12,713.18 | 10,077.31 | 10,819.10 | 8,017.97 |
| Total Income | 948.47 | 4,061.65 | 1,047.58 | 2,795.99 |
| Profit After Tax | 378.37 | 1,824.37 | 338.01 | -805.45 |
| EBITDA | 418.75 | 2,371.01 | 482.66 | -780.88 |
| NET Worth | 5,995.45 | 4,855.35 | 2,886.28 | 2,542.64 |
| Reserves and Surplus | 5,506.78 | 3,251.92 | 2,821.41 | 2,477.76 |
| Total Borrowing | 324.08 | 351.99 | 117.66 | 24.06 |
Period EndedPeriod Ended
30 Jun 202530 Jun 2025
31 Mar 202531 Mar 2025
30 Jun 202430 Jun 2024
31 Mar 202431 Mar 2024
Period EndedAssets
30 Jun 202512,713.18
31 Mar 202510,077.31
30 Jun 202410,819.10
31 Mar 20248,017.97
Period EndedTotal Income
30 Jun 2025948.47
31 Mar 20254,061.65
30 Jun 20241,047.58
31 Mar 20242,795.99
Period EndedProfit After Tax
30 Jun 2025378.37
31 Mar 20251,824.37
30 Jun 2024338.01
31 Mar 2024-805.45
Period EndedEBITDA
30 Jun 2025418.75
31 Mar 20252,371.01
30 Jun 2024482.66
31 Mar 2024-780.88
Period EndedNET Worth
30 Jun 20255,995.45
31 Mar 20254,855.35
30 Jun 20242,886.28
31 Mar 20242,542.64
Period EndedReserves and Surplus
30 Jun 20255,506.78
31 Mar 20253,251.92
30 Jun 20242,821.41
31 Mar 20242,477.76
Period EndedTotal Borrowing
30 Jun 2025324.08
31 Mar 2025351.99
30 Jun 2024117.66
31 Mar 202424.06
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) |
|---|---|---|---|---|---|
| Billionbrains Garage Ventures Ltd. | 3.34 | 3.19 | 8.89 | 37.57 | |
| Angel One Limited | 130.05 | 126.82 | 623.72 | 19.80 | 20.85 |
| Motilal Oswal Financial Services Limited | 41.83 | 41.00 | 185.24 | 24.88 | 22.64 |
| 360 One Wam Limited | 27.14 | 26.08 | 188.89 | 45.20 | 14.37 |
| Nuvama Wealth Management Limited | 276.66 | 268.54 | 979.11 | 26.85 | 28.22 |
| Prudent Corporate Advisory Services Limited | 47.25 | 47.25 | 161.25 | 58.92 | 29.30 |
Company NameBillionbrains Garage Ventures Ltd.
EPS (Basic)3.34
EPS (Diluted)3.19
NAV (per share) (Rs)8.89
P/E (x)
RoNW (%)37.57
Company NameAngel One Limited
EPS (Basic)130.05
EPS (Diluted)126.82
NAV (per share) (Rs)623.72
P/E (x)19.80
RoNW (%)20.85
Company NameMotilal Oswal Financial Services Limited
EPS (Basic)41.83
EPS (Diluted)41.00
NAV (per share) (Rs)185.24
P/E (x)24.88
RoNW (%)22.64
Company Name360 One Wam Limited
EPS (Basic)27.14
EPS (Diluted)26.08
NAV (per share) (Rs)188.89
P/E (x)45.20
RoNW (%)14.37
Company NameNuvama Wealth Management Limited
EPS (Basic)276.66
EPS (Diluted)268.54
NAV (per share) (Rs)979.11
P/E (x)26.85
RoNW (%)28.22
Company NamePrudent Corporate Advisory Services Limited
EPS (Basic)47.25
EPS (Diluted)47.25
NAV (per share) (Rs)161.25
P/E (x)58.92
RoNW (%)29.30
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 49,74,22,538 (75.00%) | NA |
| − Anchor Investor Shares Offered | 29,84,53,523 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 19,89,69,015 (30.00%) | NA |
| NII (HNI) Shares Offered | 9,94,84,508 (15.00%) | NA |
| − bNII > ₹10L | 6,63,23,005 (10.00%) | 31,582 |
| − sNII < ₹10L | 3,31,61,503 (5.00%) | 15,791 |
| Retail Shares Offered | 6,63,23,005 (10.00%) | 4,42,153 |
| Total Shares Offered | 66,32,30,051 (100.00%) |
Investor CategoryQIB Shares Offered
Shares Offered49,74,22,538 (75.00%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered29,84,53,523 (45.00%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered19,89,69,015 (30.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered9,94,84,508 (15.00%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered6,63,23,005 (10.00%)
Maximum Allottees31,582
Investor Category− sNII < ₹10L
Shares Offered3,31,61,503 (5.00%)
Maximum Allottees15,791
Investor CategoryRetail Shares Offered
Shares Offered6,63,23,005 (10.00%)
Maximum Allottees4,42,153
Investor CategoryTotal Shares Offered
Shares Offered66,32,30,051 (100.00%)
Maximum Allottees
Information about company
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 Margin Trading Facility (MTF), algorithmic trading, New Fund Offers (NFOs), and credit solutions.
Business Model
Growing its customer base and
Expanding its relationship with customers
Products & Services:
Broking services which includes Stocks and Derivatives
Products which includes Mutual Funds, MTF, Credit and Groww AMC
As of June 30, 2025, the company had 1415 employees.
Competitive Strengths:
“Groww” is a well-known and preferred brand for investing across cities, towns and villages in India.
High customer retention, engagement and price in-elasticity.
Customer-friendly design for enhancing investing experience.
In-house technology stack to deliver a differentiated experience at low cost.
Entrepreneurial and ownership-driven culture
Strong execution delivering growth and profitability
Objectives of IPO
The Company Groww IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Expenditure towards cloud infrastructure
152.50
2
Brand building and performance marketing activities
225.00
3
Investment in one of our Material Subsidiaries, GCS, an NBFC, for augmenting its capital base
205.00
4
Investment in one of our Material Subsidiaries, GIT, for funding its MTF business
167.50
5
Funding inorganic growth through unidentified acquisitions and general corporate purposes
265.98
Disclaimer
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