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.
To read the RA disclaimer, please click here
To read the Groww IPO disclaimer, please click here