Groww IPO Day 3: Check Subscription Status & Key Highlights
The ?6,632.30 crore initial public offering (IPO) of Groww enters its final day of public subscription today, 7 November, 2025. Till the end of day 2, the IPO was fully subscribed at 1.64 times with the highest participation from retail and non-institutional investors.?
Groww IPO: Issue Details
- Issue Size: The 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.?
- Price Band: The price band is set between ?95 and ?100 per share.
- Book-running lead manager: Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, and Motilal Oswal Investment Advisors Limited
- Registrar: MUFG Intime India Private Limited
- Listing: The shares are proposed to be listed on NSE and BSE on November 12.?
Groww IPO Day 3: Overall Subscription Status
[7-November-2025 17:03:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
22.02 |
|
Non-Institutional Investors |
14.20 |
|
Retail Individual Investors (RIIs) |
9.43 |
|
Total |
17.60 |
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be distributed towards?
- 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-consumer) digital investment platform, designed to simplify investing. It allows users to invest in mutual funds, stocks, exchange-traded funds (ETFs), IPOs, bonds, and other financial instruments through a simple, uncluttered UI.
?It 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 Groww IPO disclaimer, please click here