IPO Overview
The initial public offering (IPO) of Billionbrains Garage Ventures Ltd, known as Groww, was launched on November 4, 2025, and remained open until November 7,
2025. The company set the Groww IPO price band between ₹95 to ₹100 per equity share. The IPO aimed to generate a total of ₹6,632.30 crore. A portion of this, ₹1,060 crore, was intended to be raised through the issuance of new shares, with the remaining ₹5,572.30 crore allocated for the Offer for Sale (OFS) route. These details are important as they give insight into the financial goals and the structure of the IPO.
GMP and Market Sentiment
Market observers noted that shares of the Bengaluru-based fintech company were available at a premium of ₹15 in the grey market on the day. This grey market premium (GMP) offers a glimpse into the market's initial expectations for the IPO. It is indicative of how the shares might perform when they officially list. However, it's essential to remember that the GMP is not a guaranteed predictor of future stock prices. It reflects the sentiment among investors before the IPO's listing.
Subscription Status Analysis
By the end of the second day of bidding, the public issue had been subscribed 1.64 times. This subscription status reflects the investor demand for the IPO. The subscription rate shows the number of times the shares offered in the IPO were bid for by investors. It is an important indicator of the IPO's popularity and potential performance, as it gives an early indication of investor interest.
Key Dates and Timeline
The Groww IPO was available for subscription from November 4 to November 7, 2025. This limited window meant that investors needed to act swiftly to apply for the IPO. The timeline is important for investors to be aware of the IPO's start and end dates. Adhering to the dates helped investors make sure they do not miss out on the opportunity to invest in the IPO.
