Groww IPO Day 1: Subscription Opens, Price Band ₹95–100, GMP Moves Lower

Issue Structure, Price Band & Lot Size

Here are the key details investors should know about the Groww IPO:

• Price band: ₹95 to ₹100 per share
• Total issue size: ₹6,632.30 crore
• Fresh issue: ₹1,060 crore
• Offer for sale (OFS): ₹5,572.30 crore
• Promoters selling up to 1 million shares each: Harsh Jain, Lalit Keshre, Ishan Bansal, and Neeraj Singh
• Selling shareholders: Peak XV Partners, Ribbit Capital, YC Holdings II, Kedaara Capital, and others
• Lot size: 150 shares per bid (and multiples thereafter)

The offer structure reserves 75% of the net offer for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors.

Day 1 Subscription & Market Sentiment

The IPO opened to steady demand from investors on Day 1. As of mid-morning, subscription levels were as follows:

• Overall subscription: 6%
• Retail Investors: 25%
• Non-Institutional Investors: 6%
• QIBs: Yet to make significant bids

The Grey Market Premium (GMP) has softened slightly, with unlisted shares trading at ₹14–15 above the upper price band. This indicates moderate optimism amid cautious market sentiment.

Anchor Investors & Use of Proceeds

Before the IPO launch, Groww raised ₹2,984.5 crore from marquee anchor investors including Abu Dhabi Investment Authority, Government of Singapore, Goldman Sachs, Morgan Stanley, HDFC Mutual Fund, SBI Mutual Fund, and others. The proceeds from the fresh issue will be used to enhance cloud infrastructure, strengthen brand marketing, fund acquisitions, and support general corporate purposes. Groww aims to further scale its technology-driven platform, enabling seamless investment across equities, mutual funds, and bonds.

Outlook & Listing Details

Important dates for investors:

• IPO closes: November 7, 2025
• Basis of allotment: November 10, 2025
• Listing date: November 12, 2025 (NSE & BSE)

Groww’s listing comes at a time of strong retail participation in capital markets, fuelled by the rise of fintech platforms. Despite a marginal dip in the grey market premium, the company’s profitability, strong customer base, and brand credibility position it as one of the most closely watched IPOs of 2025.

Apply to the Groww IPO here

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Disclaimer: The Grey Market Premium (GMP) is an unofficial indicator of investor sentiment and is not regulated by SEBI. It should not be considered the sole basis for investment decisions.