Groww IPO Allotment: Finalisation Timeline, GMP, and Step-by-Step Guide to Check Status on NSE, BSE and Registrar

Mumbai | November 10

The Groww IPO allotment is set to be finalised today, with investors awaiting confirmation on share allocation in Billionbrains Garage Ventures Ltd, the parent company of investment platform Groww. The Groww IPO saw strong demand across investor categories and remains in focus ahead of its listing on the NSE and BSE.

The IPO, priced at ₹95–₹100 per share, was subscribed 17.60 times overall. The Qualified Institutional Buyers category was subscribed 22.02 times, Non-Institutional Investors 14.20 times, and Retail Investors 9.43 times, signalling broad participation. The Groww IPO has attracted attention due to the platform’s large active user base and expanding footprint in India’s retail investing ecosystem.

GMP Trends Ahead of Listing

The Groww IPO GMP (grey market premium) has moderated to around ₹4 today, indicating a likely listing price near ₹104 per share. The grey market trend has eased from earlier highs, signalling more measured near-term sentiment. The Groww IPO listing date is scheduled for Wednesday, November 12, at 10:00 AM on both NSE and BSE.

Offer Structure and Fund Utilisation

The ₹6,632.30 crore Groww IPO included a fresh issue of ₹1,060 crore and an offer for sale of ₹5,572.30 crore by existing shareholders. Selling shareholders included Peak XV Partners, Ribbit Capital, Tiger Global-linked funds and Sequoia Capital Global Growth Fund.

Groww intends to deploy fresh capital towards brand marketing, expanding the NBFC arm Groww Creditserv, margin trading facility growth through Groww Invest Tech, cloud and technology infrastructure enhancement and selective acquisitions.

Also Read: Lenskart IPO Makes Soft Market Debut as Shares List Below IPO Price

Step-by-Step Guide to Check Groww IPO Allotment Status

On Registrar (MUFG Intime India)
Step 1. Visit https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Step 2. Select “Billionbrains Garage Ventures Limited”
Step 3. Choose Application Number / PAN / DP-Client ID
Step 4. Select ASBA or Non-ASBA
Step 5. Enter details and confirm via captcha
Step 6. Submit to view allotment status

On BSE
Step 1. Visit https://bseindia.com/investors/appli_check.aspx
Step 2. Select Equity and choose “Billionbrains Garage Ventures Limited”
Step 3. Enter Application Number and PAN
Step 4. Submit to check status

On NSE
Step 1. Visit https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Step 2. Log in with PAN if prompted
Step 3. Select GROWW and submit to check allotment

Refunds for non-allottees will begin Tuesday, November 10, while allotted shares will be credited to demat accounts the same day.

What Happens Next

Attention now shifts to the Groww IPO listing. The market will watch how the Groww share price performs relative to the GMP trend and broader sentiment in financial services and fintech stocks. Investors will monitor indicators such as user growth, revenue momentum and margin improvement in upcoming quarters. The listing will provide the first test of how public market investors value Groww’s scale in India’s expanding digital investing landscape.

Stay updated on the latest IPO news, listing schedules, and upcoming offers by visiting our page.

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