Groww IPO Set for Stock Market Debut
The equity shares of Billionbrains Garage Ventures Ltd, the parent entity of the popular fintech platform Groww, are all set to make their highly anticipated debut on the stock exchanges this Wednesday. This move follows a successful initial public offering (IPO) that witnessed robust demand from investors across categories. The company has confirmed that the Groww IPO listing date is November 12, 2025, and the stock will be listed for trading on both the BSE and the NSE.
Key Details of the Groww Public Issue
The mainboard IPO, which had a price band of ₹95 to ₹100 per share, was open for subscription from November 4 to November 7, 2025. The entire public issue, worth a substantial ₹6,632.30 crore, was a combination of a fresh issue of 10.60 crore equity shares (raising ₹1,060 crore) and an offer-for-sale (OFS) of 55.72 crore shares (aggregating ₹5,572.30 crore). The allotment for the IPO was finalized on Monday, November 10.
Demonstrating strong market confidence, the Groww IPO was subscribed 17.60 times overall. The breakdown reveals enthusiastic participation: the Qualified Institutional Buyers (QIBs) segment was booked a massive 22.02 times, while the Non-Institutional Investors (NIIs) category saw 14.20 times subscription. The Retail Individual Investors (RIIs) portion was also well-received, being subscribed 9.43 times.
Grey Market Premium and Expected Listing Price
Ahead of the listing, market participants closely monitor the Grey Market Premium (GMP) to gauge the potential listing price. According to market experts, the Groww IPO GMP today has settled at ₹3 per share. This marks a significant drop from its earlier highs but still indicates a positive sentiment.
This current GMP signals that in the unofficial grey market, Groww shares are trading at a premium of ₹3 over the issue price. Consequently, the estimated listing price for Groww shares is projected to be around ₹103 per share. This would represent a premium of 3% over the upper end of the IPO price band of ₹100 per share.
Kotak Mahindra Capital acted as the book running lead manager for this issue, with MUFG Intime India serving as the official registrar for the Groww IPO. Investors are now keenly awaiting the market opening on November 12 to witness the official trading debut of one of India's prominent fintech players.
