Groww IPO GMP Recovers Slightly Ahead Of Listing: Here's What Can Be Expected Today

Groww IPO GMP Recovers Slightly Ahead Of Listing: Here's What Can Be Expected Today

Groww IPO Listing Date: Billionbrains Garage Ventures Ltd, the parent company of stock broking firm Groww, is set to make its market debut today, November 12, at 10 am on both the NSE and the BSE. Ahead of the listing, its grey market premium (GMP) has risen slightly to Rs 5, compared with Rs 4 yesterday. It still shows a weak listing today.

The GMP has shown a falling trend, as it fell to Rs 4 on Tuesday as compared with Rs 4.75 on Monday and Rs 16.7 a few days.

The allotment of the Groww IPO was finalised on November 10. Investors can check the allotment status on the websites of the BSE, the NSE, and registrar MUFG Intime India Pvt Ltd.

The initial public offering (IPO) of Billionbrains Garage Ventures Ltd, the parent company of stock broking firm Groww, closed on Friday, November 7, with a decent 17.60x subscription. The IPO garnered bids for 6,41,86,76,400 shares as against the 36,47,76,528 shares on offer. Its retail category has received a 9.43x subscription, while the NII (non-institutional investor) quota has received a 14.20x subscription. The QIB category received a 22.02x subscription.

Groww IPO Allotment Finalised: Here's A Step-By-Step Guide To Check Status Online

Via MUFG Intime India

1. Visit https://in.mpms.mufg.com/Initial_Offer/public-issues.html

2. Select ‘Billionbrains Garage Ventures Ltd' from the drop-down menu under ‘Please select company'.

3. Enter your application number, the Permanent Account Number (PAN), Client ID, or account-IFSC number. Those who want to check their allotment status via PAN can select the ‘PAN' option.

4. Then, click on the ‘Submit' button.

Your share application status will appear on your screen.

On BSE's Website

You can also visit on the BSE's portal using this direct link — https://www.bseindia.com/investors/appli_check.aspx and check the Groww IPO allotment status.

On NSE's Website

The allotment status can also be checked on the NSE's website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.

Groww IPO Listing Date

The company's shares are proposed to be listed on both the NSE and the BSE on November 12, 2025.

Groww IPO GMP Today

According to market observers, unlisted shares of Billionbrains Garage Ventures Ltd are currently trading at Rs 105 apiece in the grey market, which is a premium (or GMP) of Rs 5 or 5% over the upper IPO price of Rs 100, indicating weak listing. It signals a listing price prediction of Rs 105 per share against the issue price of Rs 100.

The GMP was at 16.5% (Rs 16.5) a few days ago.

The GMP is based on market sentiments and keeps changing. ‘Grey market premium' indicates investors' readiness to pay more than the issue price.

Groww IPO: More Details

Billionbrains Garage Ventures last week garnered a little over Rs 2,984 crore from anchor investors, ahead of the IPO.

The company's Rs 6,632 crore IPO concluded on November 7.

The firm fixed a price band of Rs 95-100 per share for its IPO, targeting a valuation of over Rs 61,700 crore (about $7 billion).

The IPO comprises a fresh issue of equity shares worth Rs 1,060 crore along with an Offer-for-Sale (OFS) component of 55.72 crore equity shares.

The company, which is backed by marquee investors such as Peak XV, Tiger Capital, and Microsoft CEO Satya Nadella, plans to use proceeds from the IPO to invest in technology development and business expansion.

Of the fresh issuance, Rs 225 crore will be used for brand building and performance marketing activities, and Rs 205 crore will be invested in Groww Creditserv Technology Pvt Ltd (GCS), the NBFC arm, to augment its capital base.

Additionally, Rs 167.5 crore will be infused into Groww Invest Tech Pvt Ltd (GIT) to fund its margin trading facility business, while Rs 152.5 crore has been earmarked to strengthen cloud infrastructure.

The balance will be utilised for funding inorganic growth through acquisitions and for general corporate purposes.

Headquartered in Bengaluru, Groww filed draft papers in May with the markets regulator, Sebi, for an IPO through a confidential pre-filing route and received Sebi's approval in August.

Groww opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the DRHP until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO plans.

Founded in 2016, Groww emerged as India's largest stockbroker, with over 12.6 million active clients and a market share of over 26 per cent as of June 2025.

Source: News18
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