High kiwi prices in India: Gurugram dietician says buy amla, jamun, guava and other affordable, seasonal fruits insteadIs the kiwi craze burning a hole in your pocket? With prices hitting almost ₹60 for a single kiwi, it’s time to look at what’s growing in our own backyard
Cockroach Janta Party Founder’s parents ‘not keen’ on him joining politics: ‘Worried because he is famous now’Abhijeet’s mother, Anita Dipke, said she wants her son to stay away from politics and focus on building a career, adding that she would not support him in this
Deep-sea mining companies face a blizzard of litigation if they forge ahead with "unlawful" plans backed by U.S. President Donald Trump to dig critical minerals from the ocean floor, the head of the International Seabed Authority (ISA) told AFP on Friday (May 22, 2026)
5 uncomplicated ChatGPT prompts to make you look like a Cannes red carpet celebrityHere are the 5 ChatGPT prompts helping users imagine themselves at the Cannes Film Festival. Published on: May 22, 2026 4:00 PM IST By Mahipal Singh Chouhan Share via Copy link The red carpet at the 79th Cannes Film
U.S. Senate Republicans abandoned plans on Thursday (May 21, 2026) to advance major immigration enforcement legislation after furious internal disagreement over a proposed $1.8 billion compensation fund for U.S. President Donald Trump's allies who claim they were unfairly targeted by federal
A dream in full swing: Kunal Pradhan writes on career slams, golf and Rory McIlroyHe waited 17 years for his first Masters title. Then won twice, back-to-back, joining a club of just six golfers in the modern history of the game. A look at an incredible journey, and those that came before
U.S President Donald Trump said he had postponed the signing of an executive order on artificial intelligence with top CEOs at the White House on Thursday because he didn't like parts of the text. "Because I didn't like certain aspects of it I postponed it
How Bengal police erred, CBI fixed wrong arrest of BJP 'devotee' in CM Suvendu aide murder caseRaj Singh, 28, was arrested on May 10 by the West Bengal Police Special Investigation Team (SIT) formed to probe murder of CM Suvendu's aide. Published on: May 22
Groww IPO Last Day: GMP Falls, Issue Receives 2.72x Subscription So Far; Should You Apply?
Groww IPO Last Day: GMP Falls, Issue Receives 2.72x Subscription So Far; Should You Apply?
Groww IPO GMP Today, Groww IPO News: Billionbrains Garage Ventures, the parent company of stock broking firm Groww, is witnessing its last day of bidding today, November 7, 2025. The price band of the Rs 6,632-crore IPO was fixed in the range of Rs 95-Rs 100 apiece. Till 11:45 am on the final day of bidding on Friday, the IPO received a 2.72x subscription, garnering bids for 99,37,52,250 shares as against the 36,47,76,528 shares on offer.
Its retail category received a 6.72x subscription, while the NII (non-institutional investor) quota received a 4.89x subscription. The QIB category received a 0.31x subscription.
Groww IPO GMP Today
According to market observers, unlisted shares of Billionbrains Garage Ventures Ltd are currently trading at Rs 110 apiece in the grey market, which is a 10.00% premium (or GMP) at Rs 10 over the upper IPO price of Rs 100, indicating mild listing gains for investors.
The GMP was nearly 13% on Thursday and 14% on the first day of bidding on Tuesday.
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: Should You Apply?
According to Arihant Capital, India's retail investor base is projected to nearly double from the current 6.6-7.2 crore to about 12–13 crore in the coming years, positioning Groww favourably to benefit from this expansion. With a digital reach spanning 98.36% of Indian pin codes and a leadership position among active NSE users, the firm said Groww is well placed to capitalise on the country's growing investor participation.
The brokerage highlighted that Groww's strong technology platform and asset-light business model are expected to support profitability. Its revenue has grown at a compound annual growth rate (CAGR) of 85% between FY23 and FY25, while profit margins have widened to 45%.
“At the upper price band of Rs 100, the issue is valued at a P/E of 33.8x, based on an EPS of Rs 2.96. We recommend a ‘Subscribe for listing gains' rating," Arihant Capital noted.
Anand Rathi, meanwhile, said Groww's focus on trust, transparency, and financial inclusion remains central to its growth strategy. The brokerage added that the company plans to expand organically through customer referrals and operating leverage, while also diversifying its product offerings — including margin trading facility (MTF), commodity derivatives, API-based trading, wealth management, and bonds — to boost customer engagement and wallet share.
“Considering these factors, the IPO appears fully priced and is rated ‘Subscribe – Long Term'," Anand Rathi said.
Groww IPO: Opening, Closing, Allotment, Listing Dates
The IPO was opened on November 4 and will be closed on November 7. Its allotment will be finalised on November 10, while the stock listing is scheduled to take place on November 12 on both BSE and NSE.
Groww IPO: More Details
Billionbrains Garage Ventures on Monday garnered a little over Rs 2,984 crore from anchor investors.
The company's Rs 6,632 crore IPO would conclude on November 7.
The firm has fixed a price band of Rs 95-100 per share for its IPO, targeting a valuation of over Rs 61,700 crore (about USD 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.
Swipe Left For Next Video
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.
Groww will make its stock market debut on November 12.
Source: News18
Related Posts: Groww Parent Billionbrains PAT Jumps 14% YoY To Rs 2 Groww IPO GMP Recovers Slightly Ahead Of Listing Groww IPO GMP Falls 75% Ahead Of Allotment Meesho IPO vs Vidya Wires IPO vs Aequs IPO — what GMP signals about these IPOs Bangladeshi Hindu Garage Worker Burnt Alive While Sleeping Hindu Garage Worker Burnt Alive While Sleeping In Bangladesh UK Garage Gifts New Bike To Indian Content Creator After His Was Stolen Mid-World Trip From Steve Jobs’ garage to world’s most powerful tech gadgets IPO GMP, Allotment Status Today Live Updates IPO GMP Today
The Supreme Court on Friday recalled its order barring three academics from all government projects for drafting a chapter about “corruption in the judiciary” in a now-withdrawn textbook, Live Law reported. A bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul Pancholi
4 hours ago
‘Use electricity wisely’: Govt tells citizens as peak daytime power demand breaks record amid heatwave“Due to the intense heat wave in the country, the demand for electricity is also increasing,” the ministry said. Published on: May 22, 2026 4:47 PM IST Edited by Priyanjali Narayan Share
4 hours ago
Cuba Has Few Defenses If the U.S. Military Moves Against ItThe communist island once had a vaunted military, but it’s now “a shell of a shell of what it used to be.” Published on: May 22, 2026 4:27 PM IST WSJ Share via Copy link Cuba’s armed forces once fielded tens of thousands of
4 hours ago
The Life Insurance Corporation of India (LIC) on Friday has announced the introduction of two new insurance products viz LIC’s New Jeevan Sathi – Single Premium and LIC’s New Jeevan Sathi – Limited Premium as part of efforts to strengthen its savings portfolio
4 hours ago
Gul Panag slams Dhruv Rathee’s ‘humiliate PM Modi abroad’ remark: ‘It diminishes the institution’Gul Panag reacted to Dhruv Rathee’s post on PM Modi and said disagreement should not insult institutions. Published on: May 22, 2026 3:06 PM IST By Mahipal Singh Chouhan Share via Copy link
4 hours ago
The income tax department has tightened its data-matching systems in recent years. With the growing use of AI-based risk assessment and system-driven verification, taxpayers are now expected to ensure that the details disclosed in their income tax return (ITR) match the information already
5 hours ago
Inside fashion’s luxury home gym era: $15,000 Swarovski dumbbells, designer Pilates reformers and moreLuxury houses are moving beyond fashion, designing sculptural fitness equipment that turns the home into a stylish wellness sanctuary Published on: May 22
7 hours ago
Stephen Colbert signed off the final episode of The Late Show with special guest Sir Paul McCartney, bringing the programme's historic 33-year run to an end. On Thursday night's show, Sir Paul and Colbert reminisced about past appearances at New York's Ed Sullivan Theater by The Beatles
7 hours ago
Anti-low appraisal, ‘chaatu’ colleague, 'Baddie' party: How Cockroach Janta Party has opened a can of wormsNo one knew a statement by CJI using the word ‘cockroach’ while talking about the youth would lead to a social media wave that would surpass BJP's popularity. Published on: May 22
7 hours ago
The holy month of Shravan, also known as Sawan, will begin on July 30, 2026, and conclude on August 28, 2026. This year, the auspicious month will last for 28 days. According to Hindu scriptures, worshipping Lord Shiv during Sawan is believed to offer spiritual benefits equal to worshipping him
7 hours ago
Super El Nino: Scientists warn about potential of upcoming eventA potentially "super" El Nino is rapidly taking shape in the Pacific, however, it's true impact cannot be anticipated yet. Published on: May 22, 2026 1:25 PM IST AFP Share via Copy link Forecasters say a potentially "super" El Nino is
7 hours ago
2 held from Goa for 'running cyber fraud-cash conversion racket', ₹40 lakh trail uncovered2 held from Goa for 'running cyber fraud-cash conversion racket', ₹40 lakh trail uncovered Published on: May 22, 2026 2:18 PM IST PTI Share via Copy link New Delhi, With the arrest of two men from Goa
7 hours ago
Actress Mouni Roy turned her flight into a mini celebration as she surprised her best friend Trishala Goculdas with a special mid-air birthday celebration. She shared glimpses from the flight on her social media account, and gave fans a sneak peek into the heartfelt moment complete with cake
7 hours ago
The Delhi High Court on Friday granted interim bail for three days to activist Umar Khalid in the 2020 Delhi riots conspiracy case, Live Law reported. A division bench of Justices Prathiba Singh and Madhu Jain ordered Khalid to be released from June 1 to June 3
7 hours ago
The West Bengal Police on Thursday said that a first information report has been filed against actors Parambrata Chattopadhyay and Swastika Mukherjee for making allegedly provocative remarks on social media during violence after the 2021 Assembly elections in the state, PTI reported
7 hours ago
Amazon is facing online criticism after a job listing for an operations manager role in Hyderabad stated that employees may need to “stand/walk for up to 12 hours during shifts." The requirement has triggered fresh discussions around workplace pressure
7 hours ago
Try these 5 home remedies that may actually help ease seasonal congestionEvery seasonal congestion doesn’t have to be treated with medicines. Here are some home remedies that could actually help clear things up. Published on: May 22, 2026 2:27 PM IST By Anukriti Srivastava Share via Copy link
7 hours ago
Phil Foden, Cole Palmer and Trent Alexander-Arnold are set to miss out when Thomas Tuchel names his 26-man England squad on Friday for this summer's World Cup. Manchester United defender Harry Maguire will also be left out, with the 33-year-old saying he is "shocked and gutted" at the decision
7 hours ago
U.S. Secretary of State Marco Rubio is on his latest mission to assuage nervous U.S. allies in Europe about the Trump administration's intentions with North Atlantic Treaty Organization (NATO) or at least put a friendlier face on whipsawing changes and uncertainty about American troop reductions.U
7 hours ago
72-year-old grandmother of 5 proves there is no age limit to bodybuilding, shows super toned physique at Taiwan eventMeet Lin Sui-tzu. For this Taiwanese grandma of five, who trains six days a week, the goal isn't just to live longer — it's to live stronger. Published on: May 22
7 hours ago
, the parent company of Naukri.com, said that its jumped 23% year-on-year (YoY) to Rs 566 crore for the March quarter, compared with Rs 463 crore in the year-ago period. The profit after tax (PAT) is attributable to the company’s equity holders
7 hours ago
Mercedes GLE and GLS Night Editions: Both Night Edition SUVs get Mercedes’ 9G-Tronic automatic gearbox and AIRMATIC suspension setup. Mercedes GLE and GLS Night Editions: Mercedes-Benz India has introduced the special Night Edition versions of the Mercedes-Benz GLE and Mercedes-Benz GLS
7 hours ago
As expectations rise across higher education, institutions are increasingly being judged by measurable progress rather than reputation alone. This article explores how assessment, benchmarking, and evidence-based improvement are becoming essential to building credibility, trust
7 hours ago
Bengaluru woman touched after tempo driver gifts entire bouquet instead of one flower: ‘He made my entire week’A Bengaluru woman shared how a tempo driver gave her an entire bouquet instead of just one flower. Published on: May 22, 2026 2:03 PM IST By Mahipal Singh Chouhan Share via Copy link A
7 hours ago
Kuki-Zo body seeks handover of all Manipur hostages, dead or aliveA hostage crisis and escalating Naga-Kuki tensions are the latest in a series of crises in Manipur, where ethnic violence has continued since 2023 Published on: May 22, 2026 2:29 PM IST By Thomas Ngangom Share via Copy link An apex
7 hours ago
This summer, cocktails are leaning into bold citrus notes, nostalgic Indian flavours, and refreshing highball-style serves that feel light, vibrant, and easy to sip through long afternoons and warm evenings. From yuzu-forward agave drinks and kokum-spiked tequila coolers to smoky whisky creations
7 hours ago
Next week's India-Africa Forum Summit has been cancelled due to the Ebola crisis in the Democratic Republic of Congo and Uganda. The fourth edition of the summit, which fosters diplomatic interactions between India and countries of the African continent
7 hours ago
