IPO GMP Today, Listing Price Live Updates: Groww IPO Gets 1.64x Subscription On Day 2, GMP Falls

IPO GMP Today, Listing Price Live Updates: Groww IPO Gets 1.64x Subscription On Day 2, GMP Falls

IPO GMP Today, Allotment Status And Listing Price Live Updates: Billionbrains Garage Ventures, the parent company of stock broking firm Groww, witnessed its second day of bidding today, November 6. The issue was fully subscribed on Day 2. However, its grey market premium (GMP) has fallen to 13% on Thursday, compared with nearly 15% on Wednesday.

Meanwhile, Orkla India, which owns spices and condiments brands MTR and Eastern, on Thursday made a muted market debut with its shares being listed at a premium of nearly 2.75 per cent at Rs 750 apiece, compared with the IPO issue price of Rs 730 apiece. Later, the shares declined into the red to trade to finally close 2.24% lower at Rs 713.65 apiece on the NSE.

Also, investors await the Lenskart IPO allotment, which is going to be finalised today. The IPO was opened on October 31 and closed on November 4. It received a strong demand with a 28.27x subscription in the three-day window, garnering bids for 2,81,93,62,630 shares as against the 9,97,42,748 shares on offer. Shares of Lenskart Solutions are expected to be listed on the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) on Monday, November 10.

The investors can check the IPO allotment on the websites of the BSE, the NSE as well as registrar Link Intime.

Fintech firm Pine Labs' IPO will also be opened tomorrow, November 7. The offer will be closed on November 11.

Subscription:

Retail: 4.94x

Non-Institutional Investors: 2.20x

Qualified institutional Buyers: 0.20x

Total: 1.61x

Its grey market premium (GMP) currently stands at 11.5%.

Canara Bank Securities has given a ‘Subscribe' rating to the Groww IPO, citing the company's strong fundamentals and scalable business model. The brokerage noted that Groww, one of India's leading retail investment platforms, has successfully combined a tech-driven approach, user-friendly design, and customer trust to deliver sustainable growth.

While the company reported one-time losses in FY24, Canara Bank Securities said Groww's diversified product suite, low customer acquisition cost (CAC), and rising average revenue per user (ARPU) underline its robust financial performance and operational efficiency.

At the upper price band of ₹100 per share, the brokerage highlighted that Groww's valuations — P/E of 29.94x and P/B of 11.25x — are attractive given its growth potential.

“We recommend a ‘Subscribe' rating for both listing gains and long-term wealth creation,” the brokerage said in its note.

Subscription:

Retail: 4.63x

Non-Institutional Investors: 1.87x

Qualified institutional Buyers: 0.20x

Total: 1.46x

GMP Today

Its grey market premium (GMP) has fallen to 11% on Thursday, compared with nearly 15% on Wednesday

Lenskart Solutions IPO was opened on October 31 and closed today, November 4. Its allotment will be finalised on November 6, while the stock listing is scheduled to take place on November 10 on both BSE and NSE.

According to market observers, unlisted shares of Lenskart Solutions Ltd are currently trading at Rs 429 apiece in the grey market, which is a 06.45% premium or GMP of Rs 27 over the upper IPO price of Rs 402, indicating weak listing gains for investors.

The GMP of Lenskart Solutions has been on the see-saw in the past few days, especially during the opening windows.

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

The allotment of Studds Accessories Limited IPO has been finalised today, November 05. Those investors who have applied for the issue can check their allotment status through BSE website, NSE website, as well as on the portal of registrar MUFG Intime India Pvt Ltd.

The company's shares are proposed to be listed on both the NSE and the BSE on November 7, 2025.

GMP indicates a premium of 10.59 per cent at Rs 62.

India's largest lender, State Bank of India (SBI), has approved the sale of 3.20 crore equity shares, representing 6.3% of its total stake in its mutual fund subsidiary, SBI Funds Management Ltd (SBIFML), through an initial public offering (IPO).

Its joint venture partner, Amundi India Holding, will divest 1.88 crore shares, accounting for 3.7% of SBIFML's equity capital.

Together, the two promoters will offload a 10% stake, or 5.09 crore shares, as part of the proposed public issue.

In an exchange filing, SBI said both promoters have jointly initiated the IPO process, which is expected to be completed in 2026.

At present, SBI holds 61.91%, while Amundi India Holding owns 36.36% in SBI Funds Management.

The allotment of eyewear retailer Lenskart Solutions' initial public offering (IPO) is likely to be concluded today, November 06, 2025. The issue received a strong demand with a 28.27x subscription in the three-day window, garnering bids for 2,81,93,62,630 shares as against the 9,97,42,748 shares on offer.

Option 1: Via Registrar's Website (Link Intime India)

Visit the Link Intime India IPO allotment page:https://www.linkintime.co.in/IPO/public-issues.html
Select “Lenskart Solutions Limited – IPO” from the drop-down list.
Choose one of the three identification options:
PAN (Permanent Account Number)
Application Number
DP/Client ID (for demat account holders)
Enter the chosen details correctly.
Fill in the captcha code as shown on the screen.
Click on “Submit” or “Search.”
The screen will display your allotment status — showing whether you've been allotted shares and the quantity.

Option 2: Via BSE Website

Visit the BSE IPO allotment page:https://www.bseindia.com/investors/appli_check.aspx
Under “Issue Type,” select “Equity.”
Under “Issue Name,” choose “Lenskart Solutions Limited.”
Enter your Application Number and PAN.
Complete the security captcha.
Click on “Search.”
Your allotment status will appear on the screen.

Option 3: Through Your Broker or Demat App

Log in to your broker app (like Zerodha, Groww, Upstox, or Angel One).
Go to the IPO section → “My Applications.”
You'll see the allotment status once it's updated by the registrar.

Subscription:

Retail: 4.34x

Non-Institutional Investors: 1.70x

Qualified institutional Buyers: 0.14x

Total: 1.33x

Its grey market premium (GMP) stands at 13%, indicating mild listing gain potential of the IPO.

Deven Choksey Research noted that the IPO includes a fresh issue of Rs 1,060 crore and an offer for sale (OFS) of Rs 5,572 crore, aggregating to Rs 6,632 crore. Proceeds from the fresh issue are earmarked for performance marketing (Rs 400 crore), technology and inorganic growth (Rs 300 crore), NBFC capital (Rs 200 crore), and working capital (Rs 160 crore).

The brokerage stated that the IPO is priced at a P/E ratio of 41x based on FY25 EPS and an EV/EBITDA of 25x TTM. While this valuation appears premium compared to listed peers, it is considered justified given the company's growth potential. With revenue growth of 50% in FY25 and PAT margins improving to 47%, the company is well-placed to benefit from the expanding wealth tech market. The brokerage assigned a “Subscribe” rating to the issue.

Groww has emerged as one of India's fastest-growing investment platforms, riding the wave of retail investor participation.

The company's active client market share jumped sharply from 15.1% in FY23 to 26.3% in FY25, reflecting strong user acquisition and platform adoption.

Its SIP market share also expanded significantly, rising from 4% in FY22 to 12% in FY25, highlighting increasing investor loyalty and consistent participation through systematic investing.

Groww's rapid scale-up demonstrates the growing confidence of India's new-age investors in digital-first wealth platforms.

FMCG firm Shreeji Global FMCG Ltd is also witnessing the Day 2 of its SME IPO. The company will be listed on the NSE's SME platform.

Retail: 0.75x

Non-Institutional Investors: 0.70x

Qualified institutional Buyers: 0.49x

Total: 0.70x

Its grey market premium or GMP is zero, indicating flat or negative listing.

Subscription:

Retail: 4.05x

Non-Institutional Investors: 1.51x

Qualified institutional Buyers: 0.10x

Total: 1.21x

GMP Today:

Its grey market premium (GMP) has fallen to 13% on Thursday, compared with nearly 15% on Wednesday.

1. Visit the Link Intime India IPO allotment page:https://www.linkintime.co.in/IPO/public-issues.html

2. Select “Lenskart Solutions Limited – IPO” from the drop-down list.

3. Choose one of the three identification options: PAN (Permanent Account Number), Application Number, or DP/Client ID (for demat account holders)

4. Enter the chosen details correctly.

5. Fill in the captcha code as shown on the screen.

6. Click on “Submit” or “Search”.

The screen will display your allotment status — showing whether you've been allotted shares and the quantity.

The IPO is expected to be finalised in the evening today.

Fintech firm Pine Labs is gearing up to launch its initial public offering (IPO) tomorrow, November 7, aiming to raise Rs 2,080 crore through fresh issue of shares. The company's maiden public offering would conclude on November 11. The bidding for anchor investors will open for a day on November 6, according to the red herring prospectus (RHP).

Apart from the fresh issue, there would be an Offer for Sale (OFS) of up to 8.23 crore equity shares.

Ahead of the IPO, its GMP has fallen to 7.7%, indicating weak listing.

Brokerage firms remain optimistic about Groww's market potential amid India's rapidly expanding investor base.

According to Arihant Capital, the country's retail investor base is expected to nearly double from 6.6–7.2 crore to 12–13 crore, positioning Groww to capitalise on this surge. With its digital footprint covering 98.36% of Indian pin codes and a leading position among active NSE users, Groww is seen as well placed to ride this growth wave.

The brokerage noted that Groww's asset-light model and strong tech platform are supporting profitability, with revenue growing at a CAGR of 85% (FY23–FY25) and margins expanding to 45%.

“At the upper band of ₹100, the issue is valued at a P/E of 33.8x (EPS ₹2.96). We recommend a ‘Subscribe for listing gains' rating,” said Arihant Capital.

Meanwhile, Anand Rathi highlighted Groww's focus on trust, transparency, and financial inclusion, noting that it plans to grow organically through customer referrals and operating leverage while diversifying into MTF, commodity derivatives, API trading, wealth management, and bonds.

“Considering these factors, the IPO appears fully priced and is rated ‘Subscribe – Long Term',” Anand Rathi added.

FMCG firm Shreeji Global FMCG Ltd is also witnessing the Day 2 of its SME IPO. The company will be listed on the NSE's SME platform.

Retail: 0.73x

Non-Institutional Investors: 0.63x

Qualified institutional Buyers: 0.49x

Total: 0.67x

Its grey market premium or GMP is zero, indicating flat or negative listing.

Subscription:

Retail: 3.98x

Non-Institutional Investors: 1.48x

Qualified institutional Buyers: 0.10x

Total: 1.18x

GMP Today

Its grey market premium (GMP) has fallen to 13% on Thursday, compared with nearly 15% on Wednesday.

Source: News18
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