Groww IPO is a book-built issue IPO, aiming to raise ₹6,632.30 crore. It comprises a fresh issue of 10.60 crore equity shares aggregating to ₹1,060.00 crore and an offer for sale of 55.72 crore equity shares amounting to ₹5,572.30 crore. The bidding window was open from November 4, 2025, to November 7, 2025, with the IPO allotment to be finalised on November 10, 2025. Groww is scheduled to list on BSE and NSE on November 12, 2025.
The IPO was priced at ₹95–₹100 per share with a lot size of 150 shares. The public issue received bids for 6,41,86,76,400 shares against 36,47,76,528 shares available, resulting in an overall subscription of 17.60 times. QIBs led the response, subscribing 22.02 times their quota, followed by NIIs at 14.20 times and retail investors at 9.43 times.
Groww’s ₹6,632.30 crore IPO, priced at ₹95–₹100 per share, was subscribed 17.60 times overall. The IPO is a fresh issue of 10.60 crore equity shares aggregating to ₹1,060.00 crore and an offer for sale of 55.72 crore equity shares amounting to ₹5,572.30 crore.
Bidding took place from November 4 to November 7, 2025, with the Groww IPO allotment status on November 10, 2025. Retail investors subscribed 9.43 times, while NIIs subscribed 14.20 times, and the listing is expected on November 12, 2025.
The table below breaks down the Groww share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 49,74,22,538 (75.00%) |
| − Anchor Investor Shares Offered | 29,84,53,523 (45.00%) |
| − QIB (Ex. Anchor) Shares Offered | 19,89,69,015 (30.00%) |
| NII (HNI) Shares Offered | 9,94,84,508 (15.00%) |
| − bNII > ₹10L | 6,63,23,005 (10.00%) |
| − sNII < ₹10L | 3,31,61,503 (5.00%) |
| Retail Shares Offered | 6,63,23,005 (10.00%) |
| Total Shares Offered | 66,32,30,051 (100.00%) |
| Total Shares Offered | 57,60,000 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers (QIB) | 22.02 |
| Non-Institutional Investors (NII) | 14.2 |
| Retail Individual Investors (RII) | 9.43 |
| Total | 17.6 |
Note: The subscription details are as of November 7, 2025
Billionbrains Garage Ventures Ltd., operating under the brand name Groww, was incorporated in 2017 as a Bengaluru-based fintech company. It provides a digital investment platform that enables retail investors to invest directly in mutual funds, stocks, exchange-traded funds (ETFs), futures and options, IPOs, digital gold, and U.S. equities.
Groww also offers value-added services such as Margin Trading Facility (MTF), algorithmic trading, and credit products. As of June 30, 2025, the company employed 1,415 people across its operations.
The company’s business model focuses on expanding its user base and deepening engagement through customer-centric product offerings and technology-driven services. Its key revenue streams include brokerage, mutual fund distribution, credit products, and asset management through Groww AMC.
Groww has built a strong reputation as a trusted investment platform, recognised for its simple user interface and seamless investing experience. With a well-integrated technology stack and high customer retention rates, Groww continues to strengthen its leadership position in India’s fast-growing digital investment ecosystem.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Nov 7, 2025, 7:46 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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