Groww IPO Allotment Status to be Finalised Today: How to Check on NSE, BSE and Registrar Website

Groww IPO is set to finalise its IPO share allotment on Monday, November 10, after receiving a robust investor response during its subscription period. Groww IPO, which opened for bidding on November 4, witnessed a strong demand and was subscribed 17.6 times by the close of bidding on Friday, November 7, according to NSE data.

The company will begin initiating refunds and crediting shares to Demat accounts on November 11. The Groww IPO listing is tentatively scheduled for November 12, with Billionbrains Garage Ventures Ltd. shares set to debut on both the BSE and NSE.

Groww IPO Subscribed 22 Times

In total, the Groww IPO garnered bids for 642 crore shares against the 36.47 crore shares on offer. The Qualified Institutional Buyers (QIBs) portion was subscribed 22 times, while Non-Institutional Investors (NIIs) subscribed 14.2 times. The retail investor category was booked 9.43 times.

The ₹6,632.3 crore IPO comprised both a fresh issue and an offer for sale (OFS). The fresh issue included 10.6 crore shares worth ₹1,060 crore, while the OFS portion consisted of 55.72 crore shares, aggregating ₹5,572.3 crore. The price band for the issue was set between ₹95 and ₹100 per share, with a lot size of 150 shares per application.

The Bengaluru-based company plans to allocate ₹152.5 crore from the proceeds towards cloud infrastructure, ₹225 crore for brand-building initiatives, and ₹205 crore for expanding its capital base. A portion of the funds will also go toward general corporate purposes.

Also Read: Upcoming IPOs: PhysicsWallah, Emmvee, and Tenneco Opening This Week (Nov 10–14)

How to Check Groww IPO Allotment Status?

Investors can check the Groww IPO allotment status online through the BSE, NSE, or the official registrar’s website MUFG Intime India Pvt. Ltd.

On the BSE Website

1. Visit: BSE IPO Allotment Page
2. Select ‘Equity’ under the issue type.
3. Choose ‘Billionbrains Garage Ventures Ltd.’ from the dropdown list.
4. Enter your application number or PAN.
5. Click ‘Search’ to view allotment details.

On MUFG Intime India Website

1. Visit: MUFG IPO Allotment Page
2. Select ‘Billionbrains Garage Ventures Ltd.’ from the company list.
3. Choose any one option PAN, Application Number, DP/Client ID, or Account Number/IFSC.
4. Enter the required details and click ‘Submit’ to check your status.

Investors can also verify the allotment on the NSE platform using their PAN and application number.

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.