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The much-anticipated Groww IPO, launched by parent company Billionbrains Garage Ventures Ltd, is expected to have its basis of allotment finalised on Monday, November 10, 2025. The outcome will be available on the websites of the registrar MUFG Intime India, as well as the NSE and BSE portals, by evening. The Rs 6,632.30 crore IPO received an overwhelming response, recording an overall subscription of 17.60 times during its bidding period. According to data from the stock exchanges, investors placed bids for 6,41,87,00,400 shares against the 36,47,76,528 shares available for subscription. In the investor categories, Qualified Institutional Buyers (QIBs) subscribed 22.02 times, Non-Institutional Investors (NIIs) 14.20 times, and Retail Investors 9.43 times. The public issue included fresh equity shares worth Rs 1,060 crore and an offer for sale (OFS) of Rs 5,572.30 crore by existing shareholders such as Peak XV Partners, Ribbit Capital V, Sequoia Capital Global Growth Fund III, and others. Utilisation Of Proceeds Groww intends to use a significant part of the proceeds from the fresh issue to strengthen its business and technology infrastructure. Around Rs 225 crore will go toward brand building and performance marketing. Rs 205 crore is earmarked for its NBFC subsidiary, Groww Creditserv Technology, to boost its capital base, and Rs 167.5 crore will be invested in Groww Invest Tech Pvt Ltd for margin trading activities. Additionally, Rs 152.5 crore is allocated to upgrade cloud infrastructure and the remainder will support acquisitions and general corporate purposes. Groww IPO GMP Groww IPO's last GMP is Rs 4, last updated Nov 10th 2025 09:40 am, according to the grey market tracking website, Investorgain. With the price band of 100.00, Groww IPO's estimated listing price is Rs 104 (cap price + today's GMP). The expected percentage gain/loss per share is 4.00 per cent. How To Check Allotment Status Investors can check their Groww IPO allotment status using multiple platforms: NSE Website Visit nseindia.com, Select ‘GROWW’ Enter PAN and the application number MUFG Intime Website Registrar MUFG Intime India Go to in.mpms.mufg.com Select ‘Billionbrains Garage Ventures Limited’ Submit the required details BSE Portal Website Visit bseindia.com Choose ‘Equity’, select ‘Billionbrains Garage Ventures Limited’ Enter PAN and application number. Listing And Grey Market Premium Shares of Groww parent Billionbrains Garage Ventures Ltd are set to list on both the NSE and BSE on Wednesday, November 12, at 10 am. (Disclaimer: This article is meant solely for informational and educational purposes. The views and opinions expressed are those of individual analysts or brokerage firms and do not reflect the stance of Times Now. Readers are advised to consult certified financial experts before making any investment decisions.) Get Latest News live on Times Now along with Breaking News and Top Headlines from Business, Companies and around the world.
