Copyright news18
Groww IPO Allotment Date: The allotment of the Groww IPO is expected to be finalised today, November 10, in the evening. Once finalised, investors will receive bank debit or amount unblock message. They can also check the allotment status on the websites of BSE, the NSE, as well as on the portal of registrar MUFG Intime India Pvt Ltd. However, its grey market premium (GMP) has fallen to Rs 4, which is nearly down by 75.7% as compared with the Rs 16.5 premium recorded a few days ago. The initial public offering (IPO) of Billionbrains Garage Ventures Ltd, the parent company of stock broking firm Groww, closed on Friday, November 7, with a decent 17.60x subscription. The IPO garnered bids for 6,41,86,76,400 shares as against the 36,47,76,528 shares on offer. Its retail category has received a 9.43x subscription, while the NII (non-institutional investor) quota has received a 14.20x subscription. The QIB category received a 22.02x subscription. Groww IPO Allotment Today The Groww IPO allotment is expected to be finalised on Monday, November 10. The allotment status can be checked online by following these steps: 1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx. 2) Under ‘Issue Type’, select ‘Equity’. 3) Under ‘Issue Name’, select ‘Billionbrains Garage Ventures Ltd’ in the drop box. 4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the ‘Permanent Account Number’ option. 5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option. Your share application status will appear on your screen. On MUFG Intime India’s Portal You can also visit directly on the registrar MUFG Intime India’s portal — https://in.mpms.mufg.com/Initial_Offer/public-issues.html and check the Groww IPO allotment status. On NSE’s Website The allotment status can also be checked on the NSE’s website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids. Groww IPO Listing Date The company’s shares are proposed to be listed on both the NSE and the BSE on November 12, 2025. Groww IPO GMP Today According to market observers, unlisted shares of Billionbrains Garage Ventures Ltd are currently trading at Rs 104 apiece in the grey market, which is a premium (or GMP) of Rs 4 or 4% over the upper IPO price of Rs 100, indicating weak listing. It signals a listing price prediction of Rs 104 per share against the issue price of Rs 100. The GMP was at 16.5% (Rs 16.5) a few days ago. 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: More Details Billionbrains Garage Ventures last week garnered a little over Rs 2,984 crore from anchor investors, ahead of the IPO. The company’s Rs 6,632 crore IPO concluded on November 7. The firm fixed a price band of Rs 95-100 per share for its IPO, targeting a valuation of over Rs 61,700 crore (about $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. 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.
