The Groww IPO allotment has been finalized on November 10, 2025, and the focus now shifts to its listing on November 12, 2025, on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The ₹6,632.30 crore IPO witnessed substantial investor interest, being subscribed 17.6 times overall. This comprised a fresh issue of ₹1,060 crore and an offer for sale (OFS) of ₹5,572.30 crore.

However, the grey market premium (GMP) for the Groww IPO has seen a significant decline, settling at around ₹4. This indicates a potential listing price of around ₹104 per share, a modest 4% gain over the IPO price of ₹100. The GMP, an unofficial indicator of listing performance, reflects the willingness of investors to pay a premium over the issue price in the grey market.

The fluctuation in GMP reflects changing investor sentiment. Initially, the GMP was as high as ₹16.70 on November 1, suggesting a potential 16.7% listing gain. However, this cooled off after the IPO closed on November 7, dropping to ₹11 by November 6. The continued decline to ₹4 suggests a more cautious outlook among investors.

The IPO was open for subscription from November 4 to November 7, with the price band set at ₹95 to ₹100 per share and a lot size of 150 shares. The strong subscription figures were driven by qualified institutional buyers (QIBs), whose portion was subscribed 22.02 times, followed by non-institutional investors at 14.20 times, and retail investors at 9.43 times.

Investors can check their allotment status on the website of the registrar, MUFG Intime India Pvt. Ltd., and on the BSE website. Successful applicants will have shares credited to their Demat accounts on November 11.

Groww intends to utilize the proceeds from the fresh issue for various purposes, including performance marketing (₹400 crore), tech/inorganic growth (₹300 crore), NBFC capital (₹200 crore), and working capital (₹160 crore). A portion of the funds will also be allocated to cloud systems (₹152.5 crore), marketing (₹225 crore), its NBFC unit (₹205 crore), and margin trading (₹167.5 crore). The remaining funds will be used for strategic and general corporate purposes.

Despite the muted GMP, some analysts maintain a positive outlook on Groww, citing its strong fundamentals, dominant share in India's retail investing space, high user engagement, and improved profitability. Groww has a significant presence in Tier-2 and Tier-3 cities, with a large user base among young investors. As of June 2025, Groww holds a market share of over 26% with more than 12.6 million active clients.

The listing of Groww is scheduled for November 12 on the NSE and BSE, where investors will be closely watching its performance after a week of fluctuating grey market trends.