The initial public offering (IPO) market is buzzing with activity as Groww's IPO sails through Day 2 and Lenskart's allotment status is finalized today, November 6, 2025. Here's a breakdown of the latest updates on these highly anticipated IPOs:

Groww IPO: Fully Subscribed on Day 2

The IPO of Billionbrains Garage Ventures Ltd, the parent company of the online brokerage platform Groww, has been fully subscribed on the second day of bidding. The ₹6,632 crore issue witnessed strong demand, particularly from retail investors.

• Subscription Status: By midday on Thursday, the 364.8 million share offering had attracted bids for 366.8 million shares, achieving a subscription ratio of 1.01 times. The issue was subscribed 1.14 times at 12:30 IST today, receiving cumulative bids for 41.65 Cr shares against 36.48 Cr shares on offer.
• Retail Investor Enthusiasm: Retail individual investors (RIIs) have oversubscribed their portion by 3.4 times, bidding for 226.2 million shares against an offer of 66.3 million. Retail investors led the demand, subscribing 3.85 times their quota. Nearly 88% of retail bids came in at the cut-off price, indicating strong demand at the upper end of the price band.
• Non-Institutional Investors (NIIs): Non-institutional investors have subscribed 1.21 times their allocation overall. The NII segment witnessed a moderate response and was subscribed 1.41X. Smaller non-institutional bidders, applying for amounts between ₹200,000 and ₹10 lakh, oversubscribed their segment by 1.89 times, while larger non-institutional investors applying for more than ₹1 million subscribed 0.86 times their portion.
• Qualified Institutional Buyers (QIBs): Qualified institutional buyers have so far taken up just 10% of their allocated portion, with bids for only 20.5 million shares against an offer of 198.97 million. Mutual funds have accounted for nearly all the institutional interest, with bids of 20 million shares.
• Anchor Investors: The company had locked in heavy support from global and domestic institutions through the anchor book, allocating 298.45 million shares at ₹100 apiece, raising ₹2985 crore ahead of the offering.
• Grey Market Premium (GMP): The grey market premium (GMP) for Groww's IPO has seen some fluctuation. The GMP is ₹14.75. As of November 6, Groww's IPO is commanding a grey market premium of ₹13, or 13% above its issue price of ₹100.
• IPO Details: Groww has set a price band of ₹95 to ₹100 a share for its IPO, seeking a valuation of about ₹61,736 crore. The share sale comprises a ₹1,060 crore fresh issue and an offer for sale (OFS) of ₹5,572.3 crore, giving existing investors a sizeable liquidity event.
• Listing Details: Allotment is expected on November 10, and the shares are likely to list on November 12.
• Objective of the IPO: Groww plans to use the IPO proceeds for expenditure towards cloud infrastructure (₹152.5 cr), brand building and performance marketing activities (₹225 cr), investment in one of the Material Subsidiaries, GCS (an NBFC), for augmenting its capital base (₹205 cr), investment in one of the Material Subsidiaries, GIT, for funding its MTF business – ₹167.5 cr.

Lenskart IPO: Allotment Today

The allotment for the Lenskart IPO is being finalized today, November 6, 2025. Investors can check their allotment status online via the registrar, MUFG Intime India, or the BSE and NSE websites.

• IPO Overview: The Lenskart IPO is a book-built issue of ₹7,278.76 crores. The issue is a combination of a fresh issue of 5.35 crore shares aggregating to ₹2,150.74 crores and an offer for sale of 12.76 crore shares aggregating to ₹5,128.02 crores. The IPO was subscribed 28.2 times overall.
• GMP Trends: The GMP stayed positive but showed some cooling: It started around ₹70 before the IPO opened, jumped to ₹95 on Day 1 (Oct 31), fell to ₹39 on the final subscription day (Nov 4), and recovered slightly to around ₹45 on allotment day (Nov 6). The grey market premium for the Lenskart Solutions IPO was Rs 45 apiece, on Thursday.
• Listing Date: Lenskart Solutions shares will list on November 10.
• Refunds: The IPO refund date is November 7, 2025, Friday.

Grey Market Premium (GMP) Explained

The IPO GMP, also known as the grey market premium, refers to the difference between the issue price and its estimated listing price in the grey market. It is an unofficial indicator of listing expectations. The GMP indicates how the IPO might react on a listing day with an estimated price. However, it is essential to note that the grey market premium is for informational purposes only and is not always reliable. Investors should not solely rely on GMP to make investment decisions and should conduct a thorough analysis of the company's financials and business.