Groww IPO will get totally subscribed on Day 2

The preliminary public providing of Billionbrains Garage Ventures, the mum or dad firm of inventory broking agency Groww, obtained totally subscribed on the second day of share sale on Thursday.

The firm’s IPO obtained bids for 39,16,33,950 shares, as towards 36,47,76,528 shares on supply, translating into 1.07 instances subscription, as per information out there with the NSE until 11:45 hours.

Retail Individual Investors (RIIs) half obtained 3.62 instances subscription, whereas the quota for non-institutional traders obtained subscribed 1.32 instances.

The class for Qualified Institutional Buyers (QIBs) fetched 10% subscription.

Billionbrains Garage Ventures on Monday garnered just a little over ₹2,984 crore from anchor traders. The firm’s ₹6,632 crore IPO would conclude on Friday.

The agency has mounted a worth band of ₹95-100 per share for its IPO, focusing on a valuation of over ₹61,700 crore (about $7 billion).

The IPO has a contemporary challenge of fairness shares value ₹1,060 crore together with an Offer-for-Sale (OFS) part of 55.72 crore fairness shares.

The firm, which is backed by marquee traders similar to Peak XV, Tiger Capital, and Microsoft CEO Satya Nadella, plans to make use of proceeds from the IPO to put money into know-how growth and enterprise enlargement.

Of the contemporary issuance, ₹225 crore might be used for model constructing and efficiency advertising and marketing actions, and ₹205 crore might be invested in Groww Creditserv Technology Pvt Ltd (GCS), the NBFC arm, to reinforce its capital base.

Additionally, ₹167.5 crore might be infused into Groww Invest Tech Pvt Ltd (GIT) to fund its margin buying and selling facility enterprise, whereas ₹152.5 crore has been earmarked to strengthen cloud infrastructure.

The stability might be utilised for funding inorganic progress by means of acquisitions and for common company functions.

Headquartered in Bengaluru, Groww filed draft papers in May with markets regulator Sebi for an IPO by means of a confidential pre-filing route and obtained Sebi’s approval in August.

Groww opted for the confidential pre-filing route, which permits it to withhold public disclosure of IPO particulars below the DRHP till later levels. This route is gaining traction amongst Indian corporations aiming for flexibility of their IPO plans.

Founded in 2016, Groww emerged as India’s largest stockbroker, with over 12.6 million lively shoppers and a market share of over 26 per cent as of June 2025.

Groww will make its inventory market debut on November 12.