The much-awaited Groww IPO opened for subscription on November 4, kicking off one of the most closely watched public issues in the fintech space. The three-day bidding window will remain open till Friday, November 7.
The company has set its price band at Rs 95–100 per share, with a lot size of 150 shares and multiples thereof. In simple terms, this means retail investors will need a minimum investment of Rs 15,000 to bid for one lot at the upper price limit.
| Groww India IPO | Key Details |
| Price Band | Rs 95-100 per share |
| IPO Date | Nov 4-7 |
| GMP | 16% |
| IPO Allotment date | November 10 |
| Listing date | November 12 |
Groww IPO: Issue Structure
It is a book built issue of Rs 6,632.30 crores. The company plans to raise Rs 1,060 crore through fresh equity shares, while existing shareholders will offload around 55.72 crore shares in an offer for sale (OFS). Major backers reducing their stake include Peak XV Partners, Ribbit Capital, Y Combinator, Tiger Global, and Kauffman Fellows Fund.
Groww IPO: Allotment and listing timeline
The basis of allotment is expected to be finalised on Monday, November 10. Refunds are likely to begin the next day, on Tuesday, November 11, with shares credited to demat accounts on the same day. The Groww stock is expected to list on the NSE and BSE on Wednesday, November 12.
Groww IPO IPO Subscription Status, GMP Live: Registrar and listing details
MUFG Intime is the registrar for the issue, responsible for processing applications and finalizing allotments.
The company’s shares will list on both BSE and NSE, with post-listing trade expected to begin on November 12.
Groww IPO IPO Subscription Status, GMP Live: Company background
Founded in 2016 by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh – all former Flipkart employees – Groww started as an online platform allowing investors to invest in mutual funds through a mobile-first interface.
Over time, it expanded to offer stocks, derivatives, ETFs, sovereign gold bonds, and IPO investments, becoming one of India’s most-used investment apps.
As of June 2025, Groww was India’s largest investment platform by active NSE clients, ahead of traditional brokerages.
Groww IPO IPO Subscription Status, GMP Live: Allocation structure
The IPO follows the SEBI-approved allocation structure-
Qualified Institutional Buyers (QIBs): Up to 75% of the issue
Non-Institutional Investors (NIIs): Up to 15%
Retail Investors: 10%
Groww IPO IPO Subscription Status, GMP Live: Price band and lot size
The price band for the Groww IPO is fixed between Rs 95-100 per share, with a face value of Rs 2 per equity share.
Retail investors can bid for a minimum lot of 150 shares, translating to an investment of Rs 15,000 at the upper end.
Groww IPO IPO Subscription Status, GMP Live: Timelines
Groww’s public issue is opening in today, November 4.
Public subscription: Runs from November 4 to November 7
Allotment date: Expected on November 10
Refunds & demat credits: On November 11
Listing date: Scheduled for November 12 on both BSE and NSE
The total issue size stands at Rs 6,632.30 crore, divided into two parts – a fresh issue of Rs 1,060 crore and an offer for sale (OFS) worth Rs 5,572 crore by existing shareholders and promoters.
Under the OFS, around 55.7 crore equity shares will be offloaded. The issue follows the book-building process, which helps in determining the final price within the approved range.