Groww IPO Subscription Status Day 3: Issue Subscribed 9.9x; QIB Portion Soars 10.2x, Retail 8.2x
By Shishta Dutta | Updated at: Nov 7, 2025 02:59 PM IST
Mumbai, Nov 7, 2025: The ₹6,632 crore initial public offering (IPO) of Billionbrains Garage Ventures Limited, the parent company of Groww, witnessed a stellar response on Friday afternoon, with strong demand pouring in from institutional investors, high-net-worth individuals, and retail participants alike.
As of 2:39 PM, Groww IPO bids across BSE and NSE surged to 361.05 crore shares against the total issue size of 36.48 crore shares, translating to an impressive 9.9 times overall subscription.
Category-Wise Subscription Status (as of 2:39 PM)
| Category | Shares Offered | Shares Bid | Subscription (x) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 19.89 crore | 202.35 crore | 10.17 |
| Non-Institutional Investors (NIIs) | 9.95 crore | 104.16 crore | 10.47 |
| Retail Individual Investors (RIIs) | 6.63 crore | 54.55 crore | 8.23 |
| Total | 36.48 crore | 361.06 crore | 9.90 |
Institutional investors dominated the final-day bidding with QIBs subscribing 10.2 times, driven by strong participation from mutual funds (97.9 crore shares) and foreign institutional investors (91.1 crore shares). The NII category closely followed at 10.5x, led by individuals applying for high-value bids above ₹10 lakh, which alone saw a 11.8x oversubscription.
Retail enthusiasm remained robust, with the RII segment subscribed 8.2 times, showing continued traction even after record anchor interest earlier in the week.
Price-Wise Bidding Snapshot (as of 2:39 PM)
| Bid Price (₹) | Quantity |
|---|---|
| 95.00 | 3,63,40,82,550 |
| 96.00 | 3,63,16,05,150 |
| 97.00 | 3,63,10,59,600 |
| 98.00 | 3,63,05,58,000 |
| 99.00 | 3,62,97,59,100 |
| 100.00 | 3,62,90,02,650 |
| Cut-off | 47,00,99,850 |
The cut-off price once again attracted the highest concentration of bids, indicating investors’ intent to secure allotment regardless of price.
Anchor Investor Allotment
Ahead of the public offer, Groww had raised ₹2,985.35 crore from anchor investors, allotting 29.85 crore shares at ₹100 each to 102 marquee investors, including Government of Singapore, Kotak Flexicap Fund, Nippon India Multi Cap Fund, Government Pension Fund Global, and Abu Dhabi Investment Authority.
Key IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | November 4, 2025 |
| IPO Closes | November 7, 2025 |
| Allotment Finalization | November 10, 2025 |
| Refunds/Share Credit | November 11, 2025 |
| Listing | November 12, 2025 |
About Groww
Founded in 2016, Bengaluru-based Groww is among India’s leading fintech platforms for retail investing, offering seamless access to mutual funds, equities, ETFs, and fixed deposits. Known for its intuitive interface and investor-first approach, Groww has been pivotal in expanding financial inclusion across India’s emerging investor base.
With the issue witnessing nearly 10 times oversubscription and heavy institutional inflows by mid-afternoon, analysts expect final figures to climb further by the close of bidding today, setting the stage for a highly anticipated listing on November 12.
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