Groww IPO Day 3 LIVE: The issue is currently in its third day of bidding after the Groww IPO went well on Thursday. Groww IPO GMP, however, has dropped to ₹10.50 in the grey market, indicating only 10% listing gains at this point.
Groww IPO Day 3 LIVE: On Thursday, the second day of bidding for the initial public offering (IPO) of Billionbrains Garage Ventures, the parent company of the stockbroking website Groww, was completed with a 1.64 times total subscription. The last and final day of subscription for the IPO has begun today.With a price range of ₹95–100 per share, the company's ₹6,632 crore IPO values it at about ₹61,700 crore (about $7 billion). The offer consists of an offer-for-sale (OFS) of 55.72 crore shares and a new issuance valued at ₹1,060 crore.
Groww IPO Goal
The company intends to utilize the proceeds from the new issue for the following uses:
Groww IPO Goal
The company intends to utilize the proceeds from the new issue for the following uses:
- ₹225 crore would be used for marketing and brand development.
- Its NBFC unit, Groww Creditserv Technology Pvt Ltd (GCS), would receive an infusion of ₹205 crore to bolster its capital base.
- Groww Invest Tech Pvt Ltd (GIT) would get an investment of ₹167.5 crore to strengthen its margin trading facility.
- ₹152.5 crore has been set aside for improving cloud infrastructure.
- The remaining money will be utilized for regular business needs and acquisitions.
Concerning Groww
Since its founding in 2016, Groww has grown to become the biggest stockbroker in India, with over 12.6 million active clients and a 26% market share as of June 2025.
Groww IPO GMP
Today, Groww IPO GMP fell to ₹10.5 per share, the lowest since the shares began trading on the grey market. Groww's IPO listing price might be ₹110.5 at the current GMP, which is 10.50% more than the issue price.
On November 12, Groww shares are expected to go public on stock exchanges.
Since its founding in 2016, Groww has grown to become the biggest stockbroker in India, with over 12.6 million active clients and a 26% market share as of June 2025.
Groww IPO GMP
Today, Groww IPO GMP fell to ₹10.5 per share, the lowest since the shares began trading on the grey market. Groww's IPO listing price might be ₹110.5 at the current GMP, which is 10.50% more than the issue price.
On November 12, Groww shares are expected to go public on stock exchanges.
Groww IPO Day 3 LIVE: What are the goals of the Groww IPO?
₹225 crore would be used for marketing and brand development.
Its NBFC unit, Groww Creditserv Technology Pvt Ltd (GCS), would receive an infusion of ₹205 crore to bolster its capital base.
Groww Invest Tech Pvt Ltd (GIT) would get an investment of ₹167.5 crore to strengthen its margin trading facility.
₹152.5 crore has been set aside for improving cloud infrastructure.
The remaining money will be utilized for regular business needs and acquisitions.
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