Groww IPO Subscription Status Day 1 — Retail Investors Lead with 1.91x Demand, GMP at ₹16
Groww IPO Subscription Status Day 1: The Groww IPO subscription status Day 1 witnessed a steady start with 0.57x overall subscription by 5 PM. Retail investors took the lead, showing early enthusiasm despite volatile market conditions. The Groww IPO subscription status Day 1 indicates growing confidence among domestic investors toward India’s new-age fintech platforms.
At the upper price band of ₹100 per share, Groww is targeting a valuation of ₹61,700 crore (approximately USD 7 billion). The IPO will remain open until November 7, 2025, offering investors three days to participate before allotment finalisation on November 10, share credit on November 11, and listing scheduled for November 12 on both NSE and BSE.
What is the Groww IPO Subscription Status Day 1?
Groww IPO subscription status Day 1 received bids for over 20.64 crore shares against 36.47 crore shares on offer, translating to a subscription of 0.57 times overall. Retail investors dominated the early bids, while institutional demand is expected to rise on Days 2 and 3 as large investors assess the fintech’s growth potential.
| Investor Category | Shares Offered | Bids Received | Subscription (x) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 10,43,50,000 | 1,04,35,000 | 0.10x |
| Non-Institutional Investors (NIIs) | 9,13,20,000 | 5,39,00,000 | 0.59x |
| Retail Individual Investors (RIIs) | 16,91,06,528 | 32,20,69,950 | 1.91x |
| Total | 36,47,76,528 | 20,64,04,950 | 0.57x |
The strong retail participation (1.91x) underscores the brand’s trust factor, especially among India’s millennial investors who are already familiar with Groww as a trading and mutual fund platform.
What Is Groww IPO GMP Today?
The Groww IPO GMP (Grey Market Premium) stood at ₹16 as of Tuesday, November 4, suggesting that shares are trading around ₹116 in the unlisted market — a 16% premium over the upper price band.
| Date | Groww IPO GMP (₹) | Estimated Listing Price (₹) | Premium % |
|---|---|---|---|
| November 4, 2025 | ₹16 | ₹116 | 16% |
Market analysts indicate that the moderate GMP reflects healthy but cautious optimism. The premium could see an uptick if institutional demand strengthens during the final two days.
According to primary market trackers, early retail enthusiasm hints at long-term confidence in India’s fintech growth story, supported by rising digital investments and expanding mutual fund penetration.
What Are Experts Saying About Groww IPO?
Market experts suggest that while valuation remains on the higher side, the IPO offers exposure to India’s fast-growing fintech sector.
However, experts also caution that the company’s profitability and regulatory compliance will be key factors to watch post-listing.
When Is the Groww IPO Listing and Allotment Date?
Investors can mark the following key dates on their calendar:
| Event | Date |
|---|---|
| IPO Open Date | November 4, 2025 |
| IPO Close Date | November 7, 2025 |
| Basis of Allotment | November 10, 2025 |
| Refund Initiation | November 11, 2025 |
| Credit to Demat | November 11, 2025 |
| Listing Date (NSE & BSE) | November 12, 2025 |
If the current retail momentum continues and institutional bids strengthen, Groww may witness a fully subscribed book by Day 2, potentially leading to listing gains.
Final Takeaway — What Should Investors Expect?
The Groww IPO Subscription Status on Day 1 shows a promising retail response, underscoring the brand’s strong recall and investor trust. While institutional participation remains muted initially, analysts expect the overall subscription to pick up momentum by the final day.
With India’s digital investment ecosystem expanding rapidly, Groww’s listing could serve as a barometer for fintech investor sentiment in FY26. Investors should evaluate the fundamentals and listing premium trends before taking a call.
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Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
