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Groww IPO Day 3: Overall subscription at 8x, GMP slides to ₹6 on final dayAhead of bidding commencing on the final day, the reports from the unlisted market are suggesting that shares of Groww are trading at a 13% premium to their issue price of ₹100 per share, which indicates the Gray Market Premium (GMP) is ₹13. However, these are speculative reports and the original listing price could differ from what the GMP indicates.By Hormaz Fatakia   November 7, 2025, 2:10:04 PM IST (Updated)2 Min ReadThe ₹6,632 crore initial public offering (IPO) of Billionbrains Garage Ventures Ltd., the parent company of fintech platform Groww,, continued to see decent investor interest on the third and final day of the bidding process.

The issue has been subscribed nearly 8x as of 2 pm today, receiving cumulative bids for 289.53 crore shares as against 36.48 crore shares on offer.

Retail institutional investors (RIIs) continued to show the most interest in the public issue. Their quota was oversubscribed 7.75x, while the quota set aside for non-institutional investors (NIIs) was subscribed 7.88x.

The quota reserved for qualified institutional buyers (QIBs) was booked 8.03x so far on Day 3.

The reports from the unlisted market are suggesting that shares of Groww are trading at a 6.5% premium to their issue price of ₹100 per share, which indicates the Gray Market Premium (GMP) is ₹6.5. However, these are speculative reports and the original listing price could differ from what the GMP indicates.

Groww had allotted 29.84 crore equity shares to over 100 eligible anchor investors at a price of ₹100 per share, raising a total of ₹2,984 crore before the issue opened for subscription. The IPO was a mix of a fresh issue of equity along with an Offer For Sale (OFS) from existing shareholders.

At the upper end of the price band, Groww could be valued at nearly ₹62,000 crore, making it more valuable than its peers such as Angel One, Motilal Oswal Financial Services, 360 ONE WAM, and Nuvama Wealth Management.

Price band of the issue has been fixed between ₹95 to ₹100 per share. Retail investors can bid for one lot of 150 shares, which will entail a minimum investment of ₹15,000, and then in multiples of 150 thereafter.Continue ReadingFirst Published: Nov 7, 2025 4:54 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsGMPGrowwIndian IPOsIPOsshare market today