Groww's IPO subscribed nearly 18 times on the final day; QIB sees highest 22x oversubscription

India's top stock broker Groww’s Rs 6,632.30 crore initial public offering (IPO) saw strong demand across investor categories, closing with an overall subscription of 17.60 times on the final day, according to exchange data.

The qualified institutional buyers (QIB) segment led the response with 22.02x subscription, bidding for more than 4.38 crore shares against 1.99 crore shares on offer. Non-institutional investors subscribed 14.20x, with the bNII (large bids above Rs 10 lakh) portion at 16.28x and the sNII (small bids below Rs 10 lakh) portion at 10.04x.

The retail investor category was subscribed 9.43x, with bids for 6.25 crore shares against 66.23 lakh shares available.

The IPO received total 31.40 lakh applications.

Groww’s IPO, a book-built issue of Rs 6,632.30 crore, comprises a fresh issue of 10.60 crore shares worth Rs 1,060 crore and an offer for sale (OFS) of 55.72 crore shares worth Rs 5,572.30 crore. The subscription window opened on November 4 and was closed on November 7, 2025. The IPO’s price band is set at Rs 95-Rs 100 per share.

For retail investors, the lot size is 150 shares, requiring a minimum investment of Rs 15,000 at the upper price band. The sNII lot size is 2,100 shares (14 lots), amounting to Rs 2,10,000, while bNII investors must apply for 10,050 shares (67 lots), requiring Rs 10,05,000.

The IPO allotment is expected to be finalised on November 10, with the stock scheduled to list on the BSE and NSE on November 12, 2025.