Billionbrains Garage Ventures (Groww) IPO Closes Today – Retail Portion 5× Subscribed, GMP ~₹11 Ahead of Listing”

The nomination for the initial public offering (IPO) of Billionbrains Garage Ventures Ltd., the parent company of Groww, closes today. The total issue size stands at around Rs. 6,632 crore.

As of the end of yesterday’s bidding, the IPO was subscribed approximately 1.64 times overall. The retail investor segment was the strongest with about 5.02 times subscription against its allotted shares. Non-institutional investors (NIIs) bid around 2.26 times, while the qualified institutional buyer (QIB) portion lagged behind at just ~0.20 times.

In the grey market, the premium (GMP) for Groww’s IPO is currently around ₹11 above its issue price of ₹100.

Key dates to note: The IPO opened on 4 November 2025 and closes today (7 November 2025). Basis of allotment is expected 10 November, refunds 11 November and listing on the exchanges 12 November.
The IPO comprises a fresh issue of equity as well as an offer for sale (OFS) by existing shareholders.

In summary, strong retail interest and a moderate grey market premium indicate that investor sentiment for Groww may be favourable heading into listing.