On November 12, 2025, Groww Rs6,632 crore IPO will be listed with a price band of Rs95 – Rs100 per share. Even though the profits and user figures have been good, the grey market premium has declined, indicating a low listing increase of between 5-10 percent.
Knowing the Proposal and the Future
The serious online investment tool named Groww, which has gained popularity in India, will have its open IPO. IPO opened the subscription window between 4 November and 7 November 2025 on a price range of Rs95 – Rs100 per share.
The company hopes to issue approximately or Rs6,632 crores which includes fresh issue of approximately or Rs1,060 crores, and the rest shall be offer of sale by the current shareholders. The company is expected to be listed on 12 November 2025 in the BSE and NSE.
The reason Investors Are Keeping a Closer Eye
Groww has recorded good financial recovery and growth. In the current year, FY 2025, it has reported the profit of approximately Rs 1,824 crores in contrast to the loss of previous years and the revenue increased more than 50 percent in year on year to approximately Rs 3,902 crores.
It further controlled 26.3 percent of the market share in India in the retail investors and retained approximately 12.6 million active users.
These indicators help to make investors interested people, however, with some reservations. Even though it depends on broking as its largest source of revenue, its portion is dwindling as Groww expands to wealth management, commodities and margin trade.
Reuters
Grey Market Premium (GMP) Tells the Story
The grey market premium (GMP) of the IPO of Groww is one of the important measures to gauge the sentiment of investors before the listing. The original GMPs was at Rs 15-16 per share (to imply a 15-16 percent pre issue premium).
More recent data however indicate that the GMP is down sharply to approximately [?]5 per share, which is a price that suggests that the GMP is just about 5 percent overvalued. In the given circumstances some brokers offer listing gain that is about 5-10 percent.
The question is, therefore, Big Bang or a Soft Entry
- Good signals: Good new profitability, high number of users and strong expansion prospects not restricted to broking.
- Red flags: The decline in GMP implies that investor exuberance is starting to decline. Additional uncertainty is also brought about by more widespread market mood, financial services regulation risk, competition and comparative recentness of its new business segments.
In summary: Groww is prepared in taking a lot of respect in most aspects, but the mud has been made by the market conditions so the significant upsides might not be huge compared to past hot IPOs.
Important Dates and Details to Mark
- Subscription date: 4-7 November 2025.
- Price band: Rs95-Rs100 per share.
- Lot size: 150 shares.
- Basis of allotment: Approximately 10 November.
- Listing date: 12 November 2025.
- Issue size: Approx. Rs 6,632 crores.
What to Watch After Listing
- Day 1 and initial few trading days performance, Does the share price go up the 5-10 percent indicated by the current GMP?
- How the market will respond to the unfortunate growth divisions of the company (commodities, margin trading, wealth management) instead of the mere broking.
- The response to any regulatory changes (in the finance/ fintech space) or macroeconomic variables.
Bottom line: Groww would probably IPO at a small increase instead of the drastic one. To the investors in the IPO, there is a chance of a short term listing upsurge, but any long term worth will depend on the effectiveness with which the company will implement the growth plan.
