Groww IPO GMP today: India’s homegrown fintech star – which has become a household name for millennials and GenZ investors is seeing some serious love from the market even before its listing. The latest chatter from the grey market is quite encouraging. The Grey Market Premium (GMP) is currently sitting at around ₹11 per share. In simple terms, this suggests the shares might list at approximately ₹111 each – a neat 11% jump from the issue price of ₹100. The upbeat sentiment reflects high retail participation and investor confidence in Groww’s long-term story.
IPO Snapshot
This isn’t a small offering, it’s a massive ₹6,632 crore IPO. Here’s the breakdown:
- Fresh Issue: ₹1,060 crore (new money coming into the company)
- Offer for Sale (OFS): ₹5,572 crore (where early investors and founders sell a part of their stake)
Groww plans to pump it into strengthening its cloud infrastructure, boosting brand visibility and expanding its subsidiaries. Groww Creditserv Tech and Groww Invest Tech.
The subscription numbers tell the real story. The IPO, which closed on November 7, was subscribed 1.9 times overall. But the real rockstars were retail investors, who oversubscribed their portion by a whopping 5 times! This is a clear signal of just how much the common investor is rooting for Groww
Lead Managers & Key Dates
The Investment Bankers (Book Running Lead Managers) : Kotak Mahindra Capital, JP Morgan, Citigroup, Axis Capital and Motilal Oswal.
- Price Band: ₹95 to ₹100 per share
- Allotment Date: November 10, 2025 (The day you find out if you got the shares!)
- Listing Date: November 12, 2025 (When shares start trading on BSE & NSE)
Financials that Turn Heads
Groww’s FY25 numbers showcase robust growth:
- Operating Revenue: ₹3,901 crore (+49% YoY)
- Profit After Tax: ₹1,824 crore
- EBITDA Margin: 60.8%
- Organic User Growth: 78%
- ARPU: ₹3,339 (up from ₹2,541 in FY23)
This performance cements Groww’s position as one of India’s most profitable fintech players – driven by its asset-light structure and loyal investor community.
Also Read : Midwest IPO : Today’s price, GMP, Reviews, Details and Analysis
What Analysts Are Saying
Most brokerages are giving a thumbs up. Big names like SBI Securities, Anand Rathi, SMIFS, Kunvarji Wealth and Religare have all given a “Subscribe” rating. However, Bajaj Broking has taken a more neutral stance. While they acknowledge the strong client growth, they feel the current valuations are fair, leaving less room for explosive short-term gains.
About the GMP Buzz
While the current GMP points towards a happy listing day, it’s wise to remember that the grey market is speculative. The GMP has actually cooled off a bit from its earlier highs, which hints at a decent listing gain rather than a mind-blowing one. The actual listing price will depend on the market mood on November 12th.
Final Thought
The Groww IPO is more than just a company going public. It’s a signal that India’s fintech darlings are all grown up – they are now profitable, trusted brands built on solid tech. For retail investors, this IPO offers that rare combination we all look for a exciting growth story backed by solid financial discipline. It’s definitely one to watch!
