Fintech IPO

Groww IPO Fully Subscribed on Day Two, Reflecting Strong Investor Interest

• ByStartupStory     |    November 6, 2025

Indian digital investment platform Groww’s initial public offering (IPO) achieved full subscription by the second day of bidding, signaling robust demand from retail and institutional investors. The IPO, which opened on November 4, 2025, aims to raise a total of ₹6,632.3 crore, combining a fresh equity issue and an offer-for-sale by existing shareholders.

By the close of Day Two, subscription numbers showed the retail investor portion was oversubscribed over three times its reserved size, while qualified institutional buyers and non-institutional investors also showed solid participation. This overwhelming response highlights Groww’s strong market position as a leading retail investment platform in India, benefitting from a growing base of digitally savvy investors.

The IPO price band was set between ₹95 and ₹100 per share, and the financing will support Groww’s expansion plans including investment in cloud infrastructure, brand marketing, and capital infusion into key subsidiaries focused on credit and investment technologies.

Groww reported impressive financial performance recently, with a 49% year-on-year revenue increase in fiscal 2025 to ₹3,901 crore and profits surging to ₹1,824 crore. These strong fundamentals, combined with favorable industry trends in retail investing and digital finance adoption, underpin investors’ confidence reflected in the IPO’s strong subscription.

The allotment process is expected to conclude by November 10, with refunds for unsuccessful applicants and share credits to successful bidders slated shortly after. Groww’s shares are anticipated to debut on major Indian stock exchanges on November 12, 2025.

Prominent global investors such as Peak XV Partners, Ribbit Capital, Y Combinator, Tiger Global, and Sequoia Capital have previously supported Groww’s growth, further enhancing market appeal for the public offering.

Groww’s IPO success underscores not only its leadership in India’s retail trading ecosystem but also increasing appetite among Indian investors for technology-driven financial services platforms. The overwhelming subscription further signals optimism about Groww’s potential to capitalize on India’s rapidly digitalizing investment landscape.

In summary, Groww’s IPO fully subscribed on its second day evidences the company’s strong reputation and investor trust, setting the stage for a high-profile listing that could shape the future of retail investment service providers in India.

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