The action in the stock market today had one clear highlight—the Groww IPO. The issue opened with steady interest, and the mood across Dalal Street stayed attentive as investors tracked early subscription trends. For many market participants, this IPO has become one of the most closely watched listings of the month.

Let’s break down what unfolded on Day 1, based entirely on the available subscription data.

Market Performance

The broader market showed its usual mix of caution and curiosity, but IPO activity managed to stand out. With the new-age investing platform launching its public issue, traders kept a close eye on bidding momentum from the opening hour.

Groww IPO: Day 1 Subscription Snapshot

The Groww IPO subscription status reflected a gradual but noticeable pickup in demand. By mid-morning, bidding figures indicated that the issue was gaining traction, especially from smaller investor groups.

Key Subscription Data (as per NSE updates till 10:50 am):

• Overall Subscription: 10%
• Retail Investors: 36%
• Non-Institutional Investors (NII): 9%
• Total Bids Received: 3.44 crore shares
• Total Shares Offered: 36.47 crore

The subscription numbers showed that the retail community was the early driver of demand, contributing most of the initial momentum.

Groww IPO Details

Investors tracking the Groww IPO date and issue structure had some crucial numbers to note. The public issue opened on November 4 and will stay open for subscription until November 7.

Here are the core details in clean, quick pointers:

IPO Details

• Issue Size: ₹6,632.30 crore
• Price Band: ₹95–₹100 per share
• Valuation Target: Over ₹61,700 crore
• IPO Open Date: November 4
• IPO Close Date: November 7

Ahead of the IPO launch, the company also completed its anchor placement, raising funds as part of the standard pre-listing process as per regulations.

Groww IPO Listing Date

For investors planning their next steps, the Groww IPO listing date is scheduled for:

• Listing Date: November 12
• Allotment Date (Expected): November 10

This positions the IPO within a tight, predictable timeline, keeping the overall process straightforward for applicants.

Company Background

Groww’s parent company, Billion brains Garage Ventures Pvt Ltd, has grown into one of the most widely used investing platforms in India. The IPO marks another step in the evolution of its business, and the subscription figures from Day 1 reflect the public’s interest in its journey.

Summary

The first day of the Groww IPO closed with:

• 10% overall subscription,
• 36% retail participation, and
• steady demand from NIIs.

With the issue open until November 7, investors will continue watching how the bidding progresses through the next two sessions. The early response shows measured but clear participation, making this IPO one of the key highlights in the stock market today.