Groww IPO: Issue booked over 17 times on final day; GMP eases to 4%

Groww’s initial public offering (IPO) wrapped up with an impressive 17.6× overall subscription, drawing robust participation from both retail investors and institutional buyers. Although the grey market premium (GMP) moderated to around 4%, analysts remain optimistic about the company’s long-term prospects, citing its strong financial performance, dominant position in the online investment space, and strategic diversification into areas such as NBFC operations. India’s leading retail investing platform, Groww (Billionbrains Garage Ventures Ltd), closed its IPO with bids for 641.86 crore shares, against 36.47 crore shares available, reflecting solid investor confidence and healthy market demand. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.