Groww IPO allotment date: Verify standing on MUFG Intime India and BSE; GMP holds regular
The IPO, which opened on November 4 and closed on November 7, noticed an honest 17.6 instances general subscription, signalling sturdy demand throughout investor classes. The retail portion was subscribed 9.43 instances, whereas certified institutional patrons (QIBs) bid 22.02 instances their quota and non-institutional buyers (NIIs) subscribed 14.2 instances.
Forward of the difficulty opening, Groww’s IPO drew curiosity from each home and world funds, underlining confidence in India’s booming fintech sector.
Find out how to examine Groww IPO allotment standing: Traders who utilized for the IPO can confirm their allotment standing utilizing both their PAN, software quantity, or demat account particulars by any of the next:
Registrar’s web site (MUFG Intime India)
Go to https://www.mufgintime.com/ipo/
Choose Groww (Billionbrains Storage Ventures ) from the dropdown.
Enter your PAN or software quantity and click on on Undergo view allotment standing.
On the BSE web site (https://www.bseindia.com/buyers/appli_check.aspx)
Select Fairness, choose Groww and enter your software particulars or PAN.
It is possible for you to to see if shares have been allotted to you.
Refunds for non-allottees will start on November 11, and shares shall be credited to profitable bidders’ demat accounts the identical day. Groww will debut on the BSE and NSE on November 12.
Groww GMP and itemizing outlook
Forward of itemizing, the gray market premium (GMP) for Groww stands round Rs 5 per share, implying a 5% itemizing achieve over the higher worth band of Rs 100. Whereas this means modest expectations in comparison with the preliminary hype, analysts counsel sentiment may enhance relying on broader market cues.
The IPO’s sturdy institutional participation has additionally tempered fears round overvaluation. Market watchers imagine the fintech’s profitability turnaround and increasing consumer base lend it long-term power, even when itemizing positive factors are muted.
IPO particulars and financials
Groww’s Rs 6,632 crore IPO included a contemporary concern price Rs 1,060 crore and a suggestion on the market (OFS) of Rs 5,572 crore. The worth band was Rs 95-100 per share, with lots measurement of 150 shares. The Bengaluru-based fintech platform affords investments in mutual funds, shares, ETFs, F&O, and digital gold, and has emerged as one among India’s largest on-line broking gamers, with greater than 12 million lively shoppers.
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In FY25, Groww’s income surged 49% year-on-year to Rs 3,902 crore, whereas web revenue jumped to Rs 1,824 crore from a lack of Rs 805 crore a 12 months earlier, signalling a pointy turnaround in operations.
(Disclaimer: Suggestions, ideas, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Instances)
