Groww IPO Allotment Date: Check Status of MUFG Intime India and BSE; GMP remains stable

After receiving a healthy response from investors, Billionbrains Garage Ventures, better known as Groww, will complete allotment of shares for its IPO worth Rs 6,632 crore on Monday. Investors can check their allotment status online once the process is completed by the registrar, MUFG Intime India.The IPO, which started on November 4 and closed on November 7, saw a significant 17.6x increase in subscriptions, indicating strong demand across all investor categories. The retail portion was subscribed 9.43 times, while qualified institutional buyers (QIBs) bid 22.02 times their quota and non-institutional investors (NIIs) subscribed 14.2 times.

Ahead of the issue opening, Groww’s IPO attracted interest from both domestic and global funds, underscoring confidence in India’s booming fintech sector.How to check allotment status of Groww IPO: Investors who have applied for an IPO can verify their allotment status using their PAN, application number or demat account details through any of the following:

Website of the Registrar (MUFG Intime India)

Visit https://www.mufgintime.com/ipo/

Select Groww (Billionbrains Garage Ventures) from the drop-down list.

Enter your PAN or application number and click Submit to view the allotment status.

On the BSE website (https://www.bseindia.com/investors/appli_check.aspx)

Choose Equity, select Groww and enter your application details or PAN.

You can see if any shares have been allocated to you.

The refunds for unallocated participants will begin on November 11, and the shares will be credited to the demat accounts of the successful bidders on the same day. Groww will debut on November 12 on the BSE and NSE.

Groww GMP and listing prospects

Ahead of the listing, the gray market premium (GMP) for Groww is around Rs 5 per share, implying a 5% listing gain over the higher price band of Rs 100. While this indicates modest expectations compared to the initial hype, analysts suggest sentiment could improve depending on broader market signals.

The strong institutional participation in the IPO has also tempered fears of overvaluation. Market watchers believe the fintech’s profitability and growing user base will give it long-term strength, even if listing profits are limited.

IPO details and financials

Groww’s IPO worth Rs 6,632 crore included a fresh issue worth Rs 1,060 crore and an offer for sale (OFS) of Rs 5,572 crore. The price range was Rs 95-100 per share, with a lot size of 150 shares. The Bengaluru-based fintech platform offers investments in mutual funds, equities, ETFs, F&O and digital gold, and has grown into one of India’s largest online brokers, with over 12 million active customers.

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In FY25, Groww’s revenue rose 49% year-on-year to Rs 3,902 crore, while net profit rose to Rs 1,824 crore from a loss of Rs 805 crore a year earlier, signaling a sharp turnaround in business.

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