Groww IPO Day 3: This IPO shines in the gray market, subscriptions are in full swing, know whether to invest or not?

News Topical, Digital Desk : Groww IPO Day 3: The Initial Public Offering (IPO) of fintech company Billionbrains Garage Ventures Ltd (Groww) is open for investment on its third day, November 7, 2025. This IPO will be open from November 4 to November 7. This means that today is the last chance for investors to apply for this mainboard issue.

IPO Details: Price Band and Issue Size
Groww has set a price band of ₹95 to ₹100 per share for its IPO. The company's issue is a combination of fresh capital and an offer for sale (OFS). The total issue size is ₹6,632.30 crore, of which ₹1,060 crore will be raised through a fresh issue. ₹5,572.30 crore will be in the form of an offer for sale (OFS). 

Groww IPO GMP (Grey Market Premium) Positive signals remain in the grey market regarding the Groww IPO. According to market observers, today's Groww IPO GMP is at ₹15, which is ₹1 higher than yesterday's ₹14. This means that Groww shares are trading at a ₹15 premium over the issue price in the grey market. This premium has remained stable despite weak secondary market trends, reflecting investor confidence. Experts believe that investors can expect potential returns of 10% to 15% upon listing. 

Groww IPO Subscription Status (Day 3, till 10:18 am) The IPO has received a good response till the morning of the third day. Several leading brokerage houses in the market have given their opinion on the Groww IPO. 

BP Equities Considering the company's performance and technological edge, BP Equities has given the issue a 'Subscribe' rating. “At the upper price band of ₹100, the company's P/E is valued at 31.3x (FY25 earnings). Given the strong financials, technology advantage, and growth prospects, it is attractive for medium to long term investment.” 

DRChoksey Research This brokerage has given a 'Buy' tag to the Groww IPO. "Groww is one of India's most exciting fintech growth stories. The company's user base is growing rapidly, margins are strong, and it has a 26% market share. Despite regulatory risks and high OFS, the company's profitability turnaround makes it worth investing in." 
 

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