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Digital investment platform Groww’s IPO saw strong participation, with the issue subscribed 17.6 times overall. However, its grey market premium (GMP) has dropped to Rs 5 per share, about 5% above the issue price, indicating a likely listing price of Rs 105 per share.
The IPO was open for subscription between November 4 and 7, with a price band of Rs 95–100 per share and a minimum investment requirement of Rs 14,250. The allotment is likely to be finalized by November 10, while the company’s shares are expected to list on the BSE and NSE on…
