Groww IPO Subscription Status, GMP Live: Anand Rathi take on this IPO

At the upper price band, the company is valued at 33.8x FY25 P/E, implying a post-issue market capitalization of Rs 6,17,360 million. Groww seeks to strengthen its pan-India brand by focusing on trust, transparency, and financial inclusion while expanding its customer base organically through word-of-mouth and operating leverage. The company also plans to diversify its product suite with offerings like MTF, commodity derivatives, API trading, wealth management (‘W’), LAS, and Bonds to enhance engagement, wallet share, and AARPU. Considering these factors, the IPO appears fully priced and is rated “Subscribe – Long Term,” aid Anand Rathi Research in its IPO note.

Groww IPO Subscription Status, GMP Live: Anchor investors

Before the IPO opened, Groww raised Rs 2,985 crore from anchor investors on November 3, 2025. These investors have a lock-in period – 50% of their shares are locked for 30 days and the remaining 50% for 90 days post-listing, as per SEBI rules.

Groww IPO Subscription Status, GMP Live: Use of IPO proceeds

– Cloud infrastructure expansion: Rs 152.5 crore

– Brand building and marketing: Rs 225 crore

– Investments in material subsidiaries: Rs 372.5 crore (combined)

– Inorganic growth and general corporate purposes

Groww IPO Subscription Status, GMP Live: Company profile

Groww, launched in 2016 by former Flipkart employees Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, has emerged as India’s largest digital investment platform. It allows users to invest in mutual funds, stocks, ETFs, fixed deposits, and other financial products through a mobile-first, paperless interface designed for ease of use.