LG Electronics India IPO Listing Date, Subscription Details & Financials 2025

The IPO of Billionbrains Garage Ventures, the parent company of Groww, was fully subscribed (101%) by the second day of bidding on November 6.

This happened even though the grey market premium (GMP) dropped slightly for the ₹6,632 crore issue.

Strong Demand from Retail Investors

By 11:15 am, data from the NSE showed that investors had applied for 37 crore shares against 36.47 crore shares on offer.

Retail investors led the demand, subscribing 3.4 times their quota.

Non-Institutional Investors (NIIs) also fully booked their portion (121%).

Meanwhile, Qualified Institutional Buyers (QIBs) subscribed 10% of their reserved shares.

Grey Market Premium (GMP) Update

Unlisted shares of Groww were trading with a

See Full Page