(Image: Canva AI) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Billionbrains Garage Ventures Ltd., the parent company of the online trading platform Groww, which launched its initial public offering (IPO) on November 4, was fully subscribed on Day 2. The subscription process for the mainboard offering will conclude today.

The IPO, which opened on Tuesday, November 4, has witnessed significant demand. Investors have bid for 68.67 crore shares against the 36.48 crore shares on offer, resulting in an overall subscription of 1.88 times as of 10:18 a.m. on Day 3 (Friday).

Despite strong investor appetite, the Grey Market Premium (GMP) for the mainboard offering has declined since the IPO was launched. The falling GMP reflects market jitters over the valuation and could sug

See Full Page