Overview
- At Rs 6,632.30 crore, the offer combined a Rs 1,060 crore fresh issue with a large offer-for-sale by early investors at a price band of Rs 95–100 per share.
- By the final day, overall bids were about 1.85 times, with retail at roughly 5.5 times, NIIs around 2.7 times, and QIBs near 0.2 times, according to exchange data cited in Friday’s updates.
- The latest grey market premium hovered near Rs 10–11 on November 7 after earlier mid‑teens levels, implying only low‑double‑digit indicative gains and remaining an unofficial signal.
- Groww raised about Rs 2,984 crore from anchor investors earlier in the week, with allocations including Abu Dhabi Investment Authority and the Government of Singapore.
- Fresh proceeds are earmarked for cloud infrastructure (about Rs 152.5 crore), brand and marketing (about Rs 225 crore), investments in subsidiaries and inorganic growth, as the Bengaluru-based broker highlights a large active client base.