KUBERGROW TEAM Groww IPO Anchor Book Subscribed 15 Times: Strong Demand from Global Investors
Groww IPO Anchor Book Subscribed 15 Times ahead of the public issue has sparked significant interest across domestic and international markets. The anchor book, valued at approximately ₹3,000 crore, received bids worth more than ₹50,000 crore, highlighting the strong confidence investors have in India’s largest retail stockbroking platform. This overwhelming response to the Groww IPO Anchor Book sets a solid tone for the main bidding process, which is scheduled to open for retail and institutional investors on Tuesday and will continue until Friday.
Prominent institutional investors participated in the anchor round, including SBI Mutual Fund, Sequoia Capital, Coatue Management, Dragoneer Investment Group, and Abu Dhabi Investment Authority (ADIA). Such marquee participation reinforces market expectations of long-term growth potential and operational efficiency within Groww’s business model.
What the Groww IPO Consists Of (Breakdown)
The Groww IPO, launched by Billionbrains Garage Ventures, the parent entity, is valued at ₹6,632.30 crore. This issue includes:
Fresh issue: 10.60 crore shares worth ₹1,060 crore
Offer for Sale (OFS): 55.72 crore shares worth ₹5,572.30 crore
The Groww IPO Anchor Book oversubscription indicates strong demand even before retail investors enter the scene, often considered one of the most reliable signals of IPO market strength.
Grey Market Premium (GMP) and Price Band
The Groww IPO price band has been set between ₹95 and ₹100 per share.
In the grey market, Groww’s unlisted shares are trading at a GMP of ₹14.5, suggesting potential listing gains of roughly 14–15%. While GMP is not always a guaranteed indicator of listing performance, it reflects positive sentiment ahead of the listing.
Financial Performance: The Turnaround Story
Groww has showcased a major improvement in financials:
| Financial Year | Revenue (₹ Cr) | Profit / (Loss) (₹ Cr) |
|---|---|---|
| FY24 | 2,609.3 | -805.5 |
| FY25 | 3,901.7 | +1,824.4 |
| Q1 FY26 | – | 378.4 (11.9% YoY Growth) |
At the upper price band, the company is valued at 33.8x FY25 P/E, translating to a post-issue market cap of ₹61,736 crore.
Analyst Verdict
Brokerage house Anand Rathi has issued a “Subscribe – Long Term” recommendation, citing:
Strong brand credibility in retail investing
Expansion plans in wealth management, bonds, API trading, commodity derivatives
Focus on trust, transparency, and financial literacy
However, experts like Swastika Investmart suggest the IPO may offer moderate listing gains, with better value unfolding over the medium to long term.
Conclusion
The Groww IPO Anchor Book oversubscription by 15 times clearly indicates strong investor appetite and trust in Groww’s scalability, profitability, and market leadership in retail investing. While valuation appears full in the near term, long-term investors may see meaningful upside driven by continued product expansion and operational leverage.
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