Groww IPO GMP Today: Grey market premium up 15%, check subscription status and other details

The initial public offering of Billionbrains Garage Ventures, the parent company of stock broking firm Groww, garnered a good response from investors on the first day of the subscription period and got subscribed to 57 per cent. According to data available on the National Stock Exchange (NSE), the IPO was subscribed 80 times at the time of writing the report. The company's IPO received bids for 29,24,12,550 shares, as against 36,47,76,528 shares on offer. The retail investors' quota was fully subscribed, garnering a 2.69 times subscription, while the category meant for non-institutional investors received a 94 per cent subscription. The Qualified Institutional Buyers (QIBs) part received 10 per cent subscription.

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