Groww IPO Allotment Out Today; Shares Likely to List at ₹104

The long-awaited Groww IPO allotment is out today, Monday, November 10, marking a key milestone for investors who subscribed earlier this week. The IPO, which opened on November 4 and closed on November 7, received an enthusiastic response, getting subscribed 17.6 times by day three.

Investors can check their allotment status through the official registrar, MUFG Intime India Private Ltd, using either Application Number, Demat Account, or PAN. The process is straightforward, with the registrar’s portal guiding users step by step. Those who do not receive shares will have their refunds initiated from Tuesday, November 10, while the allotted shares will be credited to demat accounts on the same day.

The Groww IPO Grey Market Premium (GMP) today stands at ₹4, down from a high of ₹16.70 in earlier sessions. Based on the IPO price band of ₹100, the shares are expected to list around ₹104, reflecting a modest 4% premium over the issue price. Market observers note the declining GMP trend over the past fortnight, hinting at a cautious approach among short-term investors.

With the listing scheduled for Wednesday, November 12, attention now shifts to the stock’s market debut. The IPO’s robust subscription and the grey market activity indicate steady investor interest, though the tempering premium suggests a balanced outlook for the initial trading session.