The eagerly awaited Groww IPO allotment has been announced today, November 10, a significant moment for investors who subscribed earlier this month. The IPO, which opened on November 4 and closed on November 7, garnered a remarkable response, being subscribed 17.6 times by the third day.
Investors can verify their allotment status through the official registrar, MUFG Intime India Private Ltd, by using either their Application Number, Demat Account, or PAN. The process is simple, with the registrar’s platform providing step-by-step guidance. Those who do not obtain shares will have refunds initiated starting Tuesday, November 10, while shares allocated will be credited to demat accounts on the same date.
Today's Groww IPO Grey Market Premium (GMP) sits at ₹4, a decrease from its previous peak of ₹16.70. Given the IPO price range of ₹100, shares are anticipated to debut around ₹104, offering a modest 4% premium over the issue price. Market analysts observe a downward trend in GMP over the past couple of weeks, indicating a cautious sentiment among short-term investors.
With the listing planned for Wednesday, November 12, all eyes are now on the stock's market entry. The substantial subscription and current grey market activity suggest sustained investor interest, although the declining premium reflects a more measured perspective for the initial trading phase.
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