Groww IPO Allotment Status finalised; how to check online on BSE, MUFG Intime India; direct links

Groww’s Rs 6,632.30 crore IPO allotment has been finalised, and investors can now check their application status on the BSE website or through the registrar, MUFC Intime. Here’s a simple guide to see if you’ve received the allotment.

BSE website

1. Visit: https://www.bseindia.com/investors/appli_check.aspx
   
2. Select Equity and choose Groww IPO.
   
3. Enter PAN or Application Number to check status.
   
   

MUFG Intime India (Registrar)

1. Visit: https://www.linkintime.co.in
   
2. Go to the “IPO Allotment Status” section.
   
3. Select Billionbrains Garage Ventures (Groww).
   
4. Enter PAN / Application Number / DP-ID-Client ID.
   
5. View allotment result and refund details (if any).
   
   

Investor excitement around Groww's IPO has cooled as its grey market premium (GMP) fell to Rs 4 or 4% over its issue price of Rs 100 per share, on the day of allotment. The Rs 6,632 crore IPO of Billionbrains Garage Ventures, the parent company of Groww, closed on November 7, receiving a strong subscription. The muted GMP suggests that investors are turning cautious about near-term listing gains.


The IPO received a strong response across investor categories, with the issue subscribed 17.6 times overall. Qualified institutional buyers (QIBs) led the show with a 22x subscription, followed by non-institutional investors (14.2x) and retail investors (9.4x).

Analysts point out that the stock’s valuation of nearly 40x FY25 earnings is fully priced. Groww is expected to see a mildly positive listing given the subdued GMP.

Still, experts believe Groww’s fundamentals remain strong. The company has a dominant share in India’s retail investing space, high user engagement, and improved profitability.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)