Groww IPO: Issue Oversubscribed 1.1X On Day 2 So Far

Groww’s IPO continued to attract steady interest from investors on the second day of bidding. The public issue was subscribed 1.14X at 12:30 IST today, receiving cumulative bids for 41.65 Cr shares against 36.48 Cr shares on offer.

Retail individual investors (RIIs) continued to show strong interest, leading the subscription momentum on Day 2. Their quota was oversubscribed 3.85X, getting bids for 25.53 Cr shares against 6.63 Cr shares reserved.

The non-institutional investors’ (NII) segment witnessed a moderate response and was subscribed 1.41X. The segment received bids for 14.11 Cr shares against 9.94 cr shares on offer.

Within this category, investors bidding for amounts between INR 2 Lakh and INR 10 Lakh led the participation, with their portion oversubscribed 2.18X. The quota reserved for those bidding for more than INR 10 Lakh was subscribed 1.03X.

Qualified institutional buyers (QIBs) continued to show the least interest in the public issue, with their quota subscribed just 10%. They placed bids for 2.07 Cr Cr shares against 19.89 Cr shares on offer.

(The story will be updated soon)

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