India, Nov. 6 -- The initial public offering of Billionbrains Garage Ventures Ltd., the operator of India's online brokerage Groww, was fully subscribed on the second day of the share sale on demand from retail investors - its largest client base.

The Groww IPO received bids for 43.17 crore shares as against 36.47 crore on offer, according to stock exchange data at 12:56 pm on Thursday (6 November 2025). That translates to a subscription of 1.18 times. The Groww IPO has so far received bids worth Rs.4,317.312 crore from 11,90,574 applications.

According to Investorgain, the Groww IPO GMP stood at Rs.12.5 per share at 11:01 am on Thursday. That translates into a listing-day premium of 12.5%.

To be sure, the grey market premium is a sign...