India, Nov. 7 -- Update | November 7, 19:00 IST

Groww's IPO closed with a bumper 17.6X oversubscription on the final day of bidding. The public issue received bids for 641.86 Cr shares against 36.48 Cr shares available for subscription.

Qualified institutional buyers (QIBs) showed the highest interest in the issue, with their portion subscribed 22.02X. They placed bids for 438.03 Cr shares against 19.89 Cr shares on offer.

Within this segment, foreign institutional investors (FIIs) bid for 242.53 Cr shares, while mutual funds and domestic financial institutions placed bids for 132.92 Cr and 29.29 Cr shares, respectively.

The non-institutional investors' (NIIs) segment saw 14.2X oversubscription, receiving bids for 141.28 Cr shares aga...