Billionbrains Garage Ventures Ltd, the parent company of Groww, garnered substantial interest for its IPO, which was oversubscribed by 17.6 times overall. Qualified institutional buyers (QIBs) led the demand at 22.02 times, followed by non-institutional investors (NIIs) at 14.20 times, and retail investors at 9.43 times. The allotment timeline is expected to be finalized on Monday, November 10, by late evening, after which investors can verify their allotment status. To check the allotment, investors can visit MUFG Intime India, NSE, or BSE. On the MUFG Intime platform, users should select Billionbrains Garage Ventures Limited, then enter their Account No/IFSC, Application No, PAN, or DP/Client ID, and click Submit.
This strong institutional confidence, along with robust retail participation, indicates a healthy market outlook, and the allotment will determine which investors received shares, prompting market observers to monitor the stock’s performance on the listing day.
