Groww And Lenskart IPOs In Focus On Tuesday. (Photo: NDTV Profit)
3 months ago
Nov 04, 2025
It's a big day for IPO investors, with two big companies in focus: Groww and Lenskart. Bidding for the Groww IPO has closed at 5 p.m.Though, the action doesn't stop there, as it is also the third and final day for Lenskart's Rs 7,278 crore IPO. The subscription window for the eyewear retailer closes later in the evening.
Groww IPO Live Updates: Retail Portion Fully Subscribed!
A strong start for Groww IPO, with the retail portion being fully subscribed just hours after the issue opened for subscription. As of 12:45 p.m, the retail subscription for Groww IPO stands at 1.15x.
At the upper price band, the company is valued at 33.8x FY25 P/E, implying a post-issue market capitalization of Rs 6,17,360 million. Groww seeks to strengthen its pan-India brand by focusing on trust, transparency, and financial inclusion while expanding its customer base organically through word-ofmouth and operating leverage.
The company also plans to diversify its product suite with offerings like MTF, commodity derivatives, API trading, wealth management, LAS, and Bonds to enhance engagement, wallet share, and AARPU.
Considering these factors, the IPO appears fully priced and is rated “Subscribe – Long Term.”
Discount stockbroker Groww's parent company Billionbrains Garage Ventures Ltd. is set to open its initial public offering worth Rs 6,632 crore for subscription on Tuesday.
The Groww IPO offer consists of a fresh issue of up to Rs 1,060 crore and an offer for sale of 55.7 crore shares worth up to Rs 5,572 crore.
Investors can place bids in the price range of Rs 95 and Rs 100, according to a public advertisement.
Can Groww help continue the ongoing IPO frenzy in India?
Despite a brewing social media storm that is attacking Lenskart Solutions Ltd. for its expensive valuations, the eyewear brand is seeing strong subscription for its Rs 7,000 crore-plus initial public offering on the back of a strong grey market premium and high-growth prospects.
Lenskart's offer had demands 2.02 times higher than the shares on offer, with retail investors bidding for 3.3 times more shares than they are being offered. Institutions too, have bid 1.6 times against their quota, while non-institutional investors have placed bid 1.9 times their share.
