India, Nov. 4 -- Update | November 4, 17:50 IST

Groww's IPO ended the first day of bidding with a 57% subscription, receiving bids for 20.63 Cr shares against 36.47 Cr shares on offer.

Retail investors led the charge, with the portion reserved for them oversubscribed 1.91X. They placed bids for 12.68 Cr shares against 6.63 Cr shares on offer.

The portion reserved for non-institutional investors (NIIs) was subscribed 59%, getting bids for 5.91 Cr shares against 9.94 Cr shares on offer.

Qualified institutional buyers (QIBs) didn't show much interest in the issue on the first day, placing bids for just 2.03 Cr shares against 19.89 Cr reserved. This translated to 10% subscription.

Original | November 4, 12:19 IST

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