The retail portion of the ₹6,632 crore Initial Public Offer (IPO) of Billionbrains Garage Ventures Ltd., also known as Groww, was fully subscribed on the first day of bidding on Tuesday, November 4.

As of 12:30 PM, the retail portion had received bids for 6.88 crore shares, compared to the 6.63 crore shares on offer for them.

While the non-institutional portion is subscribed 23% overall, with bids for 2.31 crore shares compared to the 9.94 crore shares on offer, the institutional portion has not seen any significant subscription so far.

It must be noted that only 10% of the IPO is reserved for retail investors, while 75% is for Qualified Institutional Bidders (QIBs) and the rest for NIIs. The issue will close for subscription on Friday, November 7.

The Groww IPO is a mix of a fresh iss

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