The initial public offering of Billionbrains Garage Ventures , the parent company of leading stock broking platform Groww, got fully subscribed (101 percent) on its second day of public bidding, November 6. This comes despite a slight drop in the grey market estimates for the Rs 6,632-crore IPO.

The maiden public issue of the company received bids for nearly 37 crore shares, as against the offer size of 36.47 crore shares, according to data on NSE at 11.15 am. Retail investors led the subscription numbers, booking their reserved portion over 3 times (341 percent).

Non Institutional Investors have also fully subscribed their reserved portion (121 percent). Qualified Institutional Buyers (QIB) have booked 10 percent of the portion kept for them.

Groww IPO GMP:

Ahead of listing, the unl

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