Groww IPO GMP is Soaring - Here's What It Means For Your Wallet -

Based on the latest data and analyst reviews, Groww IPO GMP (Grey Market Premium ) for the Groww IPO suggests potential listing gains. However, analysts are divided on its long-term value, with many citing high valuations.

Here is a detailed analysis based on current information.

This article is not in any sense a investment advice

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📊 Current Grey Market Premium (GMP) and Listing Price Prediction

As of November 4-5, 2025, the Grey Market Premium (GMP) for the Groww IPO is ₹17. The IPO price band is set between ₹95 and ₹100 per share.

The table below shows the estimated listing price calculation based on the upper end of the price band.

Metric	Value
IPO Price Band (per share)	₹95 – ₹100
Upper Price Band	₹100
Current GMP	₹17
Estimated Listing Price	₹117
Potential Listing Gain	~17%

🧐 What is the Grey Market Premium (GMP)?

The Grey Market is an unofficial market where IPO shares are traded before they are listed on stock exchanges.

Grey Market Premium (GMP): This is the extra amount investors are willing to pay over the IPO’s issue price in this unofficial market.
An Indicator, Not a Guarantee: A high GMP indicates strong investor interest and speculation about listing gains. However, it is not a guaranteed listing price, as the final price is determined by official market supply and demand on the listing day.

📝 Analyst Takeaways and Recommendations

Analysts have mixed views on the Groww IPO, with recommendations ranging from “Subscribe for Listing Gains” to “Neutral” for long-term investors. The table below summarizes the key analyst ratings.

Brokerage/Analyst	Recommendation	Rationale
Arihant Capital	Subscribe for listing gain	Well-positioned to capture market growth; strong tech platform and profitability.
Anand Rathi Research	Subscribe – Long Term	Fully priced, but strengths in brand and technology support a long-term view.
Angel One	Neutral (Long-term perspective)	Valuation appears steep compared to peers.
Swastika Investmart	Subscribe (Medium-to-Long Term)	Issue seems fairly valued with limited near-term upside.
Bajaj Broking	Analysis provided, rating not specified	Valued at a P/E of 29.9x based on FY25 earnings.

⚖️ Key Strengths and Risks to Consider Groww IPO GMP

✔️ Key Strengths

Market Leadership: As of June 2025, Groww is India’s largest investment platform by active users on the NSE, with a 26.3% market share and over 12.6 million active clients.
Strong Financial Turnaround: The company reported a net profit of ₹1,824 crore in FY25, a significant recovery from a loss of ₹805 crore in FY24.
High Organic Growth: Over 83% of its customers are acquired organically, leading to lower marketing costs and strong brand recall.
Scalable Technology: Its in-house tech platform handles massive scale efficiently, reducing the “Cost to Serve” from 15.9% (FY23) to 12.6% (FY24).

❗ Key Risks & Concerns

High Valuation: At the upper price band of ₹100, the IPO is valued at a P/E ratio of 33.8x to 40.8x its FY25 earnings, which some analysts consider expensive compared to peers.
Regulatory Dependence: The business is subject to evolving regulations. Recent SEBI changes in derivatives trading already led to a drop in active broking users.
Revenue Concentration: A significant portion of revenue (84.5% in FY25) comes from broking services, making it vulnerable to a downturn in trading activity.