Groww IPO day 3: GMP softens to 11% reaching Rs 111; should you subscribe?

Groww’s IPO is on its final bidding day, having garnered significant retail investor interest and a 1.64 times subscription by Day 2. The platform’s valuation stands at 33.8 times FY25 earnings, with a Rs 11 grey market premium indicating a potential listing price of Rs 111. Brokerages largely recommend subscribing, citing Groww’s strong market position and growth potential.