The moment thousands of investors have been waiting for has arrived. The excitement surrounding the blockbuster Initial Public Offering (IPO) of fintech giant Groww is peaking as the company finalises its share allotment today, on the official Groww IPO allotment date. The IPO, which was oversubscribed a staggering 85 times, saw overwhelming demand from all investor categories, reflecting immense confidence in Groww’s business model.
Now, the crucial question is: “Did I get the allotment?” The wait is almost over. Here’s your step-by-step guide on how to check your Groww IPO allotment status and what the current market sentiment looks like.
How to Check Groww IPO Allotment Status on MUFG Intime India & BSE
You can check if you’ve been allotted shares through two primary methods: the official registrar’s website and the BSE stock exchange portal. You will need your PAN Card and IPO Application Number to proceed.
1. Check Status via Registrar MUFG Intime India
MUFG Intime India Private Limited is the official registrar for the Groww IPO. The allotment status is typically updated on their server first.
- Visit the Website: Navigate to the MUFG Intime India IPO status page.
- Select the IPO: Choose “Groww Limited” from the dropdown menu.
- Enter Your Details: You can check your status using your PAN, Application Number, or DP/Client ID.
- Enter Captcha: Fill in the security captcha for verification.
- Submit: Click the ‘Submit’ button. Your allotment details, including the number of shares allotted, will appear on the screen.
2. Check Status on the BSE Website
You can also verify your allotment status directly on the BSE’s official website.
- Go to the BSE Allotment Page: Visit the BSE India application status check page.
- Select Issue Type: Under ‘Issue Type’, choose ‘Equity’.
- Select Issue Name: In the dropdown for ‘Issue Name’, select “Groww Limited”.
- Enter Credentials: Enter your IPO Application Number and your PAN.
- Verification: Click the “I’m not a robot” checkbox and complete the verification step.
- Search: Hit the ‘Search’ button to view your allotment status.
Groww IPO GMP Holds Steady Ahead of Listing
In a positive signal for investors, the Grey Market Premium (GMP) for Groww holds steady, indicating sustained interest before its stock market debut. As of this morning, the GMP is trading at approximately ₹180 per share.
The GMP is an unofficial but closely watched indicator of the potential listing price. With an issue price of ₹750 per share, a GMP of ₹180 suggests that the market anticipates a listing price near ₹930. This translates to a potential listing day gain of around 24%.
Disclaimer: It is important to remember that the GMP is a speculative, non-regulated metric. It can fluctuate based on market sentiment and is not a guaranteed indicator of listing performance.
What’s Next? Key Dates to Remember
- Refund Initiation: For applicants who were not allotted shares, the refund process will be initiated tomorrow.
- Demat Account Credit: Successful allottees will see the shares credited to their Demat accounts by the day after tomorrow.
- Listing Day: Groww is expected to make its highly anticipated debut on the NSE and BSE later this week.
The strong oversubscription figures and a stable GMP suggest a potentially robust listing for Groww. All eyes are now on its D-Street debut to see if the fintech unicorn can meet the high expectations.
