Comparison between Groww IPO and NSDL IPO.
Groww IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while NSDL IPO is a Mainboard Bookbuilding proposed to list at BSE.
The total issue size of Groww IPO is up to ₹6,632.30 Cr whereas the issue size of the NSDL IPO is up to ₹4,010.95 Cr. The final issue price of Groww IPO is ₹100.00 per share and of NSDL IPO is ₹800.00 per share.
| Groww IPO | NSDL IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹2 per share |
| Issue Price (Lower) | ₹95.00 per share | ₹760.00 per share |
| Issue Price (Upper) | ₹100.00 per share | ₹800.00 per share |
| Issue Price (Final) | ₹100.00 per share | ₹800.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ₹76.00 per share | |
| Market Lot Size | 150 shares | 18 shares |
| Fresh Issue Size | 10,60,00,000 shares | 0 shares |
| Fresh Issue Size (Amount) | up to ₹1,060.00 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 55,72,30,051 shares | 5,01,45,001 shares |
| OFS Issue Size (Amount) | up to ₹5,572.30 Cr | up to ₹4,010.95 Cr |
| Issue Size Total | 66,32,30,051 shares | 5,01,45,001 shares |
| Issue Size Total (Amount) | up to ₹6,632.30 Cr | up to ₹4,010.95 Cr |
Groww IPO opens on Nov 04, 2025, while NSDL IPO opens on Jul 30, 2025. The closing date of Groww IPO and NSDL IPO is Nov 07, 2025, and Aug 01, 2025, respectively.
| Groww IPO | NSDL IPO | |
|---|---|---|
| Anchor Bid Date | Nov 03, 2025 | Jul 29, 2025 |
| Issue Open | Nov 04, 2025 | Jul 30, 2025 |
| Issue Close | Nov 07, 2025 | Aug 01, 2025 |
| Basis Of Allotment (Tentative) | Nov 10, 2025 | Aug 04, 2025 |
| Initiation of Refunds (Tentative) | Nov 11, 2025 | Aug 05, 2025 |
| Credit of Share (Tentative) | Nov 11, 2025 | Aug 05, 2025 |
| Listing date (Tentative) | Nov 12, 2025 | Aug 06, 2025 |
| Anchor Lockin End date 1 | Dec 09, 2025 | Sep 02, 2025 |
| Anchor Lockin End date 2 | Feb 07, 2026 | Nov 01, 2025 |
Groww IPO P/E ratio is 33.26, as compared to NSDL IPO P/E ratio of 46.63.
| Groww IPO | NSDL IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)Billionbrains Garage Ventures Ltd.'s revenue increased by 45% and profit after tax (PAT) rose by 327% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)National Securities Depository Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 25% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 28.29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 27.53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 33.26 | 46.63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹61735.97 Cr. | ₹16000.00 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 17.11% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 22.7% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.01 | ₹17.16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 37.57% | 17.11% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Groww IPO Retail Individual Investors (RII) are offered 6,63,23,005 shares while in NSDL IPO retail investors are offered 6,63,23,005 shares. Qualified Institutional Buyers (QIB) are offered 19,89,69,016 shares in Groww IPO and 1,00,12,000 shares in NSDL IPO.
| Groww IPO | NSDL IPO | |
|---|---|---|
| Anchor Investor Reservation | 29,84,53,523 shares | 1,50,17,999 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 19,89,69,016 shares | 1,00,12,000 shares |
| NII | 9,94,84,507 shares | 75,09,001 shares |
| RII | 6,63,23,005 shares | 1,75,21,001 shares |
| Employee | 0 shares | 85,000 shares |
| Others | ||
| Total | 66,32,30,051 shares | 5,01,45,001 shares |
Groww IPO subscribed 17.60x in total, whereas NSDL IPO subscribed 41.02x.
| Groww IPO | NSDL IPO | |
|---|---|---|
| QIB (times) | 22.02x | 103.97x |
| NII (times) | 14.20x | 34.98x |
| Big NII (times) | 16.28x | 37.73x |
| Small NII (times) | 10.04x | 29.47x |
| RII (times) | 9.43x | 7.76x |
| Employee (times) | 15.39x | |
| Other (times) | ||
| Total (times) | 17.60x | 41.02x |
