The much-anticipated Groww IPO has entered its final day of bidding, drawing significant attention from investors and market watchers alike. As a leading player in the online investment space, Groww’s initial public offering is seen as a key event, and understanding the details on subscription status, grey market premium (GMP) trends, and analyst perspectives has become crucial for potential investors.

By the close of Day 2, the Groww IPO had garnered an overall subscription of approximately 1.64 times. This indicates a moderately strong interest in the issue, with the retail investor segment showing robust enthusiasm by registering multiple times subscription rates compared to the qualified institutional buyers (QIB) and non-institutional investors (NII).

Meanwhile, in the grey market, the GMP has seen notable fluctuations. Early in the process, unlisted shares of Groww were trading at a premium of about 10-15 percent over the IPO price band, which was set with an upper price of Rs 100 per share. This suggests that investors on the grey market were optimistic about the stock’s listing potential, valuing it higher than the issue price. However, as the bidding progressed, the GMP experienced some downward pressure, falling to around Rs 10.5, signaling a cautious approach from late-stage bidders possibly due to broader market volatilities and sector-specific challenges.

Market experts have weighed in on the IPO’s prospects. Analysts appreciate Groww’s rapid growth trajectory and strong foothold in the retail investment segment, underpinned by its expanding customer base and innovative platform offerings. The firm’s revenue is projected to grow by 50% in the upcoming fiscal year, with profitability metrics also expected to improve significantly, including a projected PAT margin increase to 47%.

Despite the optimistic growth forecasts, analysts also urge caution due to the current volatile market conditions and competition within the fintech sector. Some experts recommend a ‘subscribe’ stance on the IPO, especially for retail investors looking to enter the digital investment space, while advising institutional investors to consider valuations carefully amidst market fluctuations.

Overall, the Groww IPO final day of bidding reflects a balanced mix of enthusiasm and prudence from investors. The solid subscription figures and initial GMP premiums show confidence, yet the recent pullback in grey market prices and mixed sectoral performances remind investors to weigh risk factors carefully.

For those still considering participation, today is the last opportunity to place bids, and keeping an eye on real-time subscription updates and market sentiments will be key. As Groww looks set to be a significant player post-listing, its IPO remains an intriguing watchlist item for investors keen on fintech innovations and digital asset management growth stories.