Groww’s IPO reached nearly 1.8 times subscription on Day Two, driven primarily by aggressive retail demand rather than institutional anchored conviction. Analysts said this acceleration reflects the expanding digital investor funnel that Groww has spent multiple years compounding, enabling deep distribution pull into public issuance cycles without excessive marketing burn. Market observers are now tracking whether this level of participation sustains into the final two subscription days and whether high net worth bucket velocity matches the retail surge or whether demand saturation hits mid window.