Stock brokering platform Groww's parent company, Billionbrains Garage Ventures Ltd, will launch its ₹6,632 crore IPO on November 4, closing on November 7. The company has set the price band at ₹95–₹100 per share. This includes ₹1,060 crore worth of fresh shares and an offer for sale (OFS) of ₹5,572 crore. The listing will take place on November 12 on both BSE and NSE.
Groww IPO: Digital investment platform Groww's parent company, Billionbrains Garage Ventures Ltd, will launch its ₹6,632 crore Initial Public Offering (IPO) on November 4, 2025. Under this issue, the price band has been set at ₹95 to ₹100 per share, with a lot size of 150 shares. In the IPO, 75% of the issue will be reserved for QIBs, 10% for retail investors, and 15% for NIIs. The company plans to utilize the raised capital for cloud infrastructure, brand building, subsidiary investments, and inorganic growth. Groww's shares are currently trading at a premium of ₹10 in the grey market.
IPO Size and Price Band Determined
The company has set the price band for its IPO at ₹95 to ₹100 per share. The total size of this offer will be ₹6,632.30 crore. Out of this, 10.60 crore new shares worth ₹1,060 crore will be issued, while 55.72 crore shares worth ₹5,572.30 crore will be sold under the Offer For Sale (OFS). One lot will comprise 150 shares, meaning a minimum application must be made for that many shares by an investor.
IPO Listing Details
The bidding process for anchor investors in the Groww IPO will take place on November 3. General investors can apply between November 4 and November 7. Allotment is expected to be finalized on November 10, while the shares will be listed on both BSE and NSE on November 12.
In this IPO, 75 percent of the issue is reserved for Qualified Institutional Buyers (QIBs). Meanwhile, 10 percent is allocated for retail investors and 15 percent for Non-Institutional Investors (NIIs).
Utilization of Funds Raised from IPO
The company will use the capital raised through the IPO for several key activities. This includes expenditure on cloud infrastructure, promoting brand building and performance marketing activities, investing in subsidiaries GCS and GIT, achieving inorganic growth through potential acquisitions, and fulfilling general corporate purposes.
Company's Strong Financial Position
Billionbrains Garage Ventures' financial position remained very b in the last fiscal year. In fiscal year 2025, the company's revenue grew by 45 percent, while net profit saw a remarkable increase of 327 percent. In the April to June 2025 quarter, the company recorded a revenue of ₹948.47 crore and earned a net profit of ₹378.37 crore. During this period, the company's EBITDA stood at ₹418.75 crore. The company also reported a debt of ₹324.08 crore during the quarter.
Company Promoters and Investors
Groww was founded in 2016 by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh. This platform facilitates investments in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and US stocks. Currently, Groww has over 1.4 crore active retail investors. In this IPO, major investors such as Peak XV Partners, Ribbit Capital, Y Combinator, and Tiger Global will sell parts of their stakes.
Rising Activity in the Grey Market
Even before the IPO opens, Groww's shares are being discussed in the grey market. According to reports, Groww's shares are trading at a premium of about ₹10, or 10 percent, above the upper price band of ₹100 per share. The grey market is an unauthorized market where trading of a company's shares begins even before their official listing.
