Billionbrains Garage Ventures Ltd, the parent company of Groww, has unveiled plans for its upcoming initial public offering (IPO) scheduled to open for public subscription on November 4, 2025. The IPO is valued at Rs 6,632.30 crore and will conclude on November 7, 2025.
The Groww IPO comprises a fresh issue of 10.60 crore shares valued at Rs 1,060 crore and an offer for sale (OFS) of 55.72 crore shares totaling Rs 5,572.30 crore. Following the subscription period, the basis of allotment will be determined by November 10, 2025. The shares are anticipated to be listed on both the BSE and NSE on November 12, 2025.
The IPO price band has been set between Rs 95 and Rs 100 per share. Retail investors can subscribe in lots of 150 shares, requiring a minimum investment of Rs 15,000 at the higher price band.
Small non-institutional investors (sNII) must apply for a minimum of 14 lots, equivalent to 2,100 shares valued at Rs 2,10,000. Large non-institutional investors (bNII) need to invest in 67 lots, totaling 10,050 shares, amounting to Rs 10,05,000.
As of October 30, 2025, at 1:33 PM, the grey market premium (GMP) for Groww IPO stood at Rs 11. With the upper price band set at Rs 100, the projected listing price is estimated to be around Rs 111, indicating a potential listing gain of approximately 11%.
Established in 2017, Groww is a fintech company based in Bengaluru that functions as a direct-to-customer digital investment platform. It enables retail investors to venture into various financial products, including mutual funds, stocks, ETFs, IPOs, digital gold, and U.S. stocks. The company’s mobile application has gained popularity among novice and young investors in India.
Apart from its core services, Groww also provides Margin Trading Facility (MTF), algorithmic trading tools, New Fund Offers (NFOs), and credit solutions.
The company was founded by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, who remain its promoters.
Proceeds from the IPO, as outlined in the company’s prospectus, will be allocated to various objectives. These include cloud infrastructure expenses, brand building, capital enhancement for its NBFC subsidiary GCS, funding MTF business for GIT, potential acquisitions, and general corporate requirements.
The Groww IPO is expected to garner significant investor interest due to its prominent presence in India’s online investment sector and its appeal to retail investors.