MUMBAI, 30 OCTOBER, 2025 (GPN/ SACHIN MURDESHWAR 📞8108510506): Indian online investment platform, Groww parent Billionbrains Garage Ventures Limited Rs 6,632 crore IPO would open for public subscription on Tuesday, November 4 and close on Friday, November 7. The Anchor book will open on Monday, November 3. The IPO price band is set at Rs 95 – 100 per share.The IPO comprises a fresh issue of equity shares worth Rs 1,060 crore along with an Offer For Sale (OFS) component of 574,190,754 equity shares by promoters and investor shareholders.
The floor price and the cap price are 47.50 times and 50 times the face value of the equity shares. The Groww IPO lot size is 150 equity shares and in multiples of 150 equity shares thereafter.Groww IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors.
Promoters including Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh hold 28.04 percent stake in Groww, while public shareholders own 71.96 percent shareholding in the company.As a part of the OFS, the company’s promoters each offering up to 1 million shares, besides, investors such as Peak XV Partners Investments VI-1, YC Holdings II, Ribbit Capital V, GW-E Ribbit Opportunity V, Internet Fund VI Pte. Ltd., and Kauffman Fellows Fund, L.P are offloading shares.
The Bengaluru-based firm intends to generate Rs 1,060 crore by issuing new shares, while current investors will offload 55.72 crore shares via an offer for sale.
Of the fresh issuance, Rs 225 crore will be used for brand building and performance marketing activities, and Rs 205 crore will be invested in Groww Creditserv Technology Private Limited (GCS), the NBFC arm, to augment its capital base.Additionally, Rs 167.5 crore will be infused into Groww Invest Tech Private Limited (GIT) for funding its Margin Trading Facility (MTF) business, while Rs 152.5 crore has been earmarked towards strengthening cloud infrastructure. The balance will be utilised for funding inorganic growth through acquisitions and for general corporate purposes.
Bengaluru, headquartered Groww filed draft papers in May with markets regulator Sebi for an IPO through a confidential pre-filing route and had received Sebi’s approval in August.Groww opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the DRHP until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO plans.
On the financial front the Groww parent recorded net profit at Rs 378.4 crore for the quarter ended June 2025, rising 11.9 percent compared to Rs 338 crore in same period last year, but revenue during the same period declined 9.6 percent to Rs 904.4 crore, against Rs 1,000.8 crore.
Groww achieved a net profit of Rs1,824 crore in FY25, marking a significant recovery from a loss of Rs 805 crore in FY24, while revenues rose 49.5 percent YoY to Rs 3,901.7 crore, Up from Rs 2,609.3 crore. In Q1 FY26, the company recorded revenues of Rs 904 crore and a profit of Rs 378 crore, highlighting its robust growth.By June 2025, Groww had 12.6 million active clients on the NSE, which equates to a 26.3% market share among retail investors.
The company shows a grey market premium GMP) of Rs 10 apiece, suggesting 10 per cent upside over the upper end of the price band. Kotak Mahindra Capital Company, JP Morgan India, Citigroup Global, Axis Capital and Motilal Oswal Financial Services are the booking running lead managers for the IPO, while MUFG Intime India has been appointed as the registrar for the issue. Shares of the company shall be listed on both NSE and BSE on Wednesday, November 12.
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