Groww IPO Details:
Billionbrains Garage Ventures, the parent company of the popular Indian online investment platform Groww, has announced the price band for its initial public offering (IPO) at ₹95–₹100 per equity share.
The IPO, structured as a book-built issue worth ₹6,632.3 crore, includes two components:
- A fresh issue of 106 million equity shares amounting to ₹1,060 crore, and
- An offer for sale (OFS) of 557.2 million equity shares valued at ₹5,572.3 crore.
Prominent investors participating in the OFS include Peak VI Partners Investments, YC Holdings II, Ribbit Capital V, GW-E Ribbit Opportunity V, Internet Fund VI, Kauffman Fellows Fund, Alkeon Innovation Master Fund, Propel Venture Partners, and Sequoia Capital Global Growth Fund III.
Here are the key details of Groww IPO:
Groww IPO key dates
According to the RHP, the issue will open for subscription on Tuesday, November 4, 2025, and close on Friday, November 7, 2025. The anchor investor period shall be one day prior to the opening date, i.e. Monday, November 3, 2025. The basis of allotment of shares is likely to be finalised on Monday, November 10, 2025. The stock will be listed on the National Stock Exchange (NSE) and BSE, tentatively on Wednesday, November 12, 2025.
Groww IPO lot size
The lot size for an application is 150 shares. Accordingly, a retail investor would require a minimum investment amount of ₹15,000 to bid for one lot or 150 shares at the upper end price, and in multiples thereafter.
Groww IPO registrar, lead manager
MUFG Intime India is the registrar of the issue. Kotak Mahindra Capital Company, JP Morgan India, Citigroup Global Markets India, Axis Capital, and Motilal Oswal Investment Advisors are the book-running lead managers.
Groww IPO objective
According to the RHP, the company plans to utilise ₹152.5 crore from the net fresh issue proceeds for the expenditure towards cloud infrastructure, and ₹225 crore for brand building and performance marketing activities. Additionally, ₹205 crore will be used for investment in one of its material subsidiaries, GCS, an NBFC, for augmenting its capital base, and ₹167.5 crore for investment in another subsidiary, GIT, for funding its MTF business. The remaining funds will be used for funding inorganic growth through unidentified acquisitions and general corporate purposes.
Groww IPO GMP
On Thursday, the unlisted shares of Groww were trading at ₹110.5, commanding a premium of ₹10.5 or 10.5 per cent against the upper end price of ₹100.
