Groww IPO
Open MainLineCurrent GMP
₹5 (+5.00%)
Price Band
₹ 95 – 100
Lot Size
150
Issue Size
₹6632.3 Cr
Minimum Investment
₹15000 (150 Shares)
Listing Date
12 November 2025
Subscription
17.6x
About the Company
Incorporated: 2017
Headquarters: Bengaluru, India
Industry: Financial Technology (Fintech)
Groww is a Bengaluru-based fintech company that provides a direct-to-customer digital investment platform, enabling retail investors to access a wide range of wealth creation opportunities. The platform simplifies investing by offering multiple financial products and services through an intuitive digital interface.
Products and Services
Groww’s platform allows users to invest across a comprehensive suite of financial instruments, including:
- Mutual Funds
- Stocks and Derivatives (F&O)
- Exchange-Traded Funds (ETFs)
- Initial Public Offerings (IPOs)
- Digital Gold
- U.S. Stocks
The Groww mobile app is particularly popular among mutual fund investors for its simplicity, transparency, and user-friendly experience.
In addition to its core investment services, Groww offers value-added features such as:
- Margin Trading Facility (MTF)
- Algorithmic Trading
- New Fund Offers (NFOs)
- Credit Solutions
Business Model
Groww operates on a direct-to-customer (D2C) model, focused on:
- Expanding its customer base, and
- Deepening customer engagement through a diverse range of financial products and personalized investment tools.
Its ecosystem combines technology, data analytics, and financial expertise to enhance customer experience and drive long-term retention.
Product Segments
Groww’s offerings can be broadly classified into:
- Broking Services: Stocks and Derivatives
- Investment Products: Mutual Funds, Margin Trading Facility (MTF), Credit, and Groww AMC (Asset Management Company)
Workforce
As of June 30, 2025, Groww employed 1,415 professionals, supporting its technology development, customer service, operations, and financial advisory functions.
Promoters
- Lalit Keshre
- Harsh Jain
- Ishan Bansal
- Neeraj Singh
Promoters Holding
Holding Pre Issue
28.00%
Holding Post Issue
27.81%
Objects of the Issue
The Company Billionbrains Garage Ventures IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Expenditure towards cloud infrastructure
- Brand building and performance marketing activities
- Investment in one of our Material Subsidiaries, Groww Creditserv Technology Private Limited (“GCS”), an NBFC, for augmenting its capital base
- Investment in one of our Material Subsidiaries, Groww Invest Tech Private Limited (“GIT”), for funding the MTF business
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Address / Contact Info
Billionbrains Garage Ventures Ltd.
Vaishnavi Tech Park,
South Tower, 3rd Floor
Sarjapur Main Road, Bellandur
Bangalore Urban, Karnataka, 560103
Phone: +91 80 6960 1300
Email: corp.secretarial@groww.in
Website: http://www.groww.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 04 November 2025
IPO Close Date
Friday, 07 November 2025
Basis of Allotment
Monday, 10 November 2025
Initiation of Refunds
Tuesday, 11 November 2025
Credit of Shares to Demat
Tuesday, 11 November 2025
Listing Date
Wednesday, 12 November 2025 — NSE & BSE
Important Dates
Open Date
04 November 2025
Close Date
07 November 2025
Basis Of Allotment
10 November 2025
Listing Date
12 November 2025
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2025 | 31 Mar 2025 | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|---|
| Assets | 12713.18 | 10077.31 | 10819.1 | 8017.97 | 4807.78 |
| Revenue | 948.47 | 4061.65 | 1047.58 | 2795.99 | 1260.96 |
| Profit After Tax | 378.37 | 1824.37 | 338.01 | -805.45 | 457.72 |
| Net Worth | 5995.45 | 4855.35 | 2886.28 | 2542.64 | 3316.75 |
| Reserve & Surplus | 5506.78 | 3251.92 | 2821.41 | 2477.76 | 4445.63 |
| Total Borrowings | 324.08 | 351.99 | 117.66 | 24.06 | 0 |
EPS Pre
3.01%
EPS Post
2.45%
P/E Pre
33.26
P/E (Post Issue)
40.79x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 0 | 0 | 0 |
| ROCE % | 0 | 0 | 0 |
| Debt / Equity | 0 | 0 | 0 |
| RoNW % | 37.57 | -31.66 | 13.8 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 44.92 | -28.81 | 36.3 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 198969015 | 54.55 | 0 |
| Non-Institutional | 99484508 | 27.27 | 0 |
| BNII | 66323005 | 18.18 | 0 |
| SNII | 33161503 | 9.09 | 0 |
| Retail Investors | 66323005 | 18.18 | 0 |
| Total | 364776528 | 100 | 0 |
Subscription Status ( Fri, 07 Nov 25 01:40 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 198969016 | 4380379950 | 22.02x |
| Non-Institutional | 99484507 | 1412899200 | 14.2x |
| BNII | 66323005 | 1079837100 | 16.28x |
| SNII | 33161502 | 333062100 | 10.04x |
| Retail Investors | 66323005 | 625421250 | 9.43x |
| Total | 364776528 | 6418700400 | 17.6x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Billionbrains Garage Ventures Ltd | 2 | 0.00 | 3.34 | 3.19 | 37.57 | 8.89 |
| Angel One Limited | 10 | 19.80 | 130.05 | 126.82 | 20.85 | 623.72 |
| Motilal Oswal Financial Services Limited | 1 | 24.88 | 41.83 | 41.00 | 22.64 | 185.24 |
| 360 One WAM Limited | 1 | 45.20 | 27.14 | 26.08 | 14.37 | 188.89 |
| Nuvama Wealth Management Limited | 10 | 26.85 | 47.25 | 47.25 | 29.30 | 161.25 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 150 | 15,000.00 |
| Retail (Max) | 13 | 1,950 | 195,000.00 |
| S-HNI (Min) | 14 | 2,100 | 210,000.00 |
| S-HNI (Max) | 66 | 9,900 | 990,000.00 |
| B-HNI (Min) | 67 | 10,050 | 1,005,000.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Citigroup Global Markets India Private Limited
- Axis Capital Limited
- J.P. Morgan India Private Limited
- Kotak Mahindra Capital Company Limited
- Motilal Oswal Investment Advisors Pvt Ltd
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Groww IPO is a Book-building IPO worth ₹6632.3 crores. The price band is ₹95 to 100 per share. The IPO opens on Tue, Nov 4, 2025 and closes on Fri, Nov 7, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Groww IPO opens on Tue, Nov 4, 2025 and closes on Fri, Nov 7, 2025
Groww IPO Price Band is ₹95 to 100.
Groww IPO lot size is 150, and the minimum amount required for application is ₹15000.
The minimum investment for Groww IPO is approximately ₹15000 based on the upper price band.
To apply for the Groww IPO , investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Nov 7, 2025. After submission, funds are blocked until the basis of allotment of Groww IPO is finalised.
Groww IPO issue size is ₹6632.3 crores.
Groww IPO allotment date is Sat, Jun 27, 2026.
The registrar for Groww IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Groww IPO through their official website or helpline.
The Groww IPO GMP (Grey Market Premium) is ₹5 as of Wed, Nov 12, 2025. Based on the upper price band of ₹100 per share, the estimated Groww IPO listing price is ₹105, indicating a potential listing gain of approximately 31% over the issue price.