Groww IPO
GMP, Subscription, Price, Dates & Financial Details
Fintech
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…
Open Date
Tue, 04 Nov 2025
Close Date
Fri, 07 Nov 2025
Price Band
₹ 95 – 100
Lot Size
150
Issue Size
₹ 6,632.30 Cr
Minimum Investment
₹ 15,000 (150 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Groww IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹6,632.30 Crore, comprising a fresh issue of 10.60 Crore equity shares aggregating to ₹1,060.00 Crore and an offer for sale (OFS) of 55.72 Crore equity shares aggregating to ₹5,572.30 Crore by the existing shareholders.
The Groww IPO remained open for subscription from November 04, 2025, to November 07, 2025. The basis of allotment was finalized on November 10, 2025, and the company's shares were listed on the NSE and BSE on November 12, 2025.
The company had fixed the price band at ₹95 to ₹100 per share, with a lot size of 150 shares. Retail investors were required to make a minimum investment of ₹15,000 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Citigroup Global Markets India Private Limited, Axis Capital Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, and Motilal Oswal Investment Advisors Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Billionbrains Garage Ventures Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Groww IPO Timeline (Tentative)
- IPO Open Date
- Tue, 04 Nov 25
- IPO Close Date
- Fri, 07 Nov 25
- Basis of Allotment
- Mon, 10 Nov 25
- Initiation of Refunds
- Tue, 11 Nov 25
- Credit of Shares to Demat
- Tue, 11 Nov 25
- Listing Date
- Wed, 12 Nov 25 — NSE & BSE
Open Date
04 November 2025
Close Date
07 November 2025
Basis Of Allotment
10 November 2025
Listing Date
12 November 2025
IPO Subscription
Check Live Subscription →The Groww IPO has received bids for 6,41,87,00,400 shares against 36,47,76,528 shares offered, resulting in an overall subscription of 17.6x. the NII category is subscribed 14.2x, Retail Investors 9.43x, and QIBs 22.02x. Within the NII category, BNII is subscribed 16.28x, while SNII is subscribed 10.04x.
QIB
22.02x
NII
14.2x
BNII
16.28x
SNII
10.04x
RII
9.43x
Total
17.6x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 6,63,23,005 shares, representing 18.18% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 19,89,69,015 shares (54.55%), while Non-Institutional Investors (NIIs) receive 9,94,84,508 shares (27.27%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 198,969,015 | 54.55% |
| Non-Institutional | 99,484,508 | 27.27% |
| BNII | 66,323,005 | 18.18% |
| SNII | 33,161,503 | 9.09% |
| Retail Investors | 66,323,005 | 18.18% |
| Total | 364,776,528 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Billionbrains Garage Ventures Limited KPI Information
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| RoNW % | 37.57 | -31.66 | 13.8 |
| Pat Margin % | 44.92 | -28.81 | 36.3 |
Peers Comparison
| 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 |
About Billionbrains Garage Ventures Limited
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.
Groww IPO Promoters
- Lalit Keshre
- Harsh Jain
- Ishan Bansal
- Neeraj Singh
Promoters Holding
Holding Pre Issue
28.00%
Holding Post Issue
27.81%
Groww IPO Objective
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
Billionbrains Garage Ventures Limited Address / Contact Details
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
Groww IPO Lot Size
The Groww IPO has a lot size of 150 shares. Retail investors require a minimum investment of ₹15,000 by applying for 1 lot (150 shares). The maximum application allowed for the retail category is 13 lots (1,950 shares), requiring an investment of ₹1,95,000.
| 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 |
Issue Reservation
- QIB — 54.55%
- NII — 27.27%
- RII — 18.18%
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 Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Groww IPO?
Groww IPO is a Book-building IPO with a total issue size of ₹6632.3 crore. The Groww IPO price band is ₹95 to 100 per share. The Groww IPO subscription opens on Tue, Nov 4, 2025, and closes on Fri, Nov 7, 2025. The Groww IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Groww IPO.
When will the Groww IPO open for subscription?
The Groww IPO opens on Tue, Nov 4, 2025 and closes on Fri, Nov 7, 2025
What is Groww IPO Price Band?
Groww IPO Price Band is ₹95 to 100 per share.
What is Groww IPO Lot Size?
Groww IPO lot size is 150 shares, Retail investors need a minimum investment of ₹15000 based on the upper price band
What is the minimum investment for Groww IPO?
The minimum investment for Groww IPO is ₹15000, based on one lot of 150 shares at the upper price band of ₹100 per share.
How to apply for Groww IPO?
Investors can apply for the Groww IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Nov 7, 2025. The application amount remains blocked until the Groww IPO allotment is finalized.
What is Groww IPO Issue Size?
Groww IPO issue size is ₹6632.3 crores.
What is the Groww IPO Allotment Date?
Groww IPO allotment date is Mon, Nov 10, 2025.
Who is the Groww IPO Registrar?
The registrar for Groww IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Groww IPO allotment status, refund processing, and other IPO-related information.
What is the Groww IPO GMP?
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 5.00% over the issue price.
Who is the Groww IPO Lead Manager?
The book-running lead managers (BRLMs) for the Groww IPO are Citigroup Global Markets India Private Limited, Axis Capital Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, and Motilal Oswal Investment Advisors Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Groww IPO Red Herring Prospectus (RHP).