Groww IPO Details
The Groww IPO is a book build issue with a total issue size of ₹6632.3 cr, comprising of fresh issue of 106000000 equity shares., and a offer for sale of 557230051 equity shares. Groww IPO opened for subscription on Nov 04, 2025 and closed on Nov 07, 2025. Groww IPO is set price band at ₹95 to ₹100 per share, with a lot size of 150 shares. Minimum investment for Retail investors was ₹15,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Nov 10, 2025, and listed on both the NSE and BSE on Nov 12, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. 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 Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Groww IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 95 – 100
- Lot Size
- 150
- Issue Size
- ₹6632.3 Cr
- Minimum Investment
- ₹15000 (150 Shares)
- Listing Date
- 12 November 2025
Current GMP
₹5 (+5.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
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
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 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 .
The Groww IPO opens on Tue, Nov 4, 2025 and closes on Fri, Nov 7, 2025
Groww IPO Price Band is ₹95 to 100 per share.
Groww IPO lot size is 150 shares, Retail investors need a minimum investment of ₹15000 based on the upper price band
The minimum investment for Groww IPO is ₹15000, based on one lot of 150 shares at the upper price band of ₹100 per share.
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.
Groww IPO issue size is ₹6632.3 crores.
Groww IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.