Groww IPO Details
The key details of Billionbrains Garage Ventures’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹6,632.30 Cr |
| Price Range | ₹95 - ₹100 |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 150 |
| Investment (cut-off price) | ₹15,000 |
| Pre IPO Promotor Holding | 28% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Groww IPO Timelines
The IPO process for Billionbrains Garage Ventures includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
04/11/2025
Start Date07/11/2025
End Date11/11/2025
Refund Initiation11/11/2025
Credit of Shares to Demat Ac12/11/2025
Listing DateGroww IPO Lot Size
The Billionbrains Garage Ventures IPO has a fixed lot size of 150 shares, at an upper price band of ₹100 per share. For retail investors, the minimum application is 150 shares (1 lot) amounting to ₹15,000, while the maximum is 1,950 shares (13 lots) worth ₹1,95,000. For Small HNI (S-HNI) investors, the minimum application is 2,100 shares (14 lots) worth ₹2,10,000, while the maximum is 9,900 shares (66 lots) amounting to ₹9,90,000. Big HNI (B-HNI) investors need to apply for at least 10,050 shares (67 lots), totaling ₹10,05,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 150 | ₹15,000 |
| Retail Maximum | 13 | 1950 | ₹1,95,000 |
| S-HNI Minimum | 14 | 2100 | ₹2,10,000 |
| S-HNI Maximum | 66 | 9900 | ₹9,90,000 |
| B-HNI Minimum | 67 | 10050 | ₹10,05,000 |
Groww IPO Subscription Status
The subscription status for Billionbrains Garage Ventures IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Groww IPO Company Financials
Billionbrains Garage Ventures reports robust performance in FY2025 with Total Income of ₹4,061.65 crores, managing expenses at ₹1596.49 crores, and achieving a strong PAT (Profit After Tax) of ₹1,824.37 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹1,260.96 | ₹757.12 | ₹457.72 |
| FY 2024 | ₹2,795.99 | ₹2068.11 | -₹805.45 |
| FY 2025 | ₹4,061.65 | ₹1596.49 | ₹1,824.37 |
| FY 2026 (3 M) | ₹948.47 | ₹444.67 | ₹378.37 |
About Company
Incorporated in 2017 and headquartered in Bengaluru, Groww is a fintech company that provides a direct-to-customer digital investment platform, enabling retail investors to access a wide range of wealth creation opportunities. Through its popular mobile app, users can invest in mutual funds, stocks, futures and options (F&O), exchange-traded funds (ETFs), initial public offerings (IPOs), digital gold, and U.S. stocks. The platform is particularly well-regarded among mutual fund investors for its user-friendly interface and seamless investment experience.
Beyond traditional investment offerings, Groww has expanded into value-added services such as Margin Trading Facility (MTF), algorithmic trading, New Fund Offers (NFOs), and credit solutions. Its business model focuses on growing its customer base while deepening relationships with existing users through diversified financial products. The company operates across two main verticals—broking services (stocks and derivatives) and products (mutual funds, MTF, credit, and Groww AMC). As of June 30, 2025, Groww employed 1,415 people.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2017 | Finance | Lalit Keshre |
Know Before Investing
Groww IPO Strengths
- The company attracts 83% of its clients organically, demonstrating powerful word-of-mouth and a trusted reputation.
- Groww services users across 98% of India’s pincodes, ensuring broad geographic coverage and deep market penetration.
- More than 77% of users remain active after three years, showcasing strong engagement and loyalty.
- The platform is fully digital with paperless onboarding, intuitive interface, and seamless transaction processing, appealing to first-time and seasoned investors.
- Global names like Satya Nadella, Microsoft, Tiger Global, and others have invested in Groww, lending high credibility and market confidence.
- Groww offers mutual funds, stocks, ETFs, FDs, and more, catering to varied investor needs and increasing wallet share.
Groww IPO Risks
- The industry is facing increased oversight especially in F&O trading, which may impact business model and growth rates.
- Revenue can be volatile if market activity declines, affecting commissions and fee income.
- Heavy activity among urban millennials and first-time investors means platform performance depends on trends in these demographics.
- Digital infrastructure entails risks of outages, data breaches, and cyber threats.
- Periods of low investor optimism can reduce trading and asset inflows, affecting growth and profitability.
- Rapid user growth and expansion require efficient liquidity management to avoid stress if payments or collections slow.
- Planned acquisitions may carry integration risks and uncertainty if target companies do not align with Groww’s strategy.
Swot Analysis for Groww IPO
Strengths
Pan-India Reach, Aggressive Diversification, Product Simplicity
Weaknesses
Profitability Volatility, Urban Bias in Advanced Products, Customer Support Challenges
Opportunities
Rising Financial Literacy, Digital Ecosystem Boom, AI & Personalization
Threats
Regulatory Headwinds, Market Volatility, Churn in Active Users
Company 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 Registar Details
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: groww.ipo@in.mpms.mufg.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
The key objectives of Groww IPO are:
- Expenditure towards cloud infrastructure
- Brand building and performance marketing activities
- Investment in one of the Material Subsidiaries, GCS, an NBFC, for augmenting its capital base
- Investment in one of the Material Subsidiaries, GIT, for funding its MTF business
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Kotak Mahindra Capital Co. Ltd. , JP Morgan India Pvt. Ltd. , Citigroup Global Markets India Pvt. Ltd. , Axis Capital Ltd. , Motilal Oswal Investment Advisors Ltd. are the book-running lead managers for the Groww IPO.
Groww IPO holds strong growth potential driven by India’s expanding retail investment base, rising financial awareness, and its 26% NSE market share with 12.6 million active clients. Its technology-first approach, deep investor reach, and strong institutional backing position it for sustained long-term scalability and profitability.
The issue price for the Groww IPO is set between ₹95 to ₹100 per share.
To invest in one lot of Groww IPO, you need ₹14,250 at the lower price band (₹95 per share) or ₹15,000 at the upper price band (₹100 per share) for a lot size of 150 shares.
Groww IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 12, 2025.
Refund/unblocking of funds for Groww IPO will begin on November 11, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Groww IPO shares on listing day (November 12, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.