Billionbrains Garage Ventures (Groww) IPO to Open on November 4

Bengaluru, October 30: Billionbrains Garage Ventures Pvt Ltd, the parent company of investment platform Groww has announced that its IPO will open for subscription on November 4. The issue size for the IPO is ₹6,632.30 crore. Groww IPO will include a combination of fresh issue of 10.60 crore shares aggregating to ₹1,060.00 crore, and an offer for sale of 55.72 crore shares aggregating to ₹5,572.30 crore. The Groww IPO opens on November 4, and will close on November 7. The share allotment for the IPO of Groww is expected on November 10, with credit of shares and refund initiation expected on November 11.

Billionbrains Garage Ventures Pvt Ltd is an investment software company that operates the investment platform Groww. It was established in 2017, and is headquartered in Bengaluru, Karnataka.

Key Details About Groww IPO

Groww IPO price band is between ₹95 to ₹100 per share. The lot size is 150 shares per application, with a minimum investment amount by a retail investor at ₹15,000 (150 shares) at the upper price band. The lot size investment for sNII is 14 lots (2,100 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (10,050 shares), amounting to ₹10,05,000. Kotak Mahindra Capital Co.Ltd. is the book running lead manager while MUFG Intime India Pvt.Ltd. is the registrar of the issue.

For the IPO of Groww, the anchor book will open on November 3. The company has reserved up to 75% of the IPO is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 10% for retail investors.

Brand Building and Performance Marketing Key Fundraising Motive

Billionbrains Garage Ventures Pvt Ltd will use ₹225 crore for brand building and performance marketing, and ₹205 crore to strengthen the capital base of subsidiary Groww Creditserv Technology. Additionally, it will use ₹152.5 crore for cloud infrastructure expansion, and ₹167.5 crore for the margin trading facility business under Groww Invest Tech.

Details About Groww’s Financial Performance

For Q1 FY26 (quarter ended June 2025), the company reported a net profit of ₹378.4 crore, up 11.9% Yo. However, its revenue declined 9.6% to ₹904.4 crore. For the full FY25, it posted a profit of ₹1,824.4 crore compared with a loss of ₹805.5 crore in FY24. Its revenue surged 49.5% to ₹3,901.7 crore from ₹2,609.3 crore.

Groww IPO is one of the most significant IPOs for the new-age investment platforms. The company has showcased a good turnaround in its financials. Investors will be waiting to track the anchor book to understand the demand for the Groww IPO in the coming days.

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