Groww IPO: Anchor Book Attracts ₹50,000 Crore, Sequoia Capital and SBI MF Among Key Investors

Bengaluru, November 3: The Groww IPO (Billionbrains Garage Ventures Pvt Ltd) conti͏nues to dr͏aw strong investor interest͏, havi͏ng͏ re͏ceived bids worth ₹50,000 crore ͏in its anch͏o͏r boo͏k ͏so ͏far͏. The tranche,͏ orig͏inally se͏t ͏at ₹3,000 c͏ro͏re, has bee͏n oversubscribe͏d 1͏5 times͏, ͏reflecting r͏obust demand. The anchor book ͏has attrac͏te͏d participation͏ ͏from m͏ajor domestic and global investors͏, including SBI Mutual Fund͏, ͏Se͏qu͏oia͏ Capital, Dr͏ag͏oneer In͏ve͏s͏tmen͏t G͏roup, and ͏Coatue Managemen͏t

Key Details About Groww IPO

The ₹6,632.30 crore Groww IPO is 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. Groww’s founders will earn around ₹40 crore from the OFS. Groww IPO price band is set between ₹95 and ₹100 per share. The lot size is 150 shares per application, with a minimum investment amount by a retail investor of ₹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. Groww IPO share allotment is expected on November 10, while the company will credit the shares and initiate refunds on November 12. The shares of the company are expected to be listed on NSE and BSE on November 12.

Groww’s Financial Performance Highlights

For Q1 FY26 (quarter ended June 2025), the company reported a net profit of ₹378.4 crore, up 11.9% YoY. 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.

What’s Ahead For Groww IPO?

The Groww IPO is witnessing strong demand from anchor investors ahead of its public subscription. The high participation indicates significant institutional interest in the offering. Retail investors will now look forward to November 4, when the IPO opens for subscription.

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