Groww IPO: Founders to Earn ₹40 Crore from OFS as IPO Opens on November 4

Bengaluru, October 30, 2025: Billionbrains Garage Ventures Pvt Ltd, the parent company of investment platform Groww, will open its IPO on November 4. 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 Details About Selling Founders

Under the OFS, Groww’s four co-founders, Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, will each sell 10 lakh shares in the offer-for-sale. The overall sale will account for ₹40 crore combined at the upper price band of ₹100 per share. Based on historical acquisition cost, Lalit Keshre will have a 4,950% gain, Harsh Jain will have a 4,119% gain, Ishan Bansal will have a 3,044% gain, and Neeraj Singh will have a 3,837% gain.

Key Details About Groww IPO

Groww IPO price band is set 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.

Groww’s Financial Performance at a Glance

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.

The share sale by the company’s four co-founders is aimed at realising gains from their early investments, with each expected to benefit substantially from the Offer for Sale (OFS). The company will open its anchor book on November 3, seeking participation from marquee institutional investors ahead of the IPO launch.

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