Groww (Billionbrains Garage) IPO Details
MAINBOARD
Groww (Billionbrains Garage) IPO opens for subscription on 04 Nov 2025 and closes on 07 Nov 2025. The IPO will be listed on NSE, BSE with the tentative listing date set for 12 Nov 2025.
Groww (Billionbrains Garage) IPO price band has been fixed at ₹95 – ₹100 per share.The face value is ₹2 per share with a lot size of 150.
Groww (Billionbrains Garage) IPO total issue size comprises 66,32,30,051 shares (aggregating up to ₹6632.30 Cr). This includes a fresh issue of 10,60,00,000 shares (aggregating up to ₹1060.00 Cr). Offer for Sale consists of 55,72,30,051 shares (aggregating up to ₹5572.30 Cr).
Groww (Billionbrains Garage) IPO carries a ₹5 (5%) GMP, reflecting investor sentiment.
Groww (Billionbrains Garage) IPO Lot Size : Retail Minimum is 1 lot (150 shares) amounting to ₹15,000. Retail Maximum is 13 lots (1,950 shares) amounting to ₹195,000. SHNI Minimum is 14 lots (2,100 shares) amounting to ₹210,000. SHNI Maximum is 66 lots (9,900 shares) amounting to ₹990,000. BHNI Minimum is 67 lots (10,050 shares) amounting to ₹1,005,000.
The Lead Managers for Groww (Billionbrains Garage) IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Kotak Mahindra Capital Company Ltd, JP Morgan India Pvt Ltd, Citigroup Global Markets India Pvt Ltd, Axis Capital Ltd, Motilal Oswal Investment Advisors Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Billionbrains Garage Ventures Limited RHP.
Groww (Billionbrains Garage) IPO Details
Groww (Billionbrains Garage) IPO Subscription
Groww (Billionbrains Garage) IPO Application Wise Breakup (Approx)
Groww (Billionbrains Garage) IPO Dates
- 04 Nov 2025Opening dateOpen
- 07 Nov 2025Closing dateClose
- 10 Nov 2025Allotment Date Allotment
- 11 Nov 2025Initiation of RefundsRefund
- 11 Nov 2025Credit of SharesCredit
- 12 Nov 2025Listing dateListing
Groww (Billionbrains Garage) IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 150 | ₹15,000 |
| Retail Maximum | 13 | 1950 | ₹195,000 |
| SHNI Minimum | 14 | 2100 | ₹210,000 |
| SHNI Maximum | 66 | 9900 | ₹990,000 |
| BHNI Minimum | 67 | 10050 | ₹1,005,000 |
Groww (Billionbrains Garage) IPO Reservation
Promoter Holding
Groww (Billionbrains Garage) IPO Valuations
Groww (Billionbrains Garage) Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 12,713.18 | 10,077.31 | 10,819.10 | 8,017.97 | 4,807.78 |
| Total Income | 948.47 | 4,061.65 | 1,047.58 | 2,795.99 | 1,260.96 |
| Profit After Tax | 378.37 | 1,824.37 | 338.01 | -805.45 | 457.72 |
| EBITDA | 418.75 | 2,371.01 | 482.66 | -780.88 | 398.78 |
| NET Worth | 5,995.45 | 4,855.35 | 2,886.28 | 2,542.64 | 3,316.75 |
| Reserves and Surplus | 5,506.78 | 3,251.92 | 2,821.41 | 2,477.76 | 4,445.63 |
| Total Borrowing | 324.08 | 351.99 | 117.66 | 24.06 | |
| Amount in ₹ Crore | |||||
About Groww (Billionbrains Garage) IPO
Incorporated in 2017, Groww is a Bengaluru-based fintech company that provides retail investors direct-to-customer digital investment platform that provides wealth creation opportunities to customers through multiple financial products and services.
The company offers platform to invest in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and U.S. stocks. Its mobile app is particularly popular among mutual fund investors.
Groww also offers value-added services such as Margin Trading Facility (MTF), algorithmic trading, New Fund Offers (NFOs), and credit solutions.
Business Model
- Growing its customer base and
- Expanding its relationship with customers
Products & Services:
- Broking services which includes Stocks and Derivatives
- Products which includes Mutual Funds, MTF, Credit and Groww AMC
As of June 30, 2025, the company had 1415 employees.
Strength Of Groww (Billionbrains Garage) IPO
- "Groww" is a well-known and preferred brand for investing across cities, towns and villages in India
- We have high customer retention, engagement and price in-elasticity.
- Customer-friendly design for enhancing investing experience.
- In-house technology stack to deliver a differentiated experience at low cost.
- Entrepreneurial and ownership-driven culture.
- Strong execution delivering growth and profitability.
Risk Of Groww (Billionbrains Garage) IPO
- Any downturn or disruption of the financial markets, which are affected by general economic, policy and market conditions in India and globally, may have a material adverse effect on our business and financial condition.
- Uninterrupted access to our technology platform is essential to our business. System failures and interruptions could adversely affect the availability or performance of our website, mobile applications or platform, and thereby adversely impact our business, financial condition and results of operations.
- We derived 84.50% and 79.49% of our revenue from operations from our Broking services in Fiscal 2025 and in the three months ended June 30, 2025, respectively. Any downturn in customers' willingness to use our Broking services could have an adverse impact on our business, financial condition and cash flows.
- Changing laws, rules and regulations may adversely affect our business, prospects and results of operations.
- Our success depends on our ability to acquire and retain customers on our platform. Any failure to do so could have an adverse impact on our operations, financial condition and results of operations.
- We incurred losses in Fiscals 2024 and generated profits in Fiscal 2023, Fiscal 2025 and in the three months ending June 30, 2025 and 2024, respectively. If we are unable to generate adequate revenue growth and manage our expenses and cash flows as we grow, we may not be able to sustain our profitability.
- Any actual or perceived cybersecurity, data or privacy breach could interrupt our operations and adversely affect our reputation, brand, business, financial condition and results of operations.
- We derive a significant portion of our revenue from operations from our Material Subsidiaries, Groww Invest Tech Private Limited and Groww Creditserv Technology Private Limited. Any downturn in our subsidiaries performance could have a material adverse impact on our business, financial condition, cash flows, and results of operations.
- Our Subsidiaries have incurred losses in the past and may continue to incur losses. Further, a portion of the Net Proceeds will be invested in Groww Creditserv Technology Private Limited. We may be required to continue providing financial support to these subsidiaries which may adversely affect our consolidated results of operations and financial condition.
- We had negative cash flows from operations in the three months ended June 30, 2025 and in Fiscal 2025, and may continue to do so in the near term as we expand our business and enhance our products and services. Failure to generate sufficient cash from operations could adversely affect our liquidity and our ability to fund our operations.
Objectives Groww (Billionbrains Garage) IPO
1. Expenditure towards cloud infrastructure
2. Brand building and performance marketing activities
3. Investment in one of the Material Subsidiaries, GCS, an NBFC, for augmenting its capital base
4. Investment in one of the Material Subsidiaries, GIT, for funding its MTF business
5. Funding inorganic growth through unidentified acquisitions and general corporate purposes
Company Contact 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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Groww (Billionbrains Garage) IPO - FAQs
The Groww (Billionbrains Garage) IPO is a MAINBOARD public issue comprising 663230051 equity shares with a face value of ₹2 each, aggregating to a total issue size of ₹6632.30 Cr. The issue price has been fixed at ₹100 per equity share, and the minimum application size is 150 shares.
The IPO opens for subscription on 04 Nov 2025, and closes on 07 Nov 2025.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹5 (5%).