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HomeIPOBillionbrains Garage Ventures (Groww IPO)

About Billionbrains Garage Ventures (Groww IPO)

Start-up in 2017, Groww is a Bengaluru fintech firm that offers mutual fund, stock, F&O, ETF, IPO, digital gold, and US stock investing platforms for retail investors in India. Its mobile application is most sought after by mutual fund investors.Groww provides value-added products like Margin Trading Facility (MTF), algorithmic trading, New Fund Offers (NFOs), and credit solutions as well.Groww is now India's largest retail stockbroker in terms of active customers

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National Stock Exchange of India

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Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
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National Stock Exchange of India

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29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Billionbrains Garage Ventures (Groww IPO)

Billionbrains Garage Ventures (Groww IPO)

Open Date

04 Nov 2025

Close Date

07 Nov 2025

listed

Min Investment

₹15000

Lot Size

150 Shares

Issue Size

₹6632.3 Cr

Price Range

₹95 - ₹100

Listing Date

Nov 12, 2025

IPO Doc

RHP PDF

Billionbrains Garage Ventures (Groww IPO) IPO - Issue Objectives

1 Expenditure towards cloud infrastructure – ₹152.50 Cr 2 Brand building and performance marketing activities – ₹225.00 Cr 3 Investment in one of the Material Subsidiaries, GCS, an NBFC, for augmenting its capital base – ₹205.00 Cr 4 Investment in one of the Material Subsidiaries, GIT, for funding its MTF business – ₹167.50 Cr 5 Funding inorganic growth through unidentified acquisitions and general corporate purposes

1

Objectives

1 Expenditure towards cloud infrastructure – ₹152.50 Cr 2 Brand building and performance marketing activities – ₹225.00 Cr 3 Investment in one of the Material Subsidiaries, GCS, an NBFC, for augmenting its capital base – ₹205.00 Cr 4 Investment in one of the Material Subsidiaries, GIT, for funding its MTF business – ₹167.50 Cr 5 Funding inorganic growth through unidentified acquisitions and general corporate purposes

IPO Subscription Status

QIB
22.02x
NII
14.20x
Individual
9.43x
Total
17.60x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Billionbrains Garage Ventures (Groww IPO)

In Cr.

Key Performance Indicator30-Jun-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue948.474061.652795.991,260.96
EBITDA418.752371.01-780.88398.78
Expenses
Profit After Tax378.371824.37-805.45457.72
Assets12713.1810077.318017.974,807.78
Net Worth5995.454855.352542.643,316.75
Reserves5506.783251.922477.764,445.63
Borrowing324.08351.9924.06

Billionbrains Garage Ventures (Groww IPO) - Promoter(s)

Lalit Keshre

Harsh Jain

Ishan Bansal

Neeraj Singh

Pre Issue Share Holding

27.98%

Post Issue Share Holding

N/A

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

Strong Brand Recognition and Trust: In India, both urban and rural retail investors widely recognize and trust the brand 'Groww' for its transparency and ease of use. Customer Retention and Engagement:

02

The high retention rate and active engagement define a loyal customer base with low price sensitivity and high platform stickiness. Simple, User-Friendly Platform: Customer-oriented interface enhances access and investment experience, hence rapid adoption among first-time and tech-savvy investors.

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

Dependence on Broking Services: Broking services formed 84.50% of total operating revenue in FY

02

Thus, it has emerged that any fall in trading activity or customer preference for the same will significantly affect revenues and profitability. Technology Reliability and System Risks: It is critical that the online service delivery platform is continuously accessible. Any system failure, downtime, or cybersecurity breach could bring down this business and harm brand credibility. Market volatility may be exposed to adverse conditions due to an economic downturn, policy changes, or instability in global markets, which could hurt trading volumes and investor sentiment.

Contact Details

Billionbrains Garage Ventures (Groww IPO)

Vaishnavi Tech Park, South Tower, 3rd Floor Sarjapur Main Road, Bellandur Bangalore Urban, Karnataka - 560103

+918069601300
corp.secretarial@groww.in
http://www.groww.in/

Registrar Contact Details

MUFG Intime India Pvt. Ltd

+91-22-4918 6270
groww.ipo@in.mpms.mufg.com
https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Billionbrains Garage Ventures (Groww IPO) IPO - FAQs

Billionbrains Garage Ventures (Groww IPO) IPO is a Mainboard IPO. The issue is priced at ₹95-100 per equity share. The minimum order quantity is 150 Shares. The IPO opens on 4 Nov, and closes on 7 Nov. MUFG Intime India Pvt. Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

IPO Timeline

  • Bidding Starts04 Nov, 2025
  • Bidding Ends07 Nov, 2025
  • Allotment Finalisation10 Nov, 2025
  • Listing12 Nov, 2025