Groww IPO: Online Investment Platform Announces Price Band, Issue Size, Dates And Other Key Details

Groww IPO GMP: Groww IPO (Billionbrains Garage Ventures Private Ltd) has announced the price band for its public issue. The online investment platform’s public issue is set to open in the first week of November. Here’s a look at some key details related to Groww IPO:

Groww IPO: Offer Size and Price Band

Groww aims to raise Rs 6,632.3 crore through a fresh issue of 106 million shares aggregating to Rs 1,060 crore and an offer for sale of 55.72 crore shares aggregating to Rs 5,572.3 crore. The price band for Groww IPO has been fixed at Rs 95 to Rs 100 per share.

Groww IPO GMP

The grey market premium for Groww shares is Rs 10 per share on October 30. Groww shares can make a decent listing with a premium of 10 per cent at Rs 110 apiece based on the GMP.

Groww IPO: Lot Size and Minimum Investment

Groww IPO lot size is 150 shares, leading to minimum investment of Rs 15,000 per lot for the retail category. The minimum lot size for small non-institutional investors is 14 lots or 2100 shares amounting to Rs 2,10,000, and for big non-institutional investors it is 67 lots leading to a minimum investment of Rs 10,05,000.

Groww IPO: Reservation

Billionbrains Garage Ventures Ltd has reserved 75 per cent for the qualified institutional buyer category, 15 per cent for the non-institutional investor category and 10 per cent of the net issue for retail investors.

Groww IPO Details: Subscription Window, Allotment Date

Groww IPO subscription window is scheduled to open on November 4 and will close on November 7. Groww IPO share allotment status will be announced on November 10. Post the announcement of the share allotment status of Groww IPO, unsuccessful bidders will receive refunds on November 11. Groww’s shares will be listed on the NSE and BSE. The tentative listing date for Billionbrains Garage Ventures Ltd shares is November 12.

Groww: Key Financials

Billionbrains Garage Ventures Ltd’s total income for the quarter ended June 30 stood at Rs 948.47 crore, the profit-after-tax of the company stood at Rs 378.37 crore. The net worth of the online investment platform’s parent company stood at Rs 5,995.45 crore in the quarter under review.

In the fiscal ended March 31, 2025 Groww’s total income surged by over 45 per cent to Rs 4061.65 crore compared to Rs 2795.99 crore in the fiscal ended March 31, 2024. Groww posted a net profit of Rs 1,824.37 crore against a net loss of Rs 805.45 crore in the preceding fiscal. The net worth of Groww Ltd increased by over 90 per cent to Rs 4855.35 crore in FY25 compared to Rs 2542.64 crore in FY24.

Groww IPO: Registrar

The registrar for Groww IPO is MUFG Intime India Pvt.Ltd and the book running lead manager for the public issue is Kotak Mahindra Capital Co.Ltd.

Groww: Promoters

The promoters of Billionbrains Garage Ventures Ltd, Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh will participate in the share-sale. Prior to the public issue, the promoters held 28 per cent stake in the company.

Groww IPO: Objective

Billionbrains Garage Ventures Ltd plans to use the proceeds of the public issue for setting up cloud infrastructure. The funds will also be used for undertaking brand-building and marketing activities. The company will also invest in its subsidiaries GCS and GIT. The proceeds will also be used for funding acquisitions and general corporate purposes.

About Billionbrains Garage Ventures Ltd

Billionbrains Garage Ventures Ltd (Groww) is a fintech company which serves retail investors vis-a-vis a direct-to-customer digital investment platform. The company offers multiple financial products and services which enable investment in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and U.S. stocks.