Billionbrains Garage Ventures Limited (Groww)
Bookbuilding IPO · NSE, BSE
- Price band
- ₹95 - ₹100
- Lot size
- 150 shares
- Issue amount
- ₹6,632.3 cr
- Total subscription
- 17.6×
- Opens
- 4 Nov 2025
- Closes
- 7 Nov 2025
- Allotment
- 10 Nov 2025
- Listing
- 12 Nov 2025
Offer at a glance
Issue overview
- Issue size
- 66,32,30,051 shares
- Face value
- ₹2 Per Share
- Minimum investment
- ₹14,250
- Fresh issue
- ₹1,060 cr
- Offer for sale
- ₹5,572.3 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹15,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 6,06,75,96,631
- Shares after issue
- 6,17,35,96,631
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 150 | ₹15,000 |
| sHNI | 14 | 2,100 | ₹2,10,000 |
| bHNI | 67 | 10,050 | ₹10,05,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 7 Nov 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 4,42,153 | 29,42,065 |
| HNIs(10L +) | 31,582 | 1,02,458 |
| HNIs (2-10L) | 15,791 | 1,45,756 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 1,989.69 | 43,803.8 |
| FIIs | 0 | 24,252.6 |
| FIs | 0 | 2,929.09 |
| Mutual Funds | 0 | 13,292.16 |
| Others | 0 | 3,329.94 |
| RETAIL | 663.23 | 6,254.21 |
| HNIs 2+ | 331.62 | 3,336.14 |
| HNIs 10+ | 663.23 | 10,798.37 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 0.66 | 3.34 | -1.5 | 0.86 |
| ROE | 0 | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 | 0 |
| RONW | 6.31 | 37.57 | -31.66 | 13.8 |
| PRE IPO(PE) | 0 | 33.26 | 0 | 0 |
| POST IPO(PE) | 40.79 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Billionbrains Garage Ventures Ltd | 33.26 | 0 | 2.00 | 8.89 | 37.57 | 3.34 |
| Angel One Limited | 19.8 | 0 | 10.00 | 623.72 | 20.85 | 130.05 |
| Motilal Oswal Financial Services Limited | 24.88 | 0 | 1.00 | 185.24 | 22.64 | 41.83 |
| 360 One WAM Limited | 45.2 | 0 | 1.00 | 188.89 | 14.37 | 27.14 |
| Nuvama Wealth Management Limited | 26.85 | 0 | 10.00 | 979.11 | 28.22 | 276.66 |
| Prudent Corporate Advisory Services Limited | 58.92 | 0 | 5.00 | 161.25 | 29.3 | 47.25 |
Company information
Company profile
Incorporated in 2017 and headquartered in Bengaluru, Groww is a technology-driven fintech company offering a direct-to-customer digital investment platform that helps retail investors build wealth through a wide range of financial products. Its platform allows users to invest in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and U.S. stocks through an easy-to-use mobile and web interface. The company also provides value-added services such as margin trading facilities, algorithmic trading, new fund offers, and credit-based products. Groww’s business model focuses on expanding its retail customer base and deepening engagement through diverse investment options and long-term relationships. Its offerings include stock and derivatives broking, mutual funds, margin trading, credit solutions, and asset management services under Groww AMC. As of June 30, 2025, the company employs 1,415 people and has built a strong presence across cities, towns, and villages in India, making it one of the country’s most popular digital investing platforms.
Strengths
- Strong Brand Recognition: “Groww” is a trusted name among retail investors across India, known for simplicity and transparency.
- High Customer Loyalty: Strong retention and engagement reflect user trust and low price sensitivity.
- User-Friendly Platform: Simple and intuitive design makes investing easy for both new and tech-savvy users.
Risk factors
- Revenue Dependence on Broking: With 84.5% of revenue from broking, any drop in trading activity could impact profitability.
- Technology & System Risks: Platform reliability is crucial; outages or cybersecurity issues could disrupt services and damage trust.
- Market Volatility Exposure: Economic or policy changes may affect trading volumes and investor sentiment, impacting performance.
Promoters
Lalit Keshre
Harsh Jain
Ishan Bansal
Neeraj Singh
Registrar & documents
Lead manager
J.P. Morgan India Private Limited, Kotak Mahindra Capital Company limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Vaishnavi Tech Park, South Tower, 3rd Floor Sarjapur Main Road, Bellandur Bangalore Urban, Karnataka, 560103
+91 80 6960 1300
[email protected]Company website ↗Understanding GROWW IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.