Fusion CX IPO vs Groww IPO

Comparison between Fusion CX IPO and Groww IPO.

IPO Details

Fusion CX IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Groww IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Fusion CX IPO is up to ₹1,000.00 Cr whereas the issue size of the Groww IPO is up to ₹6,632.30 Cr. The final issue price of Fusion CX IPO is and of Groww IPO is ₹100.00 per share.

 Fusion CX IPOGroww IPO
Face Value₹1 per share₹2 per share
Issue Price (Lower)₹95.00 per share
Issue Price (Upper)₹100.00 per share
Issue Price (Final)₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size150 shares
Fresh Issue Size0 shares10,60,00,000 shares
Fresh Issue Size (Amount)up to ₹600.00 Crup to ₹1,060.00 Cr
OFS Issue Size0 shares55,72,30,051 shares
OFS Issue Size (Amount)up to ₹400.00 Crup to ₹5,572.30 Cr
Issue Size Total0 shares66,32,30,051 shares
Issue Size Total (Amount)up to ₹1,000.00 Crup to ₹6,632.30 Cr

IPO Timetable

Fusion CX IPO opens on , while Groww IPO opens on Nov 04, 2025. The closing date of Fusion CX IPO and Groww IPO is , and Nov 07, 2025, respectively.

Financials & KPIs

Fusion CX IPO P/E ratio is , as compared to Groww IPO P/E ratio of 33.26.

 Fusion CX IPOGroww IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets919.25768.02603.22470.87
Total Income944.421,021.531,146.82806.24
Profit After Tax47.2436.2639.8443.87
NET Worth323.91270.18237.21190.38
Total Borrowing258.37210.61134.9695.92
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Billionbrains Garage Ventures Ltd.'s revenue increased by 45% and profit after tax (PAT) rose by 327% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202530 Jun 202431 Mar 202431 Mar 2023
Assets12,713.1810,077.3110,819.108,017.974,807.78
Total Income948.474,061.651,047.582,795.991,260.96
Profit After Tax378.371,824.37338.01-805.45457.72
EBITDA418.752,371.01482.66-780.88398.78
NET Worth5,995.454,855.352,886.282,542.643,316.75
Reserves and Surplus5,506.783,251.922,821.412,477.764,445.63
Total Borrowing324.08351.99117.6624.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.2828.29
Promoter Shareholding (Post-Issue)27.53
P/E Ratio33.26
Market Cap₹61735.97 Cr.
ROE13.37%
ROCE19.56%
Debt/Equity
EPS₹3.01
RoNW13.4237.57%

Shares Offered

In the Fusion CX IPO Retail Individual Investors (RII) are offered 0 shares while in Groww IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Fusion CX IPO and 19,89,69,016 shares in Groww IPO.

 Fusion CX IPOGroww IPO
Anchor Investor Reservation0 shares29,84,53,523 shares
Market Maker Reservation0 shares0 shares
QIB0 shares19,89,69,016 shares
NII0 shares9,94,84,507 shares
RII0 shares6,63,23,005 shares
Employee0 shares0 shares
Others
Total0 shares66,32,30,051 shares

Bids Received (Subscription)

Fusion CX IPO subscribed in total, whereas Groww IPO subscribed 17.60x.

 Fusion CX IPOGroww IPO
QIB (times)22.02x
NII (times)14.20x
Big NII (times)16.28x
Small NII (times)10.04x
RII (times)9.43x
Employee (times)
Other (times)
Total (times)17.60x

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