Bookbuilding IPO | ₹6,632 Cr | Listed at BSE, NSE | Tue, Nov 4, 2025 - Fri, Nov 7, 2025
Groww IPO is a book build issue of ₹6,632.30 crores. The issue is a combination of fresh issue of 10.60 crore shares aggregating to ₹1,060.00 crores and offer for sale of 55.72 crore shares aggregating to ₹5,572.30 crores.
Groww IPO bidding started from Nov 4, 2025 and ended on Nov 7, 2025. The allotment for Groww IPO was finalized on Nov 10, 2025. The shares got listed on BSE, NSE on Nov 12, 2025.
Groww IPO price band is set at ₹100 per share. The lot size for an application is 150. The minimum amount of investment required by an retail is ₹15,000 (150 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,100 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (10,050 shares), amounting to ₹10,05,000.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Groww IPO RHP for detailed Information.
IPO Open
Tue, Nov 4, 2025
IPO Close
Fri, Nov 7, 2025
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹61,735.97 Cr
| IPO Date | 4 to 7 Nov, 2025 |
| Listed on | Wed, Nov 12, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹95 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 66,32,30,051 shares (agg. up to ₹6,632 Cr) |
| Fresh Issue | 10,60,00,000 shares (agg. up to ₹1,060 Cr) |
| Offer for Sale | 55,72,30,051 shares of ₹2 (agg. up to ₹5,572 Cr) |
| Share Holding Pre Issue | 6,06,75,96,631 shares |
| Share Holding Post Issue | 6,17,35,96,631 shares |
| BSE Script Code / NSE Symbol | 544603 / GROWW |
| ISIN | INE0HOQ01053 |
Groww IPO offers total 66,32,30,051 shares. Out of which 49,74,22,539 (75.00%) allocated to QIB, 19,89,69,016 (30.00%) allocated to QIB (Ex- Anchor), 9,94,84,507 (15.00%) allocated to NII 6,63,23,005 (10.00%) allocated to RII and 29,84,53,523 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 49,74,22,539 (75.00%) | NA |
| − Anchor Investor Shares Offered | 29,84,53,523 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 19,89,69,016 (30.00%) | NA |
| NII (HNI) Shares Offered | 9,94,84,507 (15.00%) | NA |
| − bNII > ₹10L | 6,63,23,005 (10.00%) | 31,582 |
| − sNII < ₹10L | 3,31,61,502 (5.00%) | 15,791 |
| Retail Shares Offered | 6,63,23,005 (10.00%) | 4,42,153 |
| Total Shares Offered | 66,32,30,051 (100.00%) |
Investors can bid for a minimum of 150 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1,950 | ₹1,95,000 |
| S-HNI (Min) | 14 | 2,100 | ₹2,10,000 |
| S-HNI (Max) | 66 | 9,900 | ₹9,90,000 |
| B-HNI (Min) | 67 | 10,050 | ₹10,05,000 |
Groww IPO raises ₹2,984.54 crore from anchor investors. Groww IPO Anchor bid date is November 3, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Nov 3, 2025 |
| Shares Offered | 29,84,53,523 |
| Anchor Portion (₹ Cr.) | 2,984.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Dec 9, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Feb 7, 2026 |
Billionbrains Garage Ventures Limited was incorporated on January 9, 2018. It is the parent company of Groww, a Bengaluru-based direct-to-customer (D2C) digital investment platform that provides investors wealth creation opportunities through multiple financial products and services.
The company offers a platform to invest in stocks, directly-only mutual funds, IPOs, ETFs, NFOs, bonds, and digital gold in the form of gold ETFs and gold funds.
Further, traders can use the Groww app to trade in F&O, commodities, and intraday.
For advanced traders, Groww has introduced 915 by Groww, a pro-trading web-based terminal for high-frequency trading.
Groww also offers value-added services such as Margin Trading Facility (MTF), APIs for algorithmic trading, and credit solutions.
Business Model
Products & Services:
As of June 30, 2025, the company had 1415 employees.
Competitive Strengths:
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 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 | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expenditure towards cloud infrastructure | 152.50 |
| 2 | Brand building and performance marketing activities | 225.00 |
| 3 | Investment in one of our Material Subsidiaries, GCS, an NBFC, for augmenting its capital base | 205.00 |
| 4 | Investment in one of our Material Subsidiaries, GIT, for funding its MTF business | 167.50 |
| 5 | Funding inorganic growth through unidentified acquisitions and general corporate purposes | 265.98 |
| KPI | Mar 31, 2025 |
|---|---|
| RoNW | 37.57% |
| PAT Margin | 44.92% |
| EBITDA Margin | 59.11% |
| Price to Book Value | 11.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.01 | 2.45 |
| P/E (x) | 33.26 | 40.79 |
| Promoter Holding | 28.29% | 27.53% |
| Market Cap | ₹61,735.97 Cr. |
The Groww IPO is subscribed 17.60 times on November 7, 2025 5:04:34 PM (Day 3). The public issue subscribed 9.43 times in the retail category, 22.02 times in the QIB category, and 14.20 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 22.02 | 19,89,69,015 | 4,38,03,79,950 |
| NII | 14.20 | 9,94,84,508 | 1,41,28,97,100 |
| bNII (bids above ₹10L) | 16.28 | 6,63,23,005 | 1,07,98,37,100 |
| sNII (bids below ₹10L) | 10.04 | 3,31,61,503 | 33,30,60,000 |
| Retail | 9.43 | 6,63,23,005 | 62,53,99,350 |
| Total | 17.60 | 36,47,76,528 | 6,41,86,76,400 |
Total Application : 31,40,951
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 151.94 |
| 2 | Fees payable to the Registrar to the Offer | |
| 3 | Selling commission/processing fee for SCBs and Bankers to the Offer, fee payable to the Sponsor Bank for bids made by using UPI, brokerage and selling commission and uplinking charges for the Members of the Syndicate, Registered Brokers, RTAs and CDPs | 16.61 |
| 4 | Advertising and marketing expenses | 32.56 |
| 5 | Listing fees, SEBI filing fees, BSE and NSE processing fees, book building software fees | 13.33 |
| 6 | Other regulatory expenses | 11.11 |
| 7 | Printing and stationery expenses | 1.37 |
| 8 | Fees payable to the legal counsel | 19.64 |
| 9 | Fees payable to other advisors to the Offer, including but not limited to statutory auditors, independent chartered accountant, industry expert | 14.32 |
| 10 | Miscellaneous | 10.18 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹100.00 | ₹100.00 |
| Open | ₹114.00 | ₹112.00 |
| Low | ₹112.02 | ₹112.00 |
| High | ₹134.34 | ₹134.40 |
| Last Trade | ₹130.94 | ₹131.33 |
Lead Manager Reports
Groww IPO is a main-board IPO of 66,32,30,051 equity shares of the face value of ₹2 aggregating up to ₹6,632 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 150.
The IPO opens on Tue, Nov 4, 2025, and closes on Fri, Nov 7, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Groww IPO using UPI as a payment gateway. Zerodha customers can apply in Groww IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Groww IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Groww IPO opens on Tue, Nov 4, 2025 and closes on Fri, Nov 7, 2025.
Groww IPO lot size is 150, and the minimum amount required for application is ₹15,000.
You can apply in Groww IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Groww IPO will be done on Monday, November 10, 2025, and the allotted shares will be credited to your demat account by Tue, Nov 11, 2025. Check the Groww IPO allotment status.
The Groww IPO listing date is on Wed, Nov 12, 2025.
