Billionbrains garage Ventures IPO Details
Groww IPO is a book-built issue of Rs. 6,632.30 crore, comprising a fresh issue of 10.60 crore shares worth Rs. 1,060 crore and an offer for sale of 55.72 crore shares aggregating Rs. 5,572.30 crore. The IPO will open for subscription on November 4, 2025, and close on November 7, 2025. The price band is fixed between Rs. 95 and Rs. 100 per share, with a lot size of 150 shares, requiring a minimum investment of Rs. 15,000 for retail investors. For small HNIs, the minimum application size is 2,100 shares (Rs. 2,10,000) and for large HNIs 10,050 shares (Rs. 10,05,000). The allotment is likely on November 10, and listing is expected on November 12, 2025, on both BSE and NSE. Kotak Mahindra Capital Co. Ltd. is the Book Running Lead Manager, and MUFG Intime India Pvt. Ltd. is the Registrar to the issue.
🕗 Last Update: 5 November 2025, 6.00 AM
IPO Key Dates
| IPO Opens on | 4 Nov. 2025 |
| IPO Closes on | 7 Nov. 2025 |
| Allotment on | 10 Nov. 2025 |
| Initiation of Refunds | 11 Nov. 2025 |
| Credit of Shares | 11 Nov. 2025 |
| Listing Date | 12 Nov. 2025 |
Chittorgarh.com/ipo/groww-ipo/
The promoters
Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh are thye promoters of the company
The promoters hold 28 % shares in the pre-IPO capital of the company.
Objects of IPO
The IPO consists fresh issue of capital and an offer for sale
| Objects of the Issue | Rs. in crores |
| Expenditure towards cloud infrastructure | 152.5 |
| Brand building and performance marketing activities | 225 |
| Investment in one of the Material Subsidiaries, GCS, an NBFC, for augmenting its capital base | 205 |
| Investment in one of the Material Subsidiaries, GIT, for funding its MTF business | 167.5 |
| Funding inorganic growth through unidentified acquisitions and general corporate purposes |
Business :
IPO Details
| Opens On | 4 November 2025 |
| Closes on | 7 November 2025 |
| Face Value | Rs.2 |
| Issue Price Band | Rs.95-100 |
| Lot Size | 150 Shares |
| Sale Type | Fresh issue & Offer for Sale |
| Total Issue Size | 66,32,30,051 shares |
| Total Issue Size | Rs. 6632.30 Cr |
| Employee Discount | Rs. 0 |
| Shareholder Discount | Rs. 0 |
| Listing At | BSE, NSE |
How are the shares offered?
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
How Shares can be applid?
| Application | Lots | Shares | Amount Rs. |
| 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 |
How to check Allotment Status
Allotment of this IPO will be announced on 10 November 2025 and the link to check allotment is given below:
https://linkintime.co.in/Initial_Offer/public-issues.html
| Registered Office of the company Billionbrains Garage Ventures Ltd. Vaishnavi Tech Park, South Tower, 3rd Floor Sarjapur Main Road, Bellandur Bangalore Urban, Karnataka, 560103 Email: corp.secretarial@groww.in |
|
| The Lead Managers Kotak Mahindra Capital Co.Ltd. JP Morgan India Pvt.Ltd. Citigroup Global Markets India Pvt.Ltd. Axis Capital Ltd. Motilal Oswal Investment Advisors Ltd. |
|
| Registrar to IPO | |
| Mufg Intime India Pvt ltd |
Financial Snapshot
| Period Ended | 30-Jun-25 | 31-Mar-25 | 30-Jun-24 | 31-Mar-24 |
| Assets | 12,713.18 | 10,077.31 | 10,819.10 | 8,017.97 |
| Total Income | 948.47 | 4,061.65 | 1,047.58 | 2,795.99 |
| Profit After Tax | 378.37 | 1,824.37 | 338.01 | -805.45 |
| EBITDA | 418.75 | 2,371.01 | 482.66 | -780.88 |
| NET Worth | 5,995.45 | 4,855.35 | 2,886.28 | 2,542.64 |
| Reserves and Surplus | 5,506.78 | 3,251.92 | 2,821.41 | 2,477.76 |
| Total Borrowing | 324.08 | 351.99 | 117.66 | 24.06 |
| Amount in Rs. Crore | ||||
Key Performance Indicators
| KPI | Values |
| RoNW | 37.57% |
| PAT Margin | 44.92% |
| EBITDA Margin | 59.11% |
| Price to Book Value | 11.76 |
| Market Capitalization | 61735.97 |
| EPS | 3.01 |
| PE Ratio | 33.26 |
Peer Comparison
Groww IPO Review
by Paresh Gordhandas, CA & Research Analyst
Incorporated in 2017, Groww is a Bengaluru-based fintech platform that empowers retail investors to invest directly across multiple financial products — mutual funds, equities, F&O, ETFs, IPOs, digital gold, and U.S. stocks. With over 1,400 employees and a strong millennial user base, Groww has emerged as one of India’s most popular investment apps.
Financially, the company has delivered a remarkable turnaround — PAT surged to Rs. 1,824 crore in FY25 from a loss of Rs. 805 crore in FY24, with PAT margin at 44.92% and EBITDA margin at 59.11%. Net worth rose to Rs. 4,855 crore, while borrowings remain negligible. At the upper price band of Rs. 100, the issue is valued at a P/E of 33.26x and Price-to-Book of 11.76x, on a market cap of Rs. 61,736 crore.
The company’s high profitability, scalable tech model, and diversified revenue base make it a promising digital financial play. However, valuations are on the higher side considering the volatile fintech environment.
Chanakya View: Attractive business model with strong growth and profitability; investors may consider with a medium to long-term perspective. Must Apply IPO
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