#BillionbrainsIPO #GrowwIPO #InitialPublicOffer #Fintech #StockMarketIndia #RetailInvestment #AnchorInvestors #QualifiedInstitutionalBuyers #InvestmentOpportunity #BSE #NSE #KotakMahindra #JPmorgan #Citigroup #AxisCapital #MotilalOswal
Price Band has been fixed at ₹ 95 to ₹ 100 per Equity Share.
· The Floor Price is 47.50 times the face value of Equity Shares and the Cap Price is 50.00 times the face value of the Equity Shares.
· Bid / Offer will open on Tuesday, November 4, 2025 and close on Friday, November 7, 2025 (“Bid Dates”).
· The Anchor Investor Bid / Offer Period shall be Monday, November 3, 2025.
Chandigarh: Billionbrains Garage Ventures Limited, the parent company of the popular investment platform Groww, is set to launch its Initial Public Offer (IPO) on Tuesday, November 4, 2025. The IPO will remain open for public subscription until Friday, November 7, 2025. With a price band fixed between ₹95 and ₹100 per equity share, the offer presents a significant opportunity for retail and institutional investors alike.
The IPO comprises a fresh issue of 10.6 crore equity shares worth ₹1,060 crore, alongside an Offer for Sale of approximately 55.7 crore shares valued at ₹5,572.30 crore. This brings the total issue size to around ₹6,632.30 crore. The minimum bid size has been set at 150 equity shares, translating to a minimum investment amount of about ₹15,000 at the upper price band.
The anchor investor bidding period will begin a day earlier, on Monday, November 3, 2025. Shares offered through this IPO are proposed to be listed on both the BSE Limited and National Stock Exchange of India Limited, with tentative listing planned for November 12, 2025.
Billionbrains Garage Ventures stands out as a major player in India’s fintech space. Founded in 2017 and headquartered in Bengaluru, it owns Groww, a leading platform that allows retail investors to trade in stocks, mutual funds, ETFs, commodities, and various other financial instruments. The company is backed by several global investors, including Peak XV Partners, Sequoia Capital, Tiger Global, and YC Holdings, among others.
The allocation structure of the IPO is designed to cater to a variety of investors:
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Qualified Institutional Buyers (QIBs) are entitled to at least 75% of the issue, with up to 60% of the QIB portion possibly allocated to anchor investors, including domestic mutual funds.
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Non-Institutional Investors can access up to 15% of the shares, with sub-categories for HNIs based on investment size.
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Retail Individual Investors (RIIs) will have 10% of the issue reserved for them.
Promoters such as Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh collectively hold around 28% of the company’s equity pre-issue, while the public holds the remaining 72%.
The proceeds from the fresh issue will be utilized for cloud infrastructure enhancement, brand building, marketing activities, capital infusion into subsidiaries such as Groww Creditserv Technology (a non-banking financial company), and funding margin trading facilities through Groww Invest Tech. Additional funds will support inorganic growth through acquisitions and general corporate purposes.
This IPO marks a landmark event for retail investors seeking exposure to India’s fast-growing digital investment ecosystem through a company that has earned significant trust and popularity.
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#BillionbrainsIPO #GrowwIPO #InitialPublicOffer #Fintech #StockMarketIndia #RetailInvestment #AnchorInvestors #QualifiedInstitutionalBuyers #InvestmentOpportunity #BSE #NSE #KotakMahindra #JPmorgan #Citigroup #AxisCapital #MotilalOswal
