Groww (Billionbrains Garage Ventures) IPO Status

Groww (Billionbrains Garage Ventures) IPO Status

Groww (Billionbrains Garage Ventures Limited) launched its IPO in November 2025, marking a significant milestone for India’s leading retail investment platform. Here’s a detailed breakdown of the IPO, including key dates, financials, allocation, and strategic objectives.

IPO Overview

• Issue Size: ₹6,632.30 crore, comprising a fresh issue of ₹1,060 crore and an offer for sale (OFS) of ₹5,572.30 crore by existing shareholders.​

• Price Band: ₹95 to ₹100 per share.​

• Face Value: ₹2 per share.​

• Lot Size: 150 shares (minimum application).​

• Minimum Investment: ₹15,000 (for retail investors at upper price band).​

• Subscription Dates: November 4–7, 2025.​

• Allotment Date: November 10, 2025.​

• Listing Date: November 12, 2025 (BSE & NSE).​

• Grey Market Premium (GMP): ₹13 (13% above issue price), indicating strong investor sentiment.​

Allocation & Reservation

Investor Category	% of Issue	Shares Offered (approx.)
QIB (Qualified Institutional Buyers)	75%	49.74 crore
NII (Non-Institutional Investors)	15%	9.95 crore
Retail (RII)	10%	6.63 crore
Anchor Investors	45%	29.85 crore

• Retail investors can apply for up to 13 lots (1,950 shares, ₹1,95,000).​

• Small HNI (sNII): 14–66 lots (2,100–9,900 shares, ₹2,10,000–₹9,90,000).​

• Big HNI (bNII): 67+ lots (10,050+ shares, ₹10,05,000+).​

Financial Highlights

• FY25 Revenue: ₹3,901 crore (49% YoY growth).​

• FY25 PAT: ₹1,824 crore (sharp turnaround from previous years).​

• EBITDA Margin: 60.8% (asset-light model, high retention).​

• ARPU: ₹3,339 (FY25), up from ₹2,541 (FY23).​

• User Acquisition: 78% new users via organic channels, reducing acquisition costs.​

Use of Proceeds

• Fresh Issue (₹1,060 crore):

  • Cloud infrastructure: ₹152.5 crore

  • Brand & marketing: ₹225 crore

  • Capital infusion into Groww Creditserv Tech (NBFC): ₹205 crore

  • Capital infusion into Groww Invest Tech (MTF): ₹167.5 crore

  • General corporate purposes, acquisitions, and operational growth.​

Key Strengths & Analyst Ratings

• Dominant position in India’s retail investing space.​

• Strong technology platform and high customer retention.​

• Asset-light business model with improving margins.​

• Major brokerages gave a “Subscribe” rating, citing long-term growth prospects.​

Subscription Status

• The IPO was oversubscribed, with QIBs subscribing 22.02x, NIIs 14.20x, and retail investors 9.43x.​

• Strong demand reflected in the grey market premium and analyst recommendations.​

Strategic Backing

• Backed by prominent investors including Peak XV, Tiger Capital, and Microsoft CEO Satya Nadella.​