Groww Sets IPO Price Range for Rs 6,632-Crore Issue
Billionbrains Garage Ventures Ltd., the parent company of India’s largest investment platform Groww, has announced the price range for its initial public offering (IPO) which is set to open on November 4. The IPO will be open for three days, closing on November 7, with a price range of Rs 95 to Rs 100 per share.
The book-building offer consists of a fresh issue of up to Rs 1,060 crore and an offer for sale of up to Rs 5,572 crore. Investors can place bids in the specified price range, with the minimum bid lot size being 150 equity shares of face value of Rs 2, requiring an investment of Rs 15,000 on the upper price band.
Portion for Retail Investors
The portion for retail investors is capped at 10% of the IPO offer, providing an opportunity for individual investors to participate in the growth story of Groww. The company will seek investments from large institutions via the anchor round on November 4, ahead of the IPO opening.
The company will finalize the share allotment on November 10 and credit them by November 11 into the demat accounts. Groww will list on the stock market on November 12, marking a significant milestone in its journey.
Valuation and Funding Plans
Based on the upper price band, the company is valued at Rs 92,074 crore. The funds raised from the IPO will be utilized to expand margin trading, unsecured lending, wealth management, and possibly inorganic growth, as per the offer documents.
Billionbrains Garage Ventures, backed by Microsoft Chief Executive Officer Satya Nadella, has seen significant growth in recent years. The company’s top line grew by around 30% in fiscal 2025, while making a profit of Rs 1,819 crore, according to a valuation report.
Industry Rivals and Market Trends
Groww operates in a competitive landscape, with industry rivals such as Zerodha and Angel One Ltd. However, the company has established itself as a leader in the investment platform space, with a growing user base and increasing revenue.
A growing top line has been observed consistently across the broking industry, as more retail investors take to the country’s capital markets. Angel One Ltd‘s total revenue from operations came up to Rs 5,238 crore for the fiscal 2025 — a year-on-year increase of 23%.
Investor Interest and IPO Performance
The IPO is expected to generate significant interest among investors, given Groww’s strong growth trajectory and market position. The company’s financial performance, combined with its plans for expansion and growth, makes it an attractive investment opportunity.
Investors offloading their stake in the platform include Peak XV, Y Combinator, Ribbit Capital, Tiger Global, and Kauffman Fellows. The bankers handling the offer include JPMorgan, Kotak Mahindra Capital, Citigroup, Axis Capital, Citigroup, and Motilal Oswal.
As the IPO approaches, investors are advised to carefully evaluate the company’s financials, growth prospects, and industry trends before making an investment decision. It is also essential to consider the IPO investing tips and stock market news to stay informed and make informed decisions.