Groww is offering its shares within a price range of Rs 95 to Rs 100 each, with investors required to apply for a minimum of 150 shares and in multiples thereof. This public offering aims to raise a total of Rs 6,632.30 crore and is open for subscription from November 03 to November 07.
The initial public offering (IPO) of Billionbrains Garage Ventures, the parent company of Groww, experienced a subdued response from investors on its opening day of bidding, which commenced on Tuesday, November 04. This IPO will remain open for bids until Friday, November 07.
Groww is issuing shares within a price range of Rs 95-100 each, with a minimum application requirement of 150 shares and increments thereafter. The company aims to raise Rs 6,632.30 crore through its IPO, comprising a fresh share sale valued at Rs 1,060 crore and an offer-for-sale (OFS) of up to 55,72,30,051 equity shares, which is estimated to be worth Rs 5,572.30 crore.
On November 04, 2025, by 2:25 PM, investors made bids for 13,85,31,600 equity shares, representing 38% of the 36,47,76,528 equity shares available for subscription. The bidding process will last for three days, with the exception of Wednesday, November 05, which is designated as a market holiday.
The retail investor allocation experienced a subscription rate of 1.51 times, while the non-institutional investors (NIIs) section garnered a subscription of only 38 percent. Interestingly, there were no bids submitted for the quota designated for qualified institutional bidders (QIBs) by the same reporting time.
Incorporated in 2017, Groww is a fintech company based in Bengaluru that specializes in offering a direct-to-customer digital investment platform. It aims to create wealth for retail investors by providing access to a diverse range of financial products and services. The platform enables investments in various assets including mutual funds, stocks, futures and options (F&O), exchange-traded funds (ETFs), initial public offerings (IPOs), digital gold, and U.S. stocks.
Brokerage firms express optimism regarding the issue due to several positive factors, including a strong market share, the addition of new clients, a dominant market position, and increasing equity culture penetration in India. Additionally, the firms highlight sound fundamentals and a positive growth outlook. However, they also point out significant concerns such as regulatory issues, a potential market downturn, and aggressive valuations that could impact the situation.
Groww’s post-issue price-to-earnings (P/E) ratio is valued at 40.79 times, which is considered high relative to its competitors. Consequently, Angel One has issued a ‘Neutral’ rating for long-term investors. The firm points out several key risks associated with the investment, including reliance on capital market performance, fluctuations in trading volumes, exposure to regulatory actions, and the potential for data security issues, technology failures, or system outages.
Groww, in preparation for its initial public offering (IPO), successfully secured Rs 2,984.5 crore from 102 anchor investors by allocating 29.84 crore shares at a price of Rs 100 each. The company designated 75% of the net offer for qualified institutional bidders (QIBs), while non-institutional investors are allotted 15% of the shares. Retail investors have a relatively minor allocation of 10% in this IPO.
Groww, recognized as India’s largest and fastest-growing investment platform with around 12.6 million active clients, is positioned to leverage its technology-driven, customer-centric business model. Master Capital Services suggests that the upcoming IPO could present a promising long-term investment opportunity. For the quarter ending June 30, 2025, Groww reported a net profit of Rs 378.37 crore and revenues of Rs 948.47 crore. For the fiscal year ending March 31, 2025, its net profit was Rs 1,824.37 crore with total revenue of Rs 4,061.65 crore. The company’s shares have been trading at a grey market premium of Rs 16-18 per share, indicating potential upside gains of 16-18%. The IPO is being managed by leading firms such as Kotak Mahindra Capital, JP Morgan India, Citigroup Global, Axis Capital, and Motilal Oswal Financial Services, with MUFG Intime India serving as the registrar. The shares are scheduled to be listed on the NSE and BSE on Friday, November 14.
