Groww IPO News | Billionbrains Garage Ventures, the parent company of online investment platform Groww, has successfully raised ₹2,984.5 crore from 102 institutional investors through its anchor book on November 3, ahead of its much-awaited ₹6,632-crore IPO opening for public subscription today (November 4, 2025).
Groww IPO Details
The Groww IPO will remain open for bidding between November 4 and November 7, with November 5 being a market holiday on account of Prakash Gurpurb Sri Guru Nanak Dev Jayanti.
The price band for the IPO has been fixed at ₹95–₹100 per share.
Groww aims to raise ₹1,060 crore via fresh share issuance, while existing investors including Peak XV Partners, YC Holdings, Tiger Global, Sequoia Capital, Alkeon Capital, and Ribbit Capital will offload 55.72 crore shares worth ₹5,572.3 crore at the upper price band.
Anchor Investors and Allocation
Billionbrains Garage Ventures allocated 29.84 crore shares to anchor investors at ₹100 per share.
Prominent global institutions such as Goldman Sachs, Morgan Stanley, Government of Singapore, Monetary Authority of Singapore, Abu Dhabi Investment Authority, Ashoka WhiteOak, Prudential HK, Eastspring Investments, Amundi Funds, Societe Generale, and Wellington Management participated in the anchor round.
Among them, 17 domestic mutual funds — including HDFC AMC, Kotak Mahindra AMC, SBI MF, Axis MF, Nippon Life India, Aditya Birla Sun Life, Motilal Oswal, Mirae Asset, Franklin Templeton, Tata MF, HSBC MF, Trust MF, and Mahindra Manulife — received 46.6% of the anchor allocation, equivalent to 13.89 crore shares worth ₹1,389.8 crore.
Use of IPO Proceeds
Groww plans to utilize the fresh issue proceeds as follows:
₹152.5 crore for expanding cloud infrastructure
₹225 crore for brand building and performance marketing
₹205 crore for augmenting the NBFC subsidiary (GCS – Groww Creditserv Technology)
₹167.5 crore for the MTF business of subsidiary GIT (Groww Invest Tech)
Remaining funds will go toward acquisitions and general corporate purposes
Company Overview
Founded by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, all ex-Flipkart professionals, Groww has grown into one of India’s largest investment platforms by active users on the NSE.
The company competes with listed players such as Angel One, Motilal Oswal Financial Services, 360 ONE WAM, and Nuvama Wealth Management.
In Q1 FY26 (June 2025), Groww reported a profit of ₹378.4 crore, up from ₹338 crore YoY, though revenue declined to ₹904.4 crore compared to ₹1,000.8 crore in the same period last year.
Groww IPO Allotment & Listing Dates
IPO Allotment Date: November 10, 2025
Listing Date (BSE & NSE): November 12, 2025
Lead Managers
The book-running lead managers (BRLMs) for the Groww IPO are Kotak Mahindra Capital Company, JP Morgan India, Citigroup Global Markets India, Axis Capital, and Motilal Oswal Investment Advisors.
