The Groww IPO marks a major milestone in India’s fintech landscape, as one of the country’s largest and fastest-growing online investment platforms prepares to list on the mainboard. Operated by Billionbrains Garage Ventures Ltd, the parent entity of Groww Invest Tech Pvt, the company has transformed how millions of retail investors invest in mutual funds, stocks, and ETFs through an intuitive digital experience.
With over 7 million active investors and strong traction in the Indian online investment platform space, Groww has established itself as a trusted brand known for simplicity, transparency, and tech-driven scalability.
The Groww IPO opens on November 4, 2025, and closes on November 7, 2025, featuring a Fresh Issue and an Offer for Sale (OFS), aggregating up to ₹6,632.30 crore. The proceeds will strengthen the company’s capital base, expand its margin trading facility (MTF) business, and support inorganic growth through potential acquisitions.
Groww IPO Details
| IPO Particulars | Details |
|---|---|
| IPO Date | November 4, 2025 to November 7, 2025 |
| Face Value | ₹2 per equity share |
| Price Band | ₹95 to ₹100 per share |
| Lot Size | 150 shares |
| Issue Type | Book-Building IPO |
| Sale Type | Fresh Issue + Offer for Sale |
| Total Issue Size | 66,32,30,051 shares (aggregating up to ₹6,632.30 crore) |
| Fresh Issue | 10,60,00,000 shares (₹1,060 crore) |
| Offer for Sale | 55,72,30,051 shares (₹5,572.30 crore) |
| Listing At | BSE, NSE |
| IPO Registrar | MUFG Intime India Pvt Ltd |
| Pre-Issue Shares | 6,06,75,96,631 shares |
| Post-Issue Shares | 6,17,35,96,631 shares |
- Price band: ₹95–₹100 per equity share (face value ₹2).
Retail minimum: 1 lot = 150 shares.
Groww IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | Tue, Nov 4, 2025 |
| IPO Close Date | Fri, Nov 7, 2025 |
| Allotment Finalization | Mon, Nov 10, 2025 |
| Refunds Initiation | Tue, Nov 11, 2025 |
| Credit of Shares to Demat | Tue, Nov 11, 2025 |
| Tentative Listing Date | Wed, Nov 12, 2025 |
| UPI Mandate Cut-off Time | 5 PM on Fri, Nov 7, 2025 |
The Groww IPO listing date is expected on November 12, 2025, on both BSE and NSE.
Company Overview: Billionbrains Garage Ventures Ltd (Groww Invest Tech Pvt)
Founded in 2016, Groww Invest Tech Pvt operates under its parent entity Billionbrains Garage Ventures Ltd. It has become a household name in digital investing by offering mutual funds, stocks, ETFs, and US equities in one seamless app.
- Mission: Make investing simple, transparent, and accessible for all Indians.
- HQ: Vaishnavi Tech Park, South Tower, Bengaluru.
- Tech: Scalable cloud infrastructure to support millions of daily transactions and ensure a secure, real-time investing experience.
Key Products and Services
- Direct mutual fund investing (without commission)
- Equity and ETF trading
- Margin Trading Facility (MTF) for advanced users
- IPO application integration via UPI
- Digital gold and sovereign bonds
Groww’s user-centric design, transparent pricing, and research tools have helped it capture a leading market share in the Indian retail investing ecosystem.
Billionbrains Garage Ventures Ltd: Growth and Strategy
Key Strategic Highlights:
- Customer Base: Over 7 million monthly active users across India.
- High Customer Retention: 80%+ repeat users annually.
- Technology & Cloud: Scalable AWS-based architecture supporting large volumes.
- Margin Trading Expansion: MTF business growing rapidly, boosting interest income and revenue diversity.
- Inorganic Growth: Plans for acquisitions in adjacent fintech verticals (e.g., lending, insurance aggregation).
By leveraging technology, Groww Invest Tech Pvt provides a differentiated experience compared to traditional brokers and wealth platforms.
Financial Performance
| Period Ended | Jun 30, 2025 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
|---|---|---|---|---|
| Assets | ₹12,713.18 Cr | ₹10,077.31 Cr | ₹8,017.97 Cr | ₹4,807.78 Cr |
| Total Income | ₹948.47 Cr | ₹4,061.65 Cr | ₹2,795.99 Cr | ₹1,260.96 Cr |
| Profit After Tax (PAT) | ₹378.37 Cr | ₹1,824.37 Cr | -₹805.45 Cr | ₹457.72 Cr |
| EBITDA | ₹418.75 Cr | ₹2,371.01 Cr | -₹780.88 Cr | ₹398.78 Cr |
| Net Worth | ₹5,995.45 Cr | ₹4,855.35 Cr | ₹2,542.64 Cr | ₹3,316.75 Cr |
| Total Borrowings | ₹324.08 Cr | ₹351.99 Cr | ₹24.06 Cr | — |
Key Highlights:
- Revenue Growth: 45% YoY in FY25.
- Profit Growth: 327% YoY jump as the business scales profitably.
- Strong Net Worth: ₹5,995 crore in FY25.
- Debt-Light: Minimal borrowing; high liquidity and flexibility.
Groww’s consistent financial performance underscores its strong market presence and profitability, driven by high user activity and low operational costs.
Anchor Investors and Selling Shareholders
Anchor Investors (Expected):
- Ribbit Capital – early backer and leading fintech-focused investor
- Kauffman Fellows Fund – Silicon Valley-based venture capital firm
- Existing shareholders of Billionbrains Garage Ventures Ltd and associated entities
Selling Shareholders (OFS):
- Ribbit Capital Partners
- Billionbrains Garage Ventures Ltd
- Kauffman Fellows Fund
- Other material subsidiaries within the company’s investment structure
Use of Fresh Issue (₹1,060 crore):
- Technology and infrastructure capex
- Enhancement of MTF capital
- General corporate purposes and potential inorganic growth
IPO Allotment & Listing Info
| Event | Date |
|---|---|
| Allotment Finalization | Mon, Nov 10, 2025 |
| Refunds Initiation | Tue, Nov 11, 2025 |
| Credit of Shares to Demat | Tue, Nov 11, 2025 |
| Tentative Listing Date | Wed, Nov 12, 2025 |
- Registrar: MUFG Intime India Pvt Ltd (refunds & demat credits).
- Allotment Status: Check via application number, PAN, or demat ID on the registrar’s website after Nov 10, 2025.
Groww IPO Lot Size
The minimum investment for retail investors is one lot of 150 shares, translating to ₹15,000 at the upper price band.
| Application Type | Lots | Shares | Investment (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1,950 | ₹1,95,000 |
| S-HNI (Min) | 14 | 2,100 | ₹2,10,000 |
| B-HNI (Min) | 67 | 10,050 | ₹10,05,000 |
This structure enables broad retail participation while ensuring liquidity for QIBs.
Equity Shares and Shareholding Pattern
Post-issue, Groww’s shareholding pattern will remain concentrated among founders and major venture investors, maintaining strategic control. Equity shares allotted through the IPO will list on BSE and NSE, providing liquidity to both retail and institutional investors. Founders, including Harsh Jain, continue to hold significant stakes and actively steer strategic direction.
Allotment Status and Listing Date
- Allotment Finalization: Nov 10, 2025
- Listing: Expected Nov 12, 2025
- Where to Check:
- MUFG Intime India Pvt Ltd website
- BSE/NSE IPO Allotment Status portals
- UPI mandate confirmation in your bank account
Upon listing, Groww is expected to attract strong participation in the secondary market, given its brand strength, recurring revenue model, and user growth trajectory.
Anchor Investors and Market Sentiment
Anchor participation is likely to include institutional investors with long-term confidence in India’s fintech ecosystem. Market analysts anticipate a positive subscription from retail, mutual funds, and QIBs, given Groww’s brand equity and profitability metrics. The IPO could also lift sentiment across other listed fintech and broking firms.
Conclusion
The Groww IPO offers investors exposure to a leading digital investment platform that has simplified access to mutual funds, ETFs, and stocks. With strong financials, high customer retention, and minimal debt, the company represents the next phase of fintech evolution in India’s securities market. Backed by marquee investors like Ribbit Capital and Kauffman Fellows Fund, Groww’s listing is poised to cement its leadership in India’s online investing ecosystem.
For retail investors seeking exposure to India’s rapidly growing fintech sector, the Groww IPO stands out as one of the most promising offerings of 2025.
