Online stock market brokerage Groww has announced the dates for its initial public offering (IPO) window.
With an issue size of Rs 6,6232 crore, Groww IPO bidding will go live from November 5 and investors can subscribe till November 7. The allotment of shares is expected to be announced on November 10, with the listing to take place on November 12.
IPO investment details:
Investors who would like to subscribe for the IPO can make a minimum investment of Rs 14,250 for a lot size of 150 shares. Price range has been set to Rs 95-100.
🚀 #IPOAlert Groww (Billionbrains Garage Ventures Ltd.) is set for an IPO from Nov 4-7, 2025, one of the largest fintech listings in India this year.
— Aditya Garg 🇮🇳 (@Garg_Aditya_) October 29, 2025
💰 Issue Size: ₹6,632.30 Cr
•Fresh Issue: ₹1,060 Cr (for growth and technology)
•Offer for Sale: ₹5,572.30 Cr (early… pic.twitter.com/4y0DTbtEAy
Billionbrains Garage Ventures, the parent company of stock broking firm Groww, is targeting a valuation of over Rs 61,700 crore (about USD 7 billion).
The IPO comprises a fresh issue of equity shares worth Rs 1,060 crore along with an Offer For Sale (OFS) component of 574,190,754 equity shares by promoters and investor shareholders.
As a part of the OFS, the company's promoters, Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, each offering up to 1 million shares, besides, investors such as Peak XV Partners Investments VI-1, YC Holdings II, Ribbit Capital V, GW-E Ribbit Opportunity V, Internet Fund VI Pte. Ltd., and Kauffman Fellows Fund, L.P are offloading shares, PTI reported.
GMP details:
According to various media reports, the grey market premium (GMP) for Groww IPO was Rs 11, estimating a potential listing gain of around 11 per cent for investors.
Timeline:
With its headquarters in Bengaluru, Groww filed draft papers in May with markets regulator Sebi for an IPO through a confidential pre-filing route and had received Sebi's approval in August.
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Groww opted for the confidential pre-filing route, which is gaining traction among Indian firms, as it allows withholding public disclosure of IPO details under the DRHP until later stages. This also helps the firm with flexibility in its IPO plans.
According to the company, 75 per cent of the issue size has been reserved for qualified institutional buyers, 15 per cent for non-institutional investors, and the remaining 10 per cent for retail investors.
