Billionbrains Garage Ventures (Groww) came to market through an IPO that opened on 4 November 2025 and closed on 7 November 2025, and the shares listed on 12 November 2025 on BSE, NSE. The price band was ₹95 to ₹100 per share and one lot was 150 shares, so the minimum application was ₹15,000. The issue size was ₹6632.3 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders. MUFG Intime India Pvt.
Ltd was the registrar to the issue, and Kotak Mahindra Capital, JP Morgan India, Citigroup Global Markets India, Axis Capital, Motilal Oswal Investment Advisors were the lead managers.
As of 7 November 2025.
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Start-up in 2017, Groww is a Bengaluru fintech firm that offers mutual fund, stock, F&O, ETF, IPO, digital gold, and US stock investing platforms for retail investors in India. Its mobile application is most sought after by mutual fund investors. Groww provides value-added products like Margin Trading Facility (MTF), algorithmic trading, New Fund Offers (NFOs), and credit solutions as well. Groww is now India's largest retail stockbroker in terms of active customers
As described in the offer document.
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Groww raises over Rs 2,984 crore via anchor over 100 anchor investors ahead of IPO. It attracted several leading global investors to become its shareholders, such as Goldman Sachs, Morgan Stanley, the Government of Singapore, Monetary Authority of Singapore, Abu Dhabi Investment Authority, Ashoka WhiteOak, Prudential HK, Eastspring Investments, Amundi Funds, Societe Generale, and Wellington Management.
The anchor book saw participation from HDFC AMC, Kotak Mahindra AMC, Nippon Life India, SBI Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life AMC, Motilal Oswal AMC, Mirae Asset, Franklin, Tata MF, HSBC MF, Trust Mutual Fund, and Mahindra Manulife.
Lalit Keshre, Harsh Jain, Ishan Bansal, Neeraj Singh. Promoter holding 27.98% before the issue.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Billionbrains Garage Ventures (Groww) IPO was a ₹6,632.3 crore book-built issue, comprising a fresh issue of ₹1,060 crore and an offer for sale of ₹5,572.3 crore. It was priced at ₹95–₹100 per share with a lot size of 150 shares (₹15,000). The IPO was open from November 4 to November 7, 2025 and was subscribed 17.6x. Shares listed on BSE and NSE on November 12, 2025 at ₹112, a 12.0% premium to the issue price of ₹100.
MUFG Intime India Pvt. Ltd is the registrar. Kotak Mahindra Capital and 4 other book running lead managers manage the issue.
The price band of Billionbrains Garage Ventures (Groww) IPO is ₹95 to ₹100 per share.
The lot size of Billionbrains Garage Ventures (Groww) IPO is 150 shares.
The minimum investment for Billionbrains Garage Ventures (Groww) IPO is approximately ₹15,000 based on the upper price band.
The allotment date of Billionbrains Garage Ventures (Groww) IPO is Nov 10, 2025.
Billionbrains Garage Ventures (Groww) IPO's final recorded GMP before listing was ₹4 per share (a 4% premium over the ₹100 upper price band). The shares listed at ₹112. GMP is unofficial and does not forecast or guarantee the actual listing price.
Billionbrains Garage Ventures (Groww) IPO listed on Nov 12, 2025. It was issued at ₹112.0(NSE) and is currently around ₹196.50 as on 2-Nov-2026 3:30 PM, which is approximately 96.5% versus issue price. The 52-week high is ₹227.20.
You can check Billionbrains Garage Ventures (Groww) IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Billionbrains Garage Ventures (Groww) IPO allotment status on Rupix for quick and easy access.
₹95 to ₹100 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 150 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹15,000.
₹15,000, for one lot of 150 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 4 November 2025 and closed on 7 November 2025.
The basis of allotment was published on 10 November 2025 by MUFG Intime India Pvt. Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 12 November 2025 on BSE, NSE.
The issue size was ₹6632.3 crore. The fresh issue was 10,60,00,000 shares (aggregating up to ₹1060 crore). The offer for sale was 55,72,30,051 shares (aggregating up to ₹5572.3 crore).