Mumbai: Billionbrains Garage Ventures Limited, popularly known for its brand Groww, has announced the opening of its Initial Public Offer (Groww IPO) on Tuesday, November 4, 2025.
The subscription window will remain open until Friday, November 7, 2025, while the Anchor Investor bidding period is scheduled for Monday, November 3, 2025.
Groww IPO price band fixed at ₹95–₹100 per equity share
The company has set the price band for the IPO between ₹95 and ₹100 per equity share with a face value of ₹2 each.
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The floor price is 47.50 times and the cap price is 50.00 times the face value. Investors can place bids for a minimum of 150 equity shares and in multiples of 150 thereafter.
Groww IPO comprises fresh issue and offer for sale
The Groww IPO includes a fresh issue of equity shares aggregating up to ₹10,600 million and an offer for sale of up to 557,230,051 equity shares by existing shareholders.
Listing and lead managers
The equity shares offered through the Groww IPO are proposed to be listed on both BSE Limited (BSE) and National Stock Exchange of India Limited (NSE), with NSE designated as the lead stock exchange.
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, and Motilal Oswal Investment Advisors Limited are serving as the Book Running Lead Managers (BRLMs) for the Groww IPO.
