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Groww IPO Price Band, GMP Today: Billionbrains Garage Ventures, the parent company of online investment platform Groww, has set the price band for its initial public offering (IPO) at Rs 95-Rs 100 per share, valuing the company at over Rs 61,700 crore (nearly $7 billion). The Rs 6,632-crore IPO will open for subscription on November 4 and close on November 7, with a special one-day early window for retail investors on November 3. Groww IPO Structure and Promoter Participation The IPO consists of a fresh share issue worth Rs 1,060 crore and an offer-for-sale (OFS) of 57.4 crore shares by existing shareholders and founders. Each of the four co-founders — Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal — will sell up to 10 lakh shares. Together, the founders hold 27.97 per cent stake and have committed to a 20 per cent lock-in for 18 months after listing. Their stake sale in the IPO amounts to just 0.07 per cent of the company’s total shares. Peak XV Partners, YC Holdings, Ribbit and other institutional investors will also dilute part of their holdings. Groww IPO GMP Today In the grey market, the company’s shares are currently quoting at Rs 110.5, reflecting a grey market premium of Rs 10.5 over the issue price, or roughly 10.5 per cent. The GMP, however, remains subject to change depending on market sentiment. IPO Proceeds The company plans to use Rs 225 crore for brand building and performance marketing and Rs 205 crore to strengthen the capital base of its NBFC arm, Groww Creditserv Technology. Around Rs 167.5 crore will go towards supporting the margin-trading business through Groww Invest Tech, while Rs 152.5 crore has been allocated for expanding cloud infrastructure. The remaining proceeds will be used for acquisitions and general corporate purposes. Business Growth and Financial Performance Founded in 2016 and based in Bengaluru, Groww has emerged as India’s largest stock broking platform with over 1.26 crore active users and more than 26 per cent market share as of June 2025. The company posted a profit of Rs 1,824 crore in FY25 and ₹378 crore in the first quarter of FY26. It maintains contribution margins of 85 per cent and a net profit margin of about 44 per cent, supported by a lean direct-to-consumer model. More than 80 per cent of new users join the platform organically, and its three-year customer retention rate stands at 77 per cent. On the mutual funds side, Groww contributed ₹34,000 crore to SIP inflows in FY25, representing nearly 12 per cent of the industry’s total, according to AMFI data. The platform has also forayed into wealth management, commodities trading, margin-funding and loans against shares. Groww IPO: Investor Allocation and Listing Plan As per the offer structure, 75 per cent of the issue is reserved for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors. The company is scheduled to list on the stock exchanges on November 12. Lot Size and Minimum Investment The IPO requires a minimum investment of ₹15,000 for retail participants, based on the upper price band, as one lot comprises 150 shares. The minimum lot requirement for small non-institutional investors is 14 lots, while large NIIs need to apply for at least 67 lots.
