Copyright thehindubusinessline
The much awaited public offering of Billionbrains Garage Ventures, the parent of investment and trading platform Groww, saw modest response on its opening day with an overall subscription of 57 per cent. The IPO witnessed strong demand from retail investors at 1.91 times subscription, moderate interest from non-institutional investors at 0.59 times, and minimal participation from qualified institutional buyers at 0.10 times. IPO details The company is raising about ₹6,632.3 crore through its IPO, at a price band of ₹95 to ₹100 per equity share. The issue comprises a fresh issue of equity shares worth ₹1,060 crore along with an offer-for-sale (OFS) component of 55.72 crore equity shares by promoters (Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal) and investor shareholders (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 LP). The IPO lot size is 150 equity shares and in multiples thereof. The company raised ₹2,984.5 crore from anchor investors. Use of funds Proceeds from the fresh issue will be directed towards cloud infrastructure and technology investments, marketing and brand-building initiatives, capital infusion into its subsidiaries (including its NBFC arm and margin-trading business) and general corporate purposes. Published on November 4, 2025
