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Fintech platform Groww, operated by Billionbrains Garage Ventures Ltd., is gearing up for a much-anticipated public issue worth Rs 6,632.30 crore. The offering comprises a fresh issue of 10.6 crore shares, valued at Rs 1,060 crore, alongside an offer for sale (OFS) of 55.72 crore shares, totalling Rs 5,572.30 crore. The book-built IPO opens for subscription on November 4, 2025, and will close on November 7, 2025. The tentative allotment date is November 10, 2025, while the company’s shares are expected to debut on both BSE and NSE on November 12, 2025. Price Band And Lot Size Details The price range for Groww’s IPO has been set between Rs 95 and Rs 100 per share, with a face value of Rs 2. Retail investors can start with a minimum investment of Rs 15,000 for 150 shares, the size of one lot. For high-net-worth individuals (HNIs), the investment levels differ: S-HNI (Small HNI): Minimum 14 lots (2,100 shares) – Rs 2,10,000 B-HNI (Big HNI): Minimum 67 lots (10,050 shares) – Rs 10,05,000 Kotak Mahindra Capital Co. Ltd. will serve as the book-running lead manager, while MUFG Intime India Pvt. Ltd. will act as the registrar for the issue. Reservation And Shareholding Structure The IPO follows standard allocation norms: Qualified Institutional Buyers (QIBs): Not less than 75 per cent of the net offer Non-Institutional Investors (NIIs): Not more than 15 per cent Retail Investors: Not more than 10 per cent Groww’s pre-issue shareholding stands at 6,06,75,96,631 shares, which will increase to 6,17,35,96,631 shares after the issue. About Groww Founded in 2016 and headquartered in Bengaluru, Groww is a fast-growing digital investment platform that empowers retail investors with easy access to wealth creation tools. The platform enables users to invest in mutual funds, stocks, ETFs, F&O, IPOs, U.S. equities, and digital gold. The company’s promoters include Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, who have been instrumental in transforming Groww into one of India’s most recognised fintech brands. Get Latest News live on Times Now along with Breaking News and Top Headlines from Business, Companies and around the world.
