The much-awaited Groww IPO is finally here! Billionbrains Garage Ventures Ltd, the parent company of Groww, is gearing up for one of India’s most significant fintech listings in 2025. If you’ve been waiting for the Groww IPO details, including the price band, dates, financials, and valuation, here’s a complete breakdown of everything investors need to know.
For readers following unlisted and upcoming IPO updates, you can explore Groww unlisted shares
About Groww – Revolutionizing Investing in India
Founded in 2016 by four ex-Flipkart employees — Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh — Groww started as a mutual fund investment app and has evolved into a full-fledged wealth-tech platform. Today, Groww offers a wide range of investment products, including:
- Stocks, Mutual Funds, ETFs, and IPOs
- Derivatives and F&O Trading
- Digital Gold and US Stocks
- Fixed Deposits and Credit Solutions
With its clean interface, app-first approach, and strong digital presence, Groww has made investing as simple as online shopping for millions of Indians. As of June 2025, it serves over 12.6 million active clients, holding a 26% market share among NSE-registered retail brokers — the largest in India.
Groww IPO Details at a Glance
| Particulars | Groww IPO Details |
| Company Name | Billionbrains Garage Ventures Ltd (Groww) |
| IPO Type | Fresh Issue + Offer for Sale (OFS) |
| Total Issue Size | Approx. ₹7,000 crore |
| Fresh Issue Size | ₹1,060 crore |
| Offer for Sale (OFS) | ₹5,572 crore |
| IPO Price Band | ₹95 – ₹100 per share |
| Face Value | ₹2 per share |
| IPO Opening Date | November 4, 2025 |
| IPO Closing Date | November 7, 2025 |
| Basis of Allotment | November 10, 2025 |
| Refunds Initiation | November 11, 2025 |
| Expected Listing Date | November 12, 2025 |
| Listing Exchanges | BSE and NSE |
| Minimum Lot Size | 150 Shares |
| Minimum Investment | ₹15,000 |
| Maximum Retail Investment | ₹1,95,000 |
| Registrar | MUFG Intime India Pvt Ltd |
| Lead Book Running Managers | Kotak Mahindra Capital, J.P. Morgan India, Citigroup Global Markets, Axis Capital, Motilal Oswal Investment Advisors |
Groww IPO Valuation & Fundraising Plan
The Groww IPO valuation is estimated at nearly ₹70,400 crore ($8 billion) post-listing. The company aims to raise ₹7,000 crore, comprising:
- ₹1,060 crore from fresh issue, primarily to boost Tier-I capital and strengthen its NBFC arm (Groww Credit Services).
- ₹5,572 crore through an Offer for Sale (OFS), providing exit opportunities to early investors such as Ribbit Capital, Peak XV Partners, Tiger Global, and Satya Nadella (Microsoft CEO).
Notably, Groww’s anchor investors may include leading mutual funds and sovereign funds from EMEA regions, underlining institutional confidence in the IPO.
Groww IPO Share Allocation
| Category | Allocation |
| Qualified Institutional Buyers (QIB) | 75% |
| Non-Institutional Investors (NII) | 15% |
| Retail Investors | 10% |
The retail quota is modest at 10%, given strong expected participation from institutional bidders.
Groww Financial Performance
Revenue & Profit Growth
| Period | Revenue (₹ crore) | Net Profit (₹ crore) |
| Q1 FY26 | 904.4 | 378.4 |
| Q1 FY25 | 1,000.8 | 338.0 |
| FY25 | 3,901.7 | 1,824.4 |
| FY24 | 2,609.3 | -805.5 |
| FY23 | 1,141.5 | 457.7 |
Key Financial Insights:
- Revenue Growth: FY25 revenue surged 49% YoY, reflecting strong traction in trading and investment volumes.
- Profitability: A robust net profit of ₹1,824 crore in FY25, a sharp turnaround from FY24’s loss.
- Margins: EBITDA and PAT margins hover around 59%, a benchmark among fintech peers.
- Cash Flow Volatility: FY25 saw temporary negative cash flows due to platform expansion and regulatory compliance costs.
Groww Business Segments
- Brokerage & Trading: Simplified platform for equities, derivatives, ETFs, and IPOs.
- Mutual Fund Distribution: Zero-commission model with digital onboarding.
- NBFC Lending: Provides Margin Trading Facility (MTF) and small-ticket credit.
- Financial Education (Groww Learn): Empowers retail investors through educational tools and content.
Groww’s asset-light, scalable, and tech-driven model minimizes costs and maximizes growth — largely powered by organic acquisition and in-house technology.
Sector Outlook & Market Context
India’s retail investing market is undergoing explosive growth — with 16 crore+ Demat accounts as of June 2025. Platforms like Groww, Zerodha, and Upstox are driving this wave of digital financial inclusion.
The WealthTech sector in India is projected to grow at a CAGR of 27% (2025–2030), powered by increasing financial literacy, mobile adoption, and regulatory support.
Government initiatives, SEBI’s awareness programs, and rising millennial participation continue to favor long-term growth for digital brokers like Groww.
Groww IPO Strengths, Risks, and Opportunities
Strengths
- India’s largest fintech broker by active investors.
- High profit margins and consistent growth momentum.
- Fully digital and scalable business model with minimal fixed-cost burden.
- Diversified presence across brokerage, lending, and distribution.
Risks
- Regulatory changes in derivatives and F&O trading could affect revenues.
- Heavy reliance on retail trading volumes linked to market sentiment.
- Rising cybersecurity and compliance costs due to evolving data regulations.
Opportunities
- Expanding millennial investor base and digital penetration.
- Diversification into insurance, SIP automation, and global investments.
- Potential to replicate success in South Asia and emerging markets.
Groww IPO Review – Should You Invest?
The Billionbrains Garage Ventures Ltd (Groww) IPO is one of India’s most anticipated fintech listings of 2025. With solid profitability, a user-first digital model, and sustained growth, Groww stands as a strong long-term investment candidate for investors seeking exposure to the digital wealth management revolution. If you’re tracking upcoming listings or exploring the unlisted space, visit Delisted Stocks for the latest IPO updates, valuations, and company insights
However, investors should remain mindful of regulatory dependencies and market-linked risks that could influence short-term performance.
