Billionbrains Garage Ventures Limited IPO

Mainboard

Stockbroking & Allied

Listed On: Nov 12, 2025 at ₹ 112.0(NSE)

₹ 15000 /150 Shares

Check Allotment

04 Nov, 2025

Open Date

07 Nov, 2025

Close Date

10 Nov, 2025

Allotment Date

12 Nov, 2025

Listing Date

Price Summary

Last Closing

161.20 (61.2%)

52 Week High

193.80

52 Week Low

112.00

Last Update

2-Mar-2026 3:30 PM

Expected Premium

₹ 4-5 (4%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Billionbrains Garage Ventures (Groww IPO) IPO Live Subscription Details

View Subscription Details

QIB 22.02x

Retail 9.43x

NIIs 14.20x

BHNI 16.28x

SHNI 10.04x

Retail 9.43x

Total 17.60x

Last updated: 07 Nov 2025, 06:55 PM

Billionbrains Garage Ventures (Groww IPO) IPO Issue Details

Issue Price ₹95-100 per equity share
Face Value ₹2 Per Equity Share
Total Issue Size 66,32,30,051 shares(aggregating up to ₹6632.3 crore)
Fresh Share 10,60,00,000 shares(aggregating up to ₹1060 crore)
Offer For Sale 55,72,30,051 shares(aggregating up to ₹5572.3 crore)
Listing at BSE, NSE
List Price 112.0(NSE)
Listing Date 2025-11-12
Lead Manager Kotak Mahindra Capital
JP Morgan India
Citigroup Global Markets India
Axis Capital
Motilal Oswal Investment Advisors
Registrar MUFG Intime India Pvt. Ltd

Market Lot Size

Investors can bid for a minimum of 150 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (min)	1	150	₹15,000
Retail(max)	13	1,950	₹1,95,000
SHNI(min)	14	2,100	₹2,10,000
SHNI(max)	66	9,900	₹9,90,000
BHNI(min)	67	10,050	₹10,05,000

Billionbrains Garage Ventures (Groww IPO) IPO Reservation

Billionbrains Garage Ventures (Groww IPO) IPO offers total 663230051 shares. Out of which 198969015 (29.93%) allocated to QIB, 99484508 (14.97%) allocated to NII,66323005 (9.98%) allocated to RII, NA (NA%) allocated to employees and 298453523 (44.91%) allocated to Anchor investors.

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	298453523 (44.91%)
QIB Shares Offered	198969015 (29.93%)
NII (HNI) Shares Offered	99484508 (14.97%)
bNII > ₹10L	66323005 (10%)
sNII < ₹10L	33161503 (5%)
Retail Shares Offered	66323005 (9.98%)
Total Shares Offered	663230051 (100%)

Billionbrains Garage Ventures (Groww IPO) IPO Documents

DRHP

RHP

ANCHOR

Billionbrains Garage Ventures (Groww IPO) IPO Details

Billionbrains Garage Ventures (Groww IPO) IPO is a book-built issue of ₹6632.3 crores, The total issue size is ₹6632.3 crores. The IPO of Billionbrains Garage Ventures (Groww IPO) is priced at ₹95-100 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Nov 4, 2025 and ends on Nov 7, 2025. The allotment for Billionbrains Garage Ventures (Groww IPO) IPO will be finalized on Nov 10, 2025. Billionbrains Garage Ventures (Groww IPO) IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 12, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Pvt. Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 150 shares, extendable to 15,000. S-HNIs will be able to bid for 2,100 shares at ₹2,10,000, while B-HNIs can also apply for a bid of 10,050 shares at ₹10,05,000. The book-running lead manager for the IPO is/are Kotak Mahindra Capital, JP Morgan India, Citigroup Global Markets India, Axis Capital, Motilal Oswal Investment Advisors.

The total issue ₹6632.3 crore, comprising a fresh issue of 10,60,00,000 shares ₹1060 crore and having Offer for Sale (OFS) of 55,72,30,051 shares to mop up ₹5572.3 crore.

The Billionbrains Garage Ventures (Groww IPO) IPO sets its price band at 95-100 for each share. A single application for Billionbrains Garage Ventures Limited IPO must contain at least 150 shares. Sentiment investors need to invest a minimum of 150 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹15,000 In order to participate in the sNII, investors must purchase at least 14 lots of 2,100 shares for ₹2,10,000, while the bNII requires 67 lots of 10,050 shares for an investment of ₹10,05,000.

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	19,89,69,015	9,94,84,508 6,63,23,005 3,31,61,503	6,63,23,005	36,47,76,528
Day 1 04-11-25 05:00 PM	0.10 x	0.60 x 0.41 x 0.97 x	1.93 x	0.57 x
Day 2 06-11-25 05:00 PM	0.20 x	2.27 x 1.80 x 3.19 x	5.08 x	1.65 x
Day 3 07-11-25 05:00 PM	22.02 x	14.20 x 16.28 x 10.04 x	9.43 x	17.60 x

Total No of Applications

32,34,039

Subscription on the basis of Applications

Retail:6.65x BHNI:3.24x SHNI:9.21x

Billionbrains Garage Ventures (Groww IPO) Valuations

EPS Pre IPO ₹3.01/-

EPS Post IPO ₹2.45/-

P/E Pre IPO 33.26

P/E Post IPO 40.79

RoNW 37.57%

PAT Margin 44.92%

Price to Book Value 11.76

Market Cap. 61,735.97 Cr.

Billionbrains Garage Ventures (Groww IPO) Company Financials

In Crs.

In Cr.

	30-Jun-25	31-Mar-25	31-Mar-24	31-Mar-23
Assets	12713.18	10077.31	8017.97	4,807.78
Revenue	948.47	4061.65	2795.99	1,260.96
Profit After Tax	378.37	1824.37	-805.45	457.72
Net Worth	5995.45	4855.35	2542.64	3,316.75
Reserves & Surplus	5506.78	3251.92	2477.76	4,445.63
Total Borrowing	324.08	351.99	24.06	N/A

About Billionbrains Garage Ventures (Groww IPO) Company

Start-up in 2017, Groww is a Bengaluru fintech firm that offers mutual fund, stock, F&O, ETF, IPO, digital gold, and US stock investing platforms for retail investors in India. Its mobile application is most sought after by mutual fund investors.

Groww provides value-added products like Margin Trading Facility (MTF), algorithmic trading, New Fund Offers (NFOs), and credit solutions as well.

Groww is now India's largest retail stockbroker in terms of active customers

Billionbrains Garage Ventures (Groww IPO) - Promoter(s)

Lalit Keshre

Harsh Jain

Ishan Bansal

Neeraj Singh

Pre Issue Share Holding : 27.98%

Post Issue Share Holding : N/A%

Billionbrains Garage Ventures (Groww IPO) IPO - Issue Objectives

Expenditure towards cloud infrastructure – ₹152.50 Cr

Brand building and performance marketing activities – ₹225.00 Cr

Investment in one of the Material Subsidiaries, GCS, an NBFC, for augmenting its capital base – ₹205.00 Cr

Investment in one of the Material Subsidiaries, GIT, for funding its MTF business – ₹167.50 Cr

Funding inorganic growth through unidentified acquisitions and general corporate purposes

Billionbrains Garage Ventures (Groww IPO) IPO - Anchor Investors

Groww raises over Rs 2,984 crore via anchor over 100 anchor investors ahead of IPO.

It attracted several leading global investors to become its shareholders, such as Goldman Sachs, Morgan Stanley, the Government of Singapore, Monetary Authority of Singapore, Abu Dhabi Investment Authority, Ashoka WhiteOak, Prudential HK, Eastspring Investments, Amundi Funds, Societe Generale, and Wellington Management.

The anchor book saw participation from HDFC AMC, Kotak Mahindra AMC, Nippon Life India, SBI Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life AMC, Motilal Oswal AMC, Mirae Asset, Franklin, Tata MF, HSBC MF, Trust Mutual Fund, and Mahindra Manulife.

Billionbrains Garage Ventures (Groww IPO) IPO - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Revenue(in Cr.)
Groww Billionbrains Garage	N/A	N/A	37.5%	3901
Angel One	N/A	19.8	20.8%	5238
Motilal Oswal Fin	N/A	24.8	22.6%	8339
360 One Wam	N/A	45.2	14.3%	3295
Nuvama Wealth	N/A	26.8	28.2%	4158
Prudent Corporate	N/A	58.9	29.3%	1103

Strength

Strong Brand Recognition and Trust: In India, both urban and rural retail investors widely recognize and trust the brand 'Groww' for its transparency and ease of use.

Customer Retention and Engagement: The high retention rate and active engagement define a loyal customer base with low price sensitivity and high platform stickiness.

Simple, User-Friendly Platform: Customer-oriented interface enhances access and investment experience, hence rapid adoption among first-time and tech-savvy investors.

Weakness

Dependence on Broking Services: Broking services formed 84.50% of total operating revenue in FY 2025. Thus, it has emerged that any fall in trading activity or customer preference for the same will significantly affect revenues and profitability.

Technology Reliability and System Risks: It is critical that the online service delivery platform is continuously accessible. Any system failure, downtime, or cybersecurity breach could bring down this business and harm brand credibility.

Market volatility may be exposed to adverse conditions due to an economic downturn, policy changes, or instability in global markets, which could hurt trading volumes and investor sentiment.

Contact Details

Billionbrains Garage Ventures (Groww IPO)

Vaishnavi Tech Park, South Tower, 3rd Floor Sarjapur Main Road, Bellandur Bangalore Urban, Karnataka - 560103

+91 80 6960 1300

corp.secretarial@groww.in

http://www.groww.in/

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

groww.ipo@in.mpms.mufg.com

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Billionbrains Garage Ventures (Groww IPO) IPO - FAQs

Ans. Billionbrains Garage Ventures Limited IPO is a Mainboard IPO. The issue is priced at ₹95-100 per equity share. The minimum order quantity is 150 Shares. The IPO opens on Nov 4, 2025, and closes on Nov 7, 2025. MUFG Intime India Pvt. Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Billionbrains Garage Ventures Limited IPO opens on Nov 4, 2025 and closes on Nov 7, 2025.

Ans. You can track the real-time subscription numbers using the links below:

Ans. The size of Billionbrains Garage Ventures Limited IPO is Total 6,632.30 Cr : #Fresh Issue : 10,60,00,000 shares(aggregating up to ₹1,060.00 Cr) + #OFS : 55,72,30,051 shares of ₹2(aggregating up to ₹5,572.30 Cr).

Ans. The Billionbrains Garage Ventures Limited IPO price band is set between ₹95-100 per equity share.

Ans. To apply for Billionbrains Garage Ventures Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Billionbrains Garage Ventures Limited IPO in the List of IPOs
- Press Apply Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Billionbrains Garage Ventures Limited IPO is Nov 10, 2025.

Ans. The Billionbrains Garage Ventures Limited IPO will be listed on Nov 12, 2025.

Ans. Follow the steps to check the Billionbrains Garage Ventures Limited IPO allotment status online.