The Initial Public Offer of Billionbrains Garage Ventures (Groww) will open on Tuesday, November 04, 2025
FinTech BizNews Service
Mumbai, October 30, 2025: Billionbrains Garage Ventures Limited ( Groww) shall open the Bid/Offer in relation to its initial public offer of Equity Shares on Tuesday, November 4, 2025. Groww is the only investment app in India to cross 100 million cumulative downloads as of June 30, 2025.
Mr. Lalit Keshre, Whole-Time Director and Chief Executive Officer, Billionbrains Garage Ventures Limited (Groww)
The Price Band of the Offer has been fixed at Rs 95 to Rs 100 per Equity Share. (“Price Band”). Bids can be made for a minimum of 150 Equity Shares and in multiples of 150 Equity Shares thereafter.
The initial public offer of Equity Shares of face value Rs 2 per share (“Total Offer Size”) comprises a fresh issue of up to Rs 10,600 million (“Fresh Issue”) and an offer for sale of up to 557,230,051 Equity Shares (“Offer for Sale”).
The Anchor Investor Bidding Date shall be Monday, November 3, 2025, and the Bid/Offer shall close on Friday, November 7, 2025.
The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the Stock Exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE, and together with the BSE, the “Stock Exchanges”). For the purposes of the Offer, the Designated Stock Exchange shall be NSE.
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers to the Offer (the "BRLMs").
Groww was started to provide a customer-first, technology-led investment platform:
Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh were colleagues at Flipkart India and had experience in technology products and services.
Around 2016, they realized that investing was complicated, localized to certain cities, expensive, and people had a limited understanding of investment products and services.
The number of active users on NSE as of March 31, 2016 was about 5 million, which demonstrated low penetration and participation in capital markets.
Having witnessed how new-age technology companies had impacted multiple sectors in India (such as retail, food and travel), they started Groww to provide a customer-first, technology-led investment platform.
As on June 30, 2025, the number of active users on NSE was 47.89 million, having grown approximately nine times from 2016. Further, Groww is the only investment app in India to cross 100 million cumulative downloads as of June 30, 2025.
