Billionbrains Garage Ventures Limited (Groww) IPO
Billionbrains Garage Ventures Limited (Groww) IPO
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The Initial Public Offering of Billionbrains Garage Ventures Limited (Groww)'s culminated in its successful listing on 12-11-2025 at the NSE, BSE trading platform. The company secured 66,32,30,051 Shares through this capital market exercise, with 10,60,00,000 Shares allocated to new capital formation and ₹5572.30 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹95 to ₹100, with minimum investment requirements of 150 shares. The subscription period from 04-11-2025 to 07-11-2025 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 10-11-2025. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Billionbrains Garage IPO About Company
Incorporated in 2017 and headquartered in Bengaluru, Groww is a technology-driven fintech company offering a direct-to-customer digital investment platform that helps retail investors build wealth through a wide range of financial products. Its platform allows users to invest in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and U.S. stocks through an easy-to-use mobile and web interface. The company also provides value-added services such as margin trading facilities, algorithmic trading, new fund offers, and credit-based products. Groww’s business model focuses on expanding its retail customer base and deepening engagement through diverse investment options and long-term relationships. Its offerings include stock and derivatives broking, mutual funds, margin trading, credit solutions, and asset management services under Groww AMC. As of June 30, 2025, the company employs 1,415 people and has built a strong presence across cities, towns, and villages in India, making it one of the country’s most popular digital investing platforms.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Billionbrains Garage IPO Strength Factors
- Strong Brand Recognition: “Groww” is a trusted name among retail investors across India, known for simplicity and transparency.
- High Customer Loyalty: Strong retention and engagement reflect user trust and low price sensitivity.
- User-Friendly Platform: Simple and intuitive design makes investing easy for both new and tech-savvy users.
Billionbrains Garage IPO Risk Factors
- Revenue Dependence on Broking: With 84.5% of revenue from broking, any drop in trading activity could impact profitability.
- Technology & System Risks: Platform reliability is crucial; outages or cybersecurity issues could disrupt services and damage trust.
- Market Volatility Exposure: Economic or policy changes may affect trading volumes and investor sentiment, impacting performance.
Billionbrains Garage IPO Lead Manager(s)
- J.P. Morgan India Private Limited
Billionbrains Garage IPO Promoter(s)
- Lalit Keshre
- Harsh Jain
- Ishan Bansal
- Neeraj Singh
Billionbrains Garage IPO FAQs
Billionbrains Garage Ventures Limited (Groww) IPO subscribed 17.6 times. The public issue subscribed 9.43 times in the retail category,22.02times in QIB, and 16.28 times in the HNI (10+) category byNovember 12, 2025 4:15:00 AM (Day 12).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Billionbrains Garage IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Billionbrains Garage IPO FAQs
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The basis of allotment for Billionbrains Garage Ventures Limited (Groww) IPO is available now.
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