Groww's ₹6,632 Crore IPO Hits the Market, Offering Investors a Chance to Ride the Wave

On October 31, 2025, Groww, the digital investment platform operated by Billionbrains Garage Ventures Ltd, unveiled the price band for its highly anticipated ₹6,632 crore Initial Public Offering (IPO). The company has set the price range at ₹95 to ₹100 per equity share, with each share carrying a face value of ₹2.

The IPO will comprise a combination of a fresh issue of equity shares by the company, aggregating up to ₹1,060 crore, and an offer for sale (OFS) of up to 55,72,30,051 equity shares by existing shareholders. This dual structure will allow Groww to raise capital for its growth plans while also providing an exit opportunity for some of its early-stage investors.

The offer for sale includes participation from prominent venture capital firms and early backers of Groww, such as Peak XV Partners Investments VI-1, YC Holdings II, LLC, Ribbit Capital V, L.P., and GW-E Ribbit Opportunity V, LLC, among others. These investors are categorized as "Investor Selling Shareholders" and will be partially divesting their equity holdings through the public issue.

The IPO will follow a book-building process, with not less than 75% of the net offer allocated to Qualified Institutional Buyers (QIBs), up to 15% for Non-Institutional Investors (NIIs), and up to 10% for Retail Individual Investors (RIIs). This allocation structure is designed to ensure broad-based participation from various investor classes.

The bidding process for anchor investors is scheduled to begin on November 3, 2025, while the public bid/offer will open on November 4 and close on November 7. The trading of Groww's equity shares on the stock exchange is planned to commence on or about November 12.