Kolkata: The much talked-about Groww IPO opens for bidding today, November 4. Billionbrains Garage Ventures is the parent company of Groww, which is one of the most prominent digital investment platforms in India. Billionbrains Garage Ventures has mobilised more than Rs 2,984 crore from anchor investors on November 3. The list of anchor investors witnessed a rush from as many as 102 funds such as Abu Dhabi Investment Authority, Government of Singapore, Monetary Authority of Singapore, Goldman Sachs, Morgan Stanley, HDFC Mutual Fund, Kotak Mahindra MF, Nippon India MF, SBI MF, Axis MF, Aditya Birla Sun Life MF, Mirae Asset, Motilal Oswal MF and ICICI Prudential Life Insurance.
The Groww IPO is designed to raise Rs 6,632.30 crore through both a fresh issue of 10.60 crore shares ands an OFS of 55.72 crore shares. The fresh shares are supposed to mop up Rs 1,060.00 crores while the OFS part will mobilise Rs 5,572.30 crores. The company sold 29.84 crore of shares to anchor investors to raise Rs 2,984.5 crore in all at a price of Rs 100 per share. Groww was set up in 2016 and it quickly emerged as the country’s largest stockbroker with over 1.26 crore active clients and more than 26% market share (as of June 2025).
Groww IPO GMP
According to investorgain, the Groww IPO GMP on the morning of November 4 was Rs 17. Considering the upper range of the price band at Rs 100, the listing gain that Groww IPO could generate is 17.00%. The GMP has crept up from Rs 10 on October 82. However, it must be kept in mind that GMP is an unofficial gauge that changes with time and does not guarantee anything — listing gain or loss.
Groww IPO price bid, lot size
The Groww IPO price band has been fixed at Rs 95-100. For a retail investor, the minimum lot size is 150 for which he/she has to cough up an application amount of Rs 15,000 based on upper end of the price range. For sNII investors, the smallest lot is 2,100 shares and for the bNII category of investors the smallest lot is 10,050 shares. Kotak Mahindra Capital is the book running lead manager and MUFG Intime India is the registrar of the issue.
Groww IPO significant dates
IPO Open: Nov 4-7, 2025
Allotment: Nov 10
Refund: Nov 11
Credit of shares to demat: Nov 11
Listing: Nov 12
Cut-off time for UPI mandate confirmation: 5 pm on Nov 7
In the OFS segment, the company’s promoters Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal are offloading up to 10 lakh shares. Institutions such as Peak XV Partners Investments VI-1, YC Holdings II, Ribbit Capital V, GW-E Ribbit Opportunity V, Internet Fund VI Pte Ltd, and Kauffman Fellows Fund, LP are also diluting their stake. The company’s founders have 27.97% of the shares. They have told Sebi that they will abide by a 20% lock-in for one-and-a-half years from the time of listing.
The proceeds of the issue will used thus: Rs 225 crore for brand building and marketing activities, and Rs 205 crore in Groww Creditserv Technology, which is the NBFC arm of the group.
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