Billionbrains Garage Ventures Limited IPO

Billionbrains Garage Ventures Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹95 - ₹100

Total Issue

₹6,632.30 Cr

Bid Dates

04 Nov - 07 Nov

Subscription

17.60x

Est. GMP

₹5.25 (5.25%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Billionbrains Garage is a direct-to-customer digital investment platform offering a wide range of financial products and services. It was India’s largest and fastest-growing investment platform by active users on NSE as of June 30, 2025, according to the Redseer Report. Through its Groww app and website, customers can invest and trade in stocks (including via IPOs), derivatives, bonds, mutual funds and other instruments, and also avail margin trading and personal loans. Its in-house technology platform and intuitive design deliver a seamless and engaging investing experience.

Lot Info

Lot Information for Groww IPO
Category Lots Shares Amount
Retail (Min) 1 150 ₹15,000
Retail (Max) 13 1,950 ₹1,95,000
S-HNI (Min) 14 2,100 ₹2,10,000
S-HNI (Max) 66 9,900 ₹9,90,000
B-HNI (Min) 67 10,050 ₹10,05,000

Category Reservation

QIB 75%
NII 15%
Ret 10%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹6,632.30 Cr
Fresh Issue
₹1,060.00 Cr (10.60 Cr Shares)
Offer For Sale
₹5,572.30 Cr (55.72 Cr Shares)

Objects of Issue

  1. Expenditure towards cloud infrastructure
  2. Brand building and performance marketing activities
  3. Investment in material subsidiary Groww Creditserv Technology Private Limited (GCS) to augment its capital base.
  4. Investment in material subsidiary Groww Invest Tech Private Limited (GIT) to fund its MTF business.
  5. Funding inorganic growth through unidentified acquisitions and general corporate purposes

Grey Market Premium

GMP ₹5.25
Est. Price ₹105.25
Est. Gain 5.25%

Groww IPO Peer Comparison

(Rs. in crores)

Groww IPO Peer Comparison Table
Particulars Groww Angel One Motilal Oswal 360 One WAM Nuvama Wealth Prudent
Revenue from Ops (in Crs.) 3,901.72 5,238.38 8,339.05 3,295.09 4,158.27 1,103.56
PAT (In Crs.) 1,824.37 1,172.08 2,508.18 1,015.30 985.06 195.65
EPS - Basic 3.34 130.05 41.83 27.14 276.66 47.25
NAV per share 8.89 623.72 185.24 188.89 979.11 161.25
RONW 37.57% 20.85% 22.64% 14.37% 28.22% 29.30%
PAT Margin 44.92% 22.34% 29.80% 27.56% 23.63% 17.26%
Price to earning (PE) 29.94 19.80 24.88 45.20 26.85 58.92
  • All information pertains to FY 2024-25.
  • PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 23, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Groww IPO
Particulars Jun-25 Mar-25 Mar-24 Mar-23
Revenue from Operations 904.40 3,901.72 2,609.28 1,141.53
Profit after Tax 378.37 1,824.37 -804.94 457.66
Net Worth 5,995.45 4,855.35 2,542.64 3,316.75
Total Borrowing (Excl securities) 324.08 351.99 24.06 0.00
Total Assets 12,713.18 10,077.31 8,017.97 4,807.78
NAV per share (in ₹) 10.47 8.89 4.75 6.20
EPS - Basic (in ₹) 0.66 3.34 -1.50 0.86

KPIs

EBITDA

59.11%

PAT

44.92%

AARPU

3,339.28

Active Users

1.39 Crore

PE Ratio

29.94

PB Ratio

11.25

Mkt Cap (in Crs.)

61,735.97

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

28.00%

Public

72.00%

Lalit Keshre 9.12%
Harsh Jain 6.72%
Neeraj Singh 6.25%
Ishan Bansal 4.53%
Others 1.38%

Management

Gaurang Shah Chairman
Lalit Keshre CEO
Ishan Bansal CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Subscription Status

Updated as on 07-Nov-2025 19:00:00

Mainboard Subscription Status for Groww IPO
Category Sub (x) Offered Bids
QIB 22.02 19,89,69,015 4,38,03,79,950
NII 14.20 9,94,84,508 1,41,28,99,200
bHNI 16.28 6,63,23,005 1,07,98,37,100
sHNI 10.04 3,31,61,503 33,30,62,100
Retail 9.43 6,63,23,005 62,54,21,250
Total 17.60 36,47,76,528 6,41,87,00,400

Frequently Asked Questions

What is Groww IPO?
Groww IPO is a Mainboard IPO having an issue size of ₹6,632.30 Crs. Groww IPO is priced at ₹95 - ₹100 per share. The issue opens on 04 Nov 25 and closes on 07 Nov 25.
When will Groww IPO open?
Groww IPO opens on 04 Nov 25 and closes on 07 Nov 25.
What is the GMP of Groww IPO?
The estimated Grey Market Premium of Groww IPO is ₹5.25 per share (5.25%).
What is the lot size of Groww IPO?
The minimum lot size of Groww IPO is 150 shares & the minimum application amount is Rs. 15000.
When is the allotment of Groww IPO?
The allotment date of Groww IPO is 10 Nov 25.
What is the listing date of Groww IPO?
The listing date of Groww IPO is 12 Nov 25.
What is the subscription of Groww IPO?
Groww IPO is subscribed 17.60 times.
What is the price band of Groww IPO?
Groww IPO is priced at ₹95 - ₹100 per share.
How to check allotment status of Groww IPO?
Click the allotment link on Groww IPO page of IPO360.
How to apply Groww IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Groww IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Groww IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Groww IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date