Groww's Parent Company Sets IPO Price Band at Rs 95-100, Targets Over $7 Billion Valuation

Billionbrains Garage Ventures, the parent company of the popular stockbroking platform Groww, has announced its Initial Public Offering (IPO). The company has set a price band of Rs 95 to Rs 100 per share, aiming to raise Rs 6,632 crore and achieve a valuation of over Rs 61,700 crore (approximately USD 7 billion). The IPO will open for public subscription on November 4 and conclude on November 7, with a dedicated day for retail investors on November 3. The offering comprises a fresh issue of shares worth Rs 1,060 crore and an Offer For Sale (OFS) where promoters and existing investors will offload shares. Promoters Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal are among those selling shares, alongside investors like Peak XV Partners Investments VI-1 and Ribbit Capital V. The funds raised from the fresh issue will be used for crucial business purposes, including Rs 225 crore for brand building and marketing, Rs 205 crore for its NBFC arm Groww Creditserv Technology Private Limited, Rs 167.5 crore for its Margin Trading Facility (MTF) business, and Rs 152.5 crore for cloud infrastructure. The remaining proceeds will fund acquisitions and general corporate needs. Groww, founded in 2016, has become India's largest stockbroker with over 12.6 million active clients, holding more than 26% market share as of June 2025. The company reported a profit of Rs 1,824 crore in FY25 and maintains high margins. It has successfully expanded into wealth management, commodities, and loans against shares. Groww previously utilized a confidential pre-filing route with SEBI for its IPO. The stock market debut is scheduled for November 12. Impact: This IPO is highly significant for Indian stock market investors. It offers a direct investment opportunity in a leading fintech player experiencing substantial growth and profitability. The successful listing could boost investor confidence in the technology and financial services sectors, potentially leading to increased market activity and further IPOs. It also signifies a major milestone for India's digital economy and the growth of online financial services. The high valuation indicates strong market appetite for well-performing tech companies. Impact Rating: 8/10. Terms: IPO (Initial Public Offering): The first time a private company offers its shares to the public for sale, allowing it to raise capital from investors. OFS (Offer For Sale): A mechanism where existing shareholders (promoters or investors) sell their shares in a company to the public, rather than the company issuing new shares. NBFC (Non-Banking Financial Company): A financial institution that provides services similar to a bank but does not hold a banking license. MTF (Margin Trading Facility): A service allowing investors to trade with a broker's capital, essentially borrowing funds from the broker to increase their trading position. DRHP (Draft Red Herring Prospectus): A preliminary registration document filed with the securities regulator, containing details about the company and the proposed IPO, before the final prospectus is issued. SIP (Systematic Investment Plan): A method of investing a fixed sum of money at regular intervals in a mutual fund scheme, typically monthly. QIB (Qualified Institutional Buyer): Institutional investors like mutual funds, foreign institutional investors, and banks, who are well-equipped to assess investment risks. NII (Non-Institutional Investor): Investors who are not qualified institutional buyers and typically invest larger amounts, such as high net-worth individuals or corporate bodies.