Groww's parent company, Billionbrains Garage Ventures Ltd, files for Rs 6,632 crore IPO

IPO

30th October 2025, 2:55 PM

Groww's parent company, Billionbrains Garage Ventures Ltd, files for Rs 6,632 crore IPO

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Short Description :

Billionbrains Garage Ventures Ltd, the parent company of Indian stockbroking giant Groww, has filed its Red Herring Prospectus for an Initial Public Offering (IPO) to raise Rs 6,632 crore. The IPO is priced between Rs 95 and Rs 100 per equity share and will open for subscription from November 4 to November 7. The funds raised will be utilized for expanding cloud infrastructure, brand development, marketing, and strengthening its non-banking financial subsidiary.

Detailed Coverage :

Billionbrains Garage Ventures Ltd, the holding company of popular investment platform Groww, has announced its upcoming Initial Public Offering (IPO) to raise Rs 6,632 crore. The price band is set between Rs 95 and Rs 100 per equity share. The IPO will open for subscription from November 4 to November 7, with anchor investor allocation on November 3. The issue includes a fresh issue of Rs 1,060 crore and an offer for sale of 55.72 crore shares.

Funds raised will be used for expanding cloud infrastructure (Rs 152.5 crore), brand development and marketing (Rs 225 crore), strengthening its non-banking finance subsidiary, Groww Creditserv Technology (Rs 205 crore), and supporting margin trading operations (Rs 167.5 crore).

Groww, founded in 2016, is a major digital investment platform with 12.6 million active clients as of June 2025. The company reported a net profit of Rs 1,824 crore in FY25, a significant turnaround from a net loss in FY24.

Impact: This IPO is a key event for India's fintech and stockbroking sector, signalling strong investor confidence. It will enable Groww to scale operations and services, potentially impacting its market share and profitability. Investors will watch subscription levels and post-listing performance.

Rating: 9/10

Definitions of Difficult Terms: Red Herring Prospectus (RHP): A preliminary IPO document with essential details, subject to final changes. IPO (Initial Public Offering): A private company's first sale of stock to the public. Offer for Sale (OFS): Existing shareholders selling their stake in the IPO. Cloud Infrastructure: Computing services provided over the internet. Brand Development: Activities to build a brand's identity and reputation. Non-banking Financial Company (NBFC): A financial institution without a banking license. Margin Trading: Trading with borrowed funds from a broker to leverage positions.