The market has been buzzing all week, and today the spotlight shifts firmly to the eagerly awaited Groww IPO. When a well-known digital investment platform finally steps into the public market, traders naturally sit up a little straighter. And that’s exactly what we’re seeing right now.
The parent company, Billionbrains Garage Ventures Ltd, has officially announced the Groww IPO price band, the dates, and the full breakdown of the offer. With the subscription window set for early November, interest across the “stock market today” space has already picked up pace.
Let’s break it down in a clear, story-like flow—numbers where they matter, context where it helps, and simplicity throughout.
Market Performance and Context
This week, the broader market narrative has been shaped by a mix of global cues and domestic listings.
In that backdrop, the Groww IPO details have added a new layer of excitement.
Investors tracking stock market today developments have been waiting for this update, especially given the rise of digital-first investment platforms in India. And with Groww already holding a massive user base, the upcoming listing has drawn considerable curiosity.
Main News: Groww IPO Price Band and Subscription Dates Finalized
Billionbrains Garage Ventures Ltd has set the Groww IPO price band at ₹95 to ₹100 per equity share, each carrying a face value of ₹2.
The subscription phase will open and close within a compact four-day window.
Key IPO Dates
- Groww IPO date (subscription start): November 4
- Groww IPO date (subscription close): November 7
- Anchor allocation: November 3
The pricing metrics also leave no room for confusion:
- Floor price: 47.50 times the face value
- Cap price: 50 times the face value
And for those curious about participation:
- Groww IPO lot size: 150 equity shares, and in multiples of 150 thereafter.
The share reservation structure follows a clear, regulatory pattern:
- 75% of the issue for Qualified Institutional Buyers (QIBs)
- 15% for Non-Institutional Investors (NII)
- 10% for Retail Investors
The timeline after subscription is equally streamlined:
- Basis of allotment: November 10
- Refund initiation: November 11
- Shares credited to demat: November 11
- Groww share price listing date: November 12
The company plans to list on both major exchanges—BSE and NSE.
Groww IPO Details: Offer Size, Fund Allocation, and Structure
The offer is a mix of fresh issuance and an offer for sale (OFS).
Every number shared by the company adds another layer to understanding the full picture.
Offer Breakdown
- Fresh issue: ₹1,060 crore
- Offer for Sale (OFS): 55.72 crore equity shares to be sold by existing investors
Utilization of Funds
The company has laid out a detailed roadmap for how it intends to deploy the proceeds from the fresh issue:
- ₹152.5 crore for cloud infrastructure
- ₹225 crore for brand development and performance marketing
- Funds for inorganic growth opportunities
- ₹205 crore to strengthen the capital base of Groww Creditserv Technology Pvt. Ltd (NBFC)
- ₹167.5 crore to support MTF operations under Groww Invest Tech Pvt. Ltd
These allocations reflect how the company is preparing to scale its ecosystem across technology, brand presence, and capital depth.
Company Details: Groww’s User Base, Revenue, and Profit Surge
Groww began as a simple idea—make investing accessible. Today, it stands as one of India’s largest investment platforms by active NSE users.
Its offerings include stocks, derivatives, bonds, mutual funds, IPO participation, and a suite of other investment products.
Financial Performance (As Shared in the Reference Data)
FY25:
- Revenue: ₹3,902 crore (up 49% YoY)
- Net Profit: ₹1,824 crore
- (Turnaround from a loss of ₹805 crore in FY24)
Q1 FY26:
- Revenue: ₹904 crore
- Net Profit: ₹378 crore
User Base:
- 12.6 million active clients (NSE) as of June 2025
- 26.3% market share among retail investors
These numbers show how deeply Groww has integrated into India’s investment landscape.
Summary
The Groww IPO marks a significant chapter for Billionbrains Garage Ventures Ltd and one of the most widely recognized digital investment brands in India.
Here’s the essence:
- Price band: ₹95–₹100
- Groww IPO date: November 4–7
- Lot size: 150 shares
- Fresh issue: ₹1,060 crore
- OFS: 55.72 crore shares
- Listing date: November 12
- Strong financial turnaround in FY25 and Q1 FY26
- 12.6 million active users by June 2025
Every detail shared aligns with the official data, giving traders and market watchers a clear, concise, and storytelling take on the upcoming listing.
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