Billionbrains Garage Ventures Limited – IPO

Groww IPO is a book build issue of ₹6,632.30 crores. The issue is a combination of fresh issue of 10.60 crore shares aggregating to ₹1,060.00 crores and offer for sale of 55.72 crore shares aggregating to ₹5,572.30 crores. Groww IPO opens for subscription on Nov 4, 2025, and closes on Nov 7, 2025. The allotment for the Groww IPO is expected to be finalized on November 10, 2025. Groww IPO will list on BSE, NSE, with a tentative listing date fixed as Nov 12, 2025. Groww IPO price band is set at ₹95.00 to ₹100.00 per share. The lot size for an application is 150. The minimum amount of investment required by a retail investor is ₹15,000 (150 shares) (based on the upper price). The lot size investment for sNII is 14 lots (2,100 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (10,050 shares), amounting to ₹10,05,000.

Billionbrains Garage Ventures Limited – IPO Details

IPO Date November 4, 2025 to November 7, 2025
Listing Date November 12, 2025
Face Value ₹ 2 / Share
Price Band ₹ 95 to ₹ 100 / Share
Lot Size 150 Shares
Total Issue Size 66,32,30,051 shares
(Aggregating up to ₹6,632.30 Cr)
Fresh Issue 10,60,00,000 shares
(Aggregating up to ₹1,060.00 Cr)
Offer for Sale 55,72,30,051 shares of ₹2
(Aggregating up to ₹5,572.30 Cr)
Employee Discount
Issue Type Bookbuilding IPO
Listing At BSE, NSE
Share holding pre issue 6,06,75,96,631 shares
Share holding post issue 6,17,35,96,631 shares
Market Maker portion

Billionbrains Garage Ventures Limited Timeline (Tentative Schedule)

Billionbrains Garage Ventures Limited IPO opens on November 4, 2025, and closes on November 7, 2025.

IPO Open Date November 4, 2025
IPO Close Date November 7, 2025
Basis of Allotment November 10, 2025
Initiation of Refunds November 11, 2025
Credit of Shares to Demat November 11, 2025
Listing Date November 12, 2025
Cut-off time for UPI mandate confirmation November 7, 2025

Billionbrains Garage Ventures Limited IPO Lot Size

Investors can bid for a minimum of 150 shares and in multiples thereof.  The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 150 Rs.15,000
Retail (Max) 13 1,950 Rs.195,000
S-HNI (Min) 14 2,100 Rs.210,000
S-HNI (Max) 66 9,900 Rs.990,000
B-HNI (Min) 67 10,050 Rs.1,005,000
HNI (Min)

Billionbrains Garage Ventures Limited IPO Promoter Holding

Share Holding Pre Issue 28%
Share Holding Post Issue

Billionbrains Garage Ventures Limited IPO Reservation

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered
Market Maker Shares Offered
Other Shares Offered
QIB Shares Offered Not less than
75%
NII (HNI) Shares Offered Not more than
15%
bNII > ₹10L
sNII < ₹10L
Retail Shares Offered Not more than
10%
Employee Shares Offered
Total Shares Offered

Billionbrains Garage Ventures Limited IPO Anchor Investors Details

Bid Date
Shares Offered
Anchor Portion Size (In Cr.)
Anchor lock-in period end date for 50% shares (30 Days)
Anchor lock-in period end date for remaining shares (90 Days)

About Billionbrains Garage Ventures Limited

Incorporated in 2017, Groww is a Bengaluru-based fintech company that provides retail investors direct-to-customer digital investment platform that provides wealth creation opportunities to customers through multiple financial products and services.

The company offers platform to invest in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and U.S. stocks. Its mobile app is particularly popular among mutual fund investors.

Groww also offers value-added services such as Margin Trading Facility (MTF), algorithmic trading, New Fund Offers (NFOs), and credit solutions.

Business Model

  • Growing its customer base and
  • Expanding its relationship with customers

Products & Services:

  • Broking services which includes Stocks and Derivatives
  • Products which includes Mutual Funds, MTF, Credit and Groww AMC

As of June 30, 2025, the company had 1415 employees.

Competitive Strengths:

  • “Groww” is a well-known and preferred brand for investing across cities, towns and villages in India.
  • High customer retention, engagement and price in-elasticity.
  • Customer-friendly design for enhancing investing experience.
  • In-house technology stack to deliver a differentiated experience at low cost.
  • Entrepreneurial and ownership-driven culture
  • Strong execution delivering growth and profitability

Key Performance Indicator

The market capitalization of Groww IPO is ₹61735.97 Cr.

KPI Values
ROE
ROCE
Debt/Equity
RoNW 37.57%
P/BV 11.76
PAT Margin (%) 44.92%
  Pre IPO Post IPO
EPS (Rs) 3.01 2.45
P/E (x) 33.26 40.79

Note:

  • The Pre IPO EPS is calculated based on Pre-IPO shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2025, that is available in RHP.

Objects of the Issue (Billionbrains Garage Ventures Limited IPO Objectives)

Billionbrains Garage Ventures Limited Contact Details

Billionbrains Garage Ventures Ltd.

Vaishnavi Tech Park,

South Tower, 3rd Floor

Sarjapur Main Road, Bellandur

Bangalore Urban, Karnataka, 560103

Phone: +91 80 6960 1300

Email[email protected]

Websitehttp://www.groww.in/

Billionbrains Garage Ventures Limited IPO Registrar

MUFG Intime India Pvt.Ltd.

Phone: +91-22-4918 6270

Email[email protected]

Websitehttps://linkintime.co.in/Initial_Offer/public-issues.html

Frequently Asked Questions


What is Billionbrains Garage Ventures Limited IPO?
The Billionbrains Garage Ventures Limited IPO is classified as an Mainline IPO. The issue price is set between ₹95 and ₹100 per equity share. A minimum of 150 shares is required per order. The IPO will be open from November 4, 2025, to November 7, 2025. The shares are proposed to be listed on BSE, NSE.

When does the Billionbrains Garage Ventures Limited IPO open and close?
The Billionbrains Garage Ventures Limited IPO will be opened on November 4, 2025, and closed on November 7, 2025.

What is the issue size of the Billionbrains Garage Ventures Limited IPO?
The size of the Billionbrains Garage Ventures Limited IPO is ₹6,632.30 Crin total. A fresh issue of 10,60,00,000 shares shares, aggregating up to ₹1,060.00 Cr, is included.

What is the price band of the Billionbrains Garage Ventures Limited Limited IPO?
The price band for the IPO has been set between ₹95 - ₹100 per equity share.

What is the allotment date of the Billionbrains Garage Ventures Limited IPO?
The share allotment date for the Billionbrains Garage Ventures Limited IPO is set for November 10, 2025.

What is the Billionbrains Garage Ventures Limited listing date?
The Billionbrains Garage Ventures Limited IPO is scheduled to be listed on November 12, 2025.

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