The ₹6,632.30 Crore worth Groww (Billionbrain) IPO is anticipated to open on 4 November 2025 and close on 7 November 2025. At face value of ₹2 per share, this is a Bookbuilding IPO. This mainboard IPO will list on both NSE and BSE. The IPO allotment date is 10 November 2025. Moreover, the listing is expected on 12 November 2025.
According to the Groww (Billionbrain) IPO analysis, the price band is ₹95 to ₹100 per share, while the lot size is 150 Shares. Therefore, retail investors need at least ₹15,000 (150 shares) to participate. Moreover, sHNI and bHNI need at least ₹2,10,000 and ₹10,05,000 respectively.
Groww (Billionbrain) IPO Details
Explore the comprehensive and summarised Groww (Billionbrain) IPO review, which includes the Groww (Billionbrain) IPO price, size, date and much more.
| IPO Start Date | 4 November 2025 |
| End Date | 7 November 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹95 to ₹100 |
| Issue size | ₹6,632.30 Cr |
| Lot size | 150 Shares |
| Sale Type | Fresh Capital and Offer For Sale |
| Offer for Sale | ₹5,572.30 Cr |
| Fresh Issue | ₹1,060.00 Cr |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE and NSE |
| Total Issue Size (₹ Cr) | ₹6,632.30 Cr |
| Reserved for Market Maker | Undisclosed |
| Net Offered to Public | Undisclosed |
| Minimum Investment | ₹15,000 |
| Employee Discount | Undisclosed |
Groww (Billionbrain) IPO Timeline
The Groww (Billionbrain) DRHP was filed with the exchange on 24 May 2025. However, it was a confidential filing. The updated DRHP, which is now available to the public, was filed on 16 September 2025, does not yet provide the Groww (Billionbrain) IPO details, like opening and closing dates.
| IPO Open Date | 4 November 2025 |
| IPO End Date | 7 November 2025 |
| Allotment (tentative) | 10 November 2025 |
| Initiation of Refunds | 11 November 2025 |
| Credit of Shares | 11 November 2025 |
| Listing Date (Tentative) | 12 November 2025 |
| UPI Mandate Confirmation Cut-Off Time | 7 November 2025 (5 PM) |
Groww (Billionbrain) IPO Grey Market Premium (GMP)
The Groww (Billionbrain) IPO GMP today (30 October 2025) grew to ₹10.5 from ₹10. This indicates a prospective profit of ₹1575, reflecting a positive market sentiment before listing.
| Date | GMP (₹) | Estimated Listing Price | Estimated Profit | Trend |
| 30.10.2025 | ₹10.5 | ₹110.5 | ₹1575 | 🔼 Increasing |
| 29.10.2025 | ₹10 | ₹10 | – | – |
Groww (Billionbrain) IPO Reservation
Now that we have received a brief outlook of the Groww (Billionbrain) IPO lot size, issue size and others, let us start a detailed breakdown, beginning with the IPO reservation.
| Category | %Shares Offered |
| QIB | Minimum 75% of the net issue |
| NII | Maximum 15% of the net issue |
| Retail Shares Offered | Maximum 10% of the net issue |
| Total | 100% |
Groww (Billionbrain) IPO Key Performance Indicators
The following are key fiscal indicators of the Groww (Billionbrain) Mainboard IPO.
| Particulars | 31 March 2025 | 31 March 2024 | 31 March 2023 |
| ROE | – | – | – |
| ROCE | – | – | – |
| Debt to Equity Ratio | – | – | – |
| RoNW | 37.57% | (31.66)% | 13.80% |
| PAT Margin | 44.92% | (28.81)% | 36.30% |
| EBITDA Margin | 59.11% | 56.37% | 36.47% |
| EPS (Basic) | ₹ 3.34 | ₹ (1.50) | ₹ 0.86 |
| EPS (Diluted) | ₹ 3.19 | ₹ (1.50) | ₹ 0.79 |
Groww (Billionbrain) IPO Financials
The Groww (Billionbrain) share price will be based on both technical and fundamental factors, like the financial metrics discussed below.
| Particulars | 31 March 2025 | 31 March 2024 | 31 March 2023 |
| Revenue | 39,017.23 | 26,092.81 | 11,415.26 |
| Total Asset | 1,00,773.14 | 80,179.67 | 48,077.78 |
| Profit | 18,243.73 | (8,054.50) | 4,577.17 |
(Amount in ₹ Million)
Groww (Billionbrain) IPO Lot Size
Let us move on to the next aspect of the Groww (Billionbrain) IPO details, India.
| Application | Lot Size | Shares | Amount(in ₹) |
| Individual investors (Retail) (Min) | 1 | 150 | ₹15,000 |
| Individual investors (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 |
Groww (Billionbrain) IPO Promoter Holding
Discussed below are the pre-issue and post-issue Groww (Billionbrain) IPO details regarding promoter holding.
| Promoter Holding Pre-Issue | 27.98% |
| Promoter Holding Post Issue |
The promoters of Billionbrains Garage Ventures Ltd. IPO are named below.
- Ishan Bansal
- Lalit Keshre
- Neeraj Singh
- Harsh Jain
Groww (Billionbrain) IPO Anchor Investors Details
The anchor investors of the Groww (Billionbrain) IPO need to know the following criteria.
| Bid Date | 3 November 2025 |
| Anchor Portion Size (In Cr.) | Undisclosed |
| Shares Offered | Undisclosed |
| 50% shares have an Anchor lock-in period ending in 30 days | Undisclosed |
| 50% shares have an Anchor lock-in period ending in 90 days | Undisclosed |
Groww (Billionbrain) IPO Prospectus
Don’t miss out on the Groww (Billionbrain) IPO offer documents for detailed analysis.
About Groww (Billionbrain)
Incorporated in 2016, Groww (Billionbrain) is a direct-to-consumer digital investing platform that offers various financial products like stocks, mutual funds, etc., for investment. As of 30 June 2025, Groww (Billionbrain) has become the largest and fastest-growing brand based on active users on NSE. Groww (Billionbrain) customers are diverse and are spread across 98.36% of pincodes in India as of 30 June 2025. This shows their presence across different socio-economic backgrounds, in cities, towns and villages.
Between FY 2023 and the three months ending June 30, 2025, the active user base increased at a CAGR of 52.74%. The Groww (Billionbrain) app is the highest rated on Google Play Store and ranked at the top in the investment category of App Store.
Objectives of the Groww (Billionbrain) IPO
The objective of the Groww (Billionbrain) IPO is discussed below.
| Fund Utilisation | Amount (in ₹ million) |
| Cloud Infrastructure | 1,525.00 |
| Performance Marketing and Brand Building | 2,250.00 |
| Investment in material subsidiaries for capital base augmentation | 2,050.00 |
| Investment in material subsidiaries for MTF funding | 1,675.00 |
| General Corporate Purposes | – |
Strengths Of Groww (Billionbrain) IPO
- Brand Popularity: In FY 2025, the company acquired 83.63% customers organically, depicting its strong brand recall. Moreover, with presence across 98.36% of picodes, the Brand maintains its polarity among different socio-economic groups across cities, towns and villages.
- High Customer Retention: The company maintained an active user retention rate of 77.70% after a three-year tenure, detailed in its offer statement. Moreover, there is also a strong acquisition rate of new customers, driven by brand value and other marketing techniques.
- User Interface: The Groww (Billionbrain) platform maintains a customer-friendly interface design, ensuring a seamless customer experience. The interface is designed to meet the distinct customer needs of both experienced and amateur investors.
- In-House Technology: Since most technologies of the platform are developed in-house, Groww (Billionbrain) maintains significant control over its quality at optimal costs. The company can deliver a differentiated low-cost experience.
Risk of Groww (Billionbrain) IPO
- Dependent on Financial Market Performance: Any downturn in markets, driven by domestic or global economic conditions, can impact the business of the company by making the investment climate unattractive.
- Technical Failures: Smooth operations of its digital platforms are essential for the company since it’s a digital financial and investment service provider.
- Attitude Towards Brokerage Fees: Brokerage services contribute 84.50% to Groww (Billionbrain) revenue. Any decline in investor willingness to pay such fees can significantly impact the business.
- Compliance: Groww (Billionbrain) operates under the regulatory framework of RBI, SEBI and other such authorities. Any change in laws or regulations may have an adverse business impact.
Bottomline
Groww (Billionbrain), operating under the umbrella of the Billionbrains Garage Ventures Ltd., is one of the most popular investment platforms in India today, as demonstrated by several data trends and reviews. The company has shown significant growth, backed by its seamless operations and the rising investment landscape of the Indian economy. However, like any other IPO, Groww (Billionbrain) has certain risks, too.
Optimal analysis of offer documents, along with analysing market trends like the Groww (Billionbrain) IPO GMP, is crucial for the right investment decision.
Other Recent IPO List
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| Riddhi Display Equipments IPO | Saatvik Energy IPO |
Groww (Billionbrain) IPO FAQs
Groww (Billionbrain) is a direct-to-consumer digital investing platform that is gearing up for its IPO. The IPO comprises both fresh issue and offer for sale. However, the total issue size and IPO timeline are undisclosed.
Investors can easily utilise Zerodha to apply for the Groww (Billionbrain) IPO, using a few steps. First, log in to the Zerodha website or app, go to ‘bids’, select ‘Groww (Billionbrain) IPO’, and click on ‘apply’. Next, pick the number of lots to apply, submit the form, and make a payment.
The Groww (Billionbrain) IPO date, including the offer opening and closing dates, is not disclosed yet. The updated DRHP, available to the public as of now, was filed with the exchange on 16 September 2025. The UDRHP is devoid of the IPO timeline.
The lot size of the Groww (Billionbrain) IPO is unavailable as of now. However, information must be provided soon. Investors must stay tuned for more updates.
An IPO investment cannot be commenced with a demat account. Therefore, to invest in the Groww (Billionbrain) IPO, investors must first open a demat account with a reliable broker, like Zerodha. Once a demat account is made, specify the bid details and make a payment to invest.
The allotment date of the Groww IPO cannot be tentatively ascertained because the IPO opening and closing dates are not specified in the latest offer documents.The allotment date of the Groww (Billionbrain) IPO cannot be tentatively ascertained because the IPO opening and closing dates are not specified in the latest offer documents.
The listing date of the Groww (Billionbrain) IPO cannot be tentatively ascertained because the IPO opening and closing dates are not specified in the latest offer documents.
