By Admin 
Groww IPO: BillionBrain Garage Ventures Limited, the parent company of stock broking company Groww, is preparing to launch an IPO. The company has announced the price band for its IPO of Rs 6,632 crore, which has been fixed between Rs 95-100 per share. The face value of each equity share is Rs 2.
The IPO will open on 4th November and close on 7th November. IPO includes both fresh issue and offer-for-sale (OFS). The IPO will have fresh equity shares worth Rs 1,060 crore and existing shareholders will sell 55,72,30,051 equity shares under the OFS window. If investors wish, they can bet in mutual funds, shares, digital gold, ETFs, IPOs and US stocks through Grow’s platform.
How many shares will have to be bid for?
The company’s objective of bringing IPO is to give an opportunity to the investors, so that they can also become a part of the company’s growth in the coming times. According to the red herring prospectus, the floor price of the IPO is 47.50 times the face value and the cap price is 50 times the face value of the equity shares. Investors can bid for a minimum of 150 equity shares. After that bidding can be done in multiples of 150 equity shares.
The promoters of this company, started in 2016, are Lalit Keshare, Harsh Jain, Ishaan Bansal and Neeraj Singh. Investors like Peak XV Partners, Ribbit Capital, Y Combinator and Tiger Global can sell their shares through IPO. It has more than 1.4 crore active retail investors.
How much share for whom?
In the IPO, 75 percent share has been reserved for Qualified Institutional Buyers (QIBs), 10 percent for retail investors and 15 percent for Non-Institutional Investors (NIIs). In the financial year 2025, the company’s net profit increased by 327 percent, while the revenue also increased by 45 percent. In the April-June 2025 quarter, the company’s revenue stood at Rs 948.47 crore, while during this period the company earned a profit of Rs 378.37 crore. EBITDA was recorded at Rs 418.75 crore.
How much is GMP?
In the gray market, the company’s unlisted shares are trading at a premium of Rs 11, indicating a profit of Rs 11 per share on listing. The book running lead managers of the issue are Kotak Mahindra Capital Company Limited, J.P. Morgan India, Citigroup Global Markets India, Axis Capital and Motilal Oswal are the investment advisors. The registrar to the issue is MUFG Intime India, formerly known as Link Intime India.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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The fourth biggest IPO of the year is opening tomorrow, check GMP immediately before placing bets.