The initial public offering (IPO) of Billionbrains Garage Ventures, the parent company of the popular stockbroking platform Groww, has received a strong response from investors. The company’s IPO opened on November 4, 2025, and will close on November 7, 2025. On the second day of the subscription, the IPO was subscribed 1.64 times, showing healthy demand from investors.
Before the IPO opened for public subscription, Billionbrains Garage Ventures raised over Rs 2,984 crore from anchor investors. These are large investors who commit to buying shares before the IPO starts. The total size of the IPO is Rs 6,632 crore.
Billionbrains Garage Ventures is supported by top investors including Peak XV, Tiger Capital, and Microsoft CEO Satya Nadella. The company plans to use the funds raised through the IPO to develop technology and expand its business. Of the fresh issue, Rs 225 crore will be used for brand building and marketing, and Rs 205 crore will be invested in Groww Creditserv Technology Pvt Ltd (GCS), the company’s non-banking financial company (NBFC) arm, to strengthen its capital base.
In the grey market, Groww shares are trading at a premium. The grey market premium (GMP) is the price at which unlisted shares are bought and sold unofficially before the IPO listing. According to Investorgain, Groww’s shares are trading at a GMP of Rs 11 on day 3, down from Rs 14.75 the previous day. Considering the upper price band of Rs 100, the shares are expected to list around Rs 111, reflecting a grey market premium of 11 per cent. This drop in GMP suggests that while demand is strong, investor enthusiasm has slightly cooled.
Groww has fixed a price band of Rs 95-100 per share for the IPO. Investors can buy shares in lots of 150, and in multiples of 150 shares thereafter. This means an investor must buy at least 150 shares, and then can buy 300, 450, or more if desired.
The IPO is open to the public from November 4 to November 7, 2025. After the subscription closes, the basis of allotment is expected to be finalised on November 10. This is when investors will find out how many shares they have been allocated. Groww is expected to list its shares on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 12, 2025.
Groww was founded in 2016 and has grown rapidly to become India’s largest stockbroker. As of June 2025, the company has over 12.6 million active clients and a market share of more than 26 per cent. Its platform allows users to invest in stocks, mutual funds, and other financial products with ease. The company’s growth and popularity have made its IPO highly anticipated among retail and institutional investors alike.
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The IPO proceeds will help Groww continue investing in technology, improve its services, and expand its reach to more customers. The funds allocated to Groww Creditserv Technology Pvt Ltd (GCS) will strengthen its NBFC operations, allowing it to offer more financial products and services.
Investors should note that the GMP is only indicative of the listing price in the grey market. The actual listing price may vary depending on demand at the time of listing. Despite the slight fall in GMP, analysts expect the IPO to perform well when it lists on the stock exchanges.
Groww’s IPO is also seen as a benchmark for other tech-driven financial companies planning to go public. With backing from major investors and strong market presence, the IPO highlights the confidence of both domestic and international investors in India’s growing fintech sector.
For investors, the key dates to remember are: the IPO subscription closes on November 7, the allotment is expected on November 10, and the shares will list on BSE and NSE on November 12. The IPO gives both retail and institutional investors a chance to own a part of one of India’s leading fintech companies.
In conclusion, Groww’s IPO has been well-received, with strong subscription numbers and positive investor sentiment. The grey market premium has seen a slight fall, but the overall demand indicates that investors remain confident about the company’s growth prospects. The funds raised through the IPO will be used to improve technology, expand operations, and support the NBFC arm, helping Groww maintain its leading position in India’s stockbroking and investment industry.
Groww’s IPO is a key event in India’s financial market calendar, showing the increasing interest of investors in fintech companies. With its listing expected on November 12, investors and market watchers will closely follow how the shares perform in the coming days.
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