Groww IPO: Lead Managers
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J.P. Morgan
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Kotak Mahindra Capital
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Citigroup
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Axis Bank
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Motilal Oswal Investment Advisors
IPO
The market can’t stop talking about Groww!
The ₹6,632 crore IPO of Billionbrains Garage Ventures Ltd., the parent of Groww, has already turned into a hot topic among traders. After clocking a solid 57% subscription on Day 1, all eyes are now on Day 2 to see if the frenzy continues. With the issue closing on November 7 and listing set for November 12, retail investors are wondering, is this the next BIG debut of 2025? One thing’s for sure: Dalal Street’s “Groww mode” is officially ON!
Price Band: ₹95 – ₹100 per share
Valuation: ₹61,700 crore (approx. USD 7 billion)
Fresh Issue: ₹1,060 crore
Offer for Sale (OFS): 55.72 crore shares by existing shareholders
Retail investors can apply for a minimum of one lot (150 shares), requiring an investment of ₹15,000.
Ahead of the IPO launch, Groww allotted 29.84 crore shares to anchor investors at ₹100 per share, raising ₹2,984 crore.
Major investors include:
Investors are on the edge as Groww’s IPO heats up in the grey market! Reports suggest a GMP of ₹14.75 – ₹16.5 per share, hinting that Groww could debut around ₹115–₹116.5, that’s roughly 15–17% above its issue price of ₹100. In simple terms, early trends say this IPO might open with a solid premium.
But remember, grey market numbers can swing fast! Are you betting on Groww’s big debut or waiting for the listing day to see if the hype holds?
Groww’s founding team, Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, collectively holds 28% stake in the company.
The IPO allocation stands as follows:
75% for Qualified Institutional Buyers (QIBs)
15% for Non-Institutional Investors (NIIs)
10% for Retail Investors
| Event | Date |
|---|---|
| IPO Opens | November 4, 2025 |
| IPO Closes | November 7, 2025 |
| Allotment Date | November 10, 2025 |
| Refunds/Share Credit | November 11, 2025 |
| Listing Date | November 12, 2025 |
J.P. Morgan
Kotak Mahindra Capital
Citigroup
Axis Bank
Motilal Oswal Investment Advisors
(With Inputs)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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