The initial public offering (IPO) of Billionbrains Garage Ventures Ltd, better known as Groww, opened on November 4, 2025, and will close on November 7, 2025. The Bengaluru-based fintech firm has set the IPO price band at ₹95–₹100 per share. The offering, a mix of fresh equity and offer for sale (OFS), aims to raise ₹6,632.30 crore — including ₹1,060 crore from new shares and ₹5,572.30 crore through the OFS route.
In the grey market, Groww shares are trading at a premium of ₹14, slightly lower than Tuesday’s ₹17, reflecting a moderate investor response and overall market weakness. However, analysts note the large IPO size could also be a factor behind the slower demand. By 2:48 PM on day two, the issue was subscribed 1.38 times overall, with the retail portion booked 4.49 times, NII 1.77 times, and QIB 0.15 times.
Brokerages including Anand Rathi, Arihant Capital, and others have rated the IPO a “Subscribe” or “Buy,” citing strong growth prospects, operational efficiency, and product diversification, though valuation appears fully priced.
