Groww-parent Billionbrains Garage Ventures Rs 6,632-crore IPO to open on November 4, price band set at Rs 95-100 per share

Groww to Launch Rs 6,632.3 Crore IPO at Rs 95-100 Price Band, Eyes Rs 61,736 Crore Valuation.

Expert Analysis:

• Valuation and Price Band: Groww is valued at Rs 61,736 crore, surpassing listed peers (Angel One, Motilal Oswal Financial Services etc.) with its IPO price band set at Rs 95-100 per share.

• IPO Timeline: Groww’s IPO anchor book will open on November 3, public subscription will run from November 4 to November 7, allotment will be finalized by November 10, and trading on BSE and NSE will commence on November 12.

• Issue Structure: Groww will issue fresh shares worth Rs 1,060 crore, while existing investors will sell 55.72 crore shares worth Rs 5,572.3 crore through the offer-for-sale route.

• Shareholding Structure: Promoters Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh hold 28.04 percent in Groww, public shareholders own 71.96 percent, and Peak XV Partners Investments is the largest investor with a 19.87 percent stake.

• Use of Proceeds and Fund Allocation: Billionbrains Garage Ventures will utilize Rs 152.5 crore for cloud infrastructure, Rs 225 crore for brand building and performance marketing, Rs 205 crore to Groww Creditserv Technology to strengthen its capital base, Rs 167.5 crore to Groww Invest Tech for margin trading, and the remaining funds for acquisitions and general corporate purposes.

• Financial Performance: For Q1 FY26, Groww reported a net profit of Rs 378.4 crore, up 11.9 percent from Rs 338 crore, while revenue declined 9.6 percent to Rs 904.4 crore from Rs 1,000.8 crore.

• FY25 Results and IPO Managers: FY25 profit rose to Rs 1,824.4 crore from a Rs 805.5 crore loss, with revenue up 49.5 percent to Rs 3,901.7 crore.