Billionbrains Garage Ventures (Groww) IPO Overview

Company Background: Incorporated in 2017, Billionbrains Garage Ventures Limited, popularly known as Groww, is a Bengaluru-based fintech company that operates a direct-to-customer digital investment platform. It provides retail investors access to various wealth creation opportunities through multiple financial products and services.

Groww allows users to invest in mutual funds, stocks, derivatives (F&O), ETFs, IPOs, digital gold, and U.S. stocks. Its mobile application has gained strong popularity among mutual fund investors. The company also offers additional services such as Margin Trading Facility (MTF), algorithmic trading, New Fund Offers (NFOs), and credit solutions.

Business Model: Groww’s business model revolves around two key priorities — expanding its customer base and strengthening relationships with existing clients by offering a wide range of financial products.

Products and Services: It provides broking services covering equity and derivatives trading, along with investment products like mutual funds, MTF, credit services, and offerings through Groww AMC.

Objects of the Issue:

• Expenditure towards cloud infrastructure amounting to ₹152.5 crore.

• Brand building and performance marketing activities worth ₹225 crore.

• Investment in its material subsidiary GCS (an NBFC) to augment its capital base with ₹205 crore.

• Investment in its subsidiary GIT for funding its MTF business amounting to ₹167.5 crore.

• Funding inorganic growth through acquisitions and for general corporate purposes amounting to ₹310 crore.

Key Strengths:

• Holds a 26.27% market share with 12.6 million active clients as of June 2025.

• High profitability with a net profit margin of 44% and revenue of ₹4,056 crore in FY2025.

• Mobile-first platform architecture catering to digital-native investors.

• In-house technology stack, ensuring scalability, cost efficiency, and superior user experience.

  
  

Key Risks:

• Exposure to regulatory changes in brokerage structures and derivatives trading.

• Dependence on retail investor activity and overall market participation.

• Continuous need for technology upgrades and infrastructure investments.

• Market volatility affecting trading frequency and customer engagement.

Groww IPO: Key Details

• IPO Dates: 04 – 07 November 2025

• Price Band: ₹95 to ₹100 per share

• Lot Size: 50 shares

• Total Issue Size: ₹6,632.30 Cr

• Fresh issue: ₹1,060 Cr

• Offer for Sale: ₹5,572.30 Cr

• Retail Quota: 10%

• GMP (Only for Information): 4%

Allotment Link

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