let’s have a view on IPO (Groww IPO) Detail. Groww IPO is a book build issue of ₹6,632.30 crores. The issue is a combination of fresh issue of 10.60 crore shares aggregating to ₹1,060.00 crores and offer for sale of 55.72 crore shares aggregating to ₹5,572.30 crores.
Groww IPO Details
| IPO Date | November 4, 2025 to November 7, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹95 to ₹100 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 66,32,30,051 shares (aggregating up to ₹6,632.30 Cr) |
| Fresh Issue | 10,60,00,000 shares (aggregating up to ₹1,060.00 Cr) |
| Offer for Sale | 55,72,30,051 shares of ₹2 (aggregating up to ₹5,572.30 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,06,75,96,631 shares |
| Share Holding Post Issue | 6,17,35,96,631 shares |
Groww IPO Reservation
Groww IPO offers total 66,32,30,051 shares. Out of which 49,74,22,538 (75.00%) allocated to QIB, 19,89,69,015 (30.00%) allocated to QIB (Ex- Anchor), 9,94,84,508 (15.00%) allocated to NII 6,63,23,005 (10.00%) allocated to RII and 29,84,53,523 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Retail Shares Offered | 6,63,23,005 (10.00%) | 4,42,153 |
| Total Shares Offered | 66,32,30,051 (100.00%) |
Groww IPO Anchor Investors Details
Groww IPO raises ₹2,984.54 crore from anchor investors. Groww IPO Anchor bid date is November 3, 2025. Groww IPO Anchor Investors list
| Bid Date | November 3, 2025 |
| Shares Offered | 29,84,53,523 |
| Anchor Portion Size (In Cr.) | 2,984.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 10, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 8, 2026 |
Groww IPO Timeline (Tentative Schedule)
Groww IPO opens on November 4, 2025, and closes on November 7, 2025.
| IPO Open Date | Tue, Nov 4, 2025 |
| IPO Close Date | Fri, Nov 7, 2025 |
| Tentative Allotment | Mon, Nov 10, 2025 |
| Initiation of Refunds | Tue, Nov 11, 2025 |
| Credit of Shares to Demat | Tue, Nov 11, 2025 |
| Tentative Listing Date | Wed, Nov 12, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 7, 2025 |
Groww IPO Lot Size
Investors can bid for a minimum of 150 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1,950 | ₹1,95,000 |
| S-HNI (Min) | 14 | 2,100 | ₹2,10,000 |
| S-HNI (Max) | 66 | 9,900 | ₹9,90,000 |
| B-HNI (Min) | 67 | 10,050 | ₹10,05,000 |
Groww IPO Promoter Holding
Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh are the promoters of the company.
| Promoter Holding Pre Issue | 28% |
| Promoter Holding Post Issue |
About Billionbrains Garage Ventures Ltd.
Groww is a direct-to-customer digital investment platform that provides wealth creation opportunities through multiple financial products and services. The company is India’s largest and fastest growing investment platform by active users on NSE as of June 30, 2025. The platform enables customers to invest and trade in stocks, derivatives, bonds, mutual funds and other products, while also offering margin trading facility and personal loans. The company operates through a customer-first, technology-led and asset-light business model focused on democratizing investing in India.
Incorporated in 2017, Groww is a Bengaluru-based fintech company that provides retail investors direct-to-customer digital investment platform that provides wealth creation opportunities to customers through multiple financial products and services.
The company offers platform to invest in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and U.S. stocks. Its mobile app is particularly popular among mutual fund investors.
Groww also offers value-added services such as Margin Trading Facility (MTF), algorithmic trading, New Fund Offers (NFOs), and credit solutions.
Strength :
The company has established ‘Groww’ as a well-known and preferred brand for investing across cities, towns and villages in India. It has the highest search interest among top 10 brokers in India and garnered the highest share of new app downloads (38.18%) among top 5 brokers from FY2022 to June 2025.
The company has high customer retention, with 77.70% of users remaining active after 3 years. It also has high engagement, with users spending an average of 65.50 minutes daily on the platform in FY2025 and a DAU/MAU ratio of 56.29%.
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
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