Thu Nov 06 07:13:59 UTC 2025: Summary:

Billionbrains Garage Ventures, the parent company of stock broking firm Groww, saw its initial public offering (IPO) fully subscribed on the second day of sale. The IPO received bids for 39,16,33,950 shares against 36,47,76,528 shares on offer. Retail investors oversubscribed 3.62 times, while non-institutional investors subscribed 1.32 times. The firm has garnered nearly ₹3,000 crore from anchor investors. The IPO is set to conclude on Friday with the company aiming for a valuation of over ₹61,700 crore. Proceeds will be used for technology development, business expansion, brand building, investment in its NBFC arm, funding its margin trading facility, and strengthening cloud infrastructure. Groww, founded in 2016, is India’s largest stockbroker with a 26% market share as of June 2025 and is set to debut on November 12.

News Article:

Groww IPO Fully Subscribed, Set for November 12 Debut

New Delhi – November 6, 2025 – The Initial Public Offering (IPO) of Billionbrains Garage Ventures, the parent company of leading Indian stock broking firm Groww, was fully subscribed on its second day, signaling strong investor confidence in the fintech company.

As of 11:45 AM today, the IPO received bids for 39,16,33,950 shares, exceeding the 36,47,76,528 shares on offer. Retail investors demonstrated particularly strong interest, oversubscribing 3.62 times, while non-institutional investors subscribed 1.32 times. Qualified Institutional Buyers (QIBs) subscribed at 10%.

Billionbrains Garage Ventures has already secured ₹2,984 crore from anchor investors. The IPO, valued at ₹6,632 crore, will conclude on Friday, with the company aiming for a valuation exceeding ₹61,700 crore (approximately $7 billion). The price band for the IPO is set at ₹95-100 per share.

Founded in 2016, Groww has rapidly become the largest stockbroker in India, boasting over 12.6 million active clients and a market share exceeding 26% as of June 2025. The company plans to use the funds raised from the IPO to fuel further growth and innovation. Key areas of investment include technology development, business expansion, brand building, strengthening its NBFC arm (Groww Creditserv Technology Pvt Ltd), funding its margin trading facility (Groww Invest Tech Pvt Ltd), and bolstering its cloud infrastructure. The company also has plans for inorganic growth through strategic acquisitions.

Groww’s decision to utilize the confidential pre-filing route, recently approved by SEBI, allowed it to strategically manage the disclosure of IPO details, providing greater flexibility in its planning.

The highly anticipated stock market debut of Groww is scheduled for November 12, 2025.

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