Groww IPO - Listing Performance & Details

Billionbrains Garage Ventures Limited was incorporated in 2016 and is headquartered in Bengaluru. It works in the fintech sector as the parent company of the Groww investment platform.

The company operates a direct-to-customer digital investment platform offering stocks, mutual funds, futures and options, exchange-traded funds, IPOs, bonds, US equities and digital gold, along with value-added services such as margin trading facility and personal loans. Its financial services operations run through subsidiary Nextbillion Technology Private Limited, which houses its stockbroking, mutual fund distribution and lending businesses. As of June 2025, the company reported active users on NSE across the majority of Indian pin codes. The promoters are Lalit Keshre (Chief Executive Officer), Harsh Jain (Chief Operating Officer), Ishan Bansal (Chief Financial Officer) and Neeraj Singh (Chief Technology Officer), who together held about 26.6% of the company before the offer.

Revenue from operations grew from Rs 1,141.53 crore in FY23 to Rs 3,901.72 crore in FY25, with profit after tax rising to Rs 1,824.37 crore in FY25, as per the RHP. The IPO was a mainboard book-built issue of Rs 6,632.30 crore on the NSE and BSE, comprising a fresh issue of Rs 1,060 crore and an offer for sale of Rs 5,572.30 crore by existing shareholders, priced at Rs 95-100 per share, and it listed on 12 November 2025. Net proceeds from the fresh issue were earmarked for cloud infrastructure expenditure (about Rs 152.5 crore), brand building and performance marketing (about Rs 225 crore), investment in subsidiary Groww Creditserv Technology (about Rs 205 crore), investment in Groww Invest Tech for its margin trading facility business (about Rs 167.5 crore), and general corporate purposes including inorganic growth.