Mumbai, October 31, 2025 — India-listed fintech firm Billionbrains Garage Ventures Ltd, the parent company of investment platform Groww, has fixed the price band for its upcoming initial public offering (IPO) at ₹95 to ₹100 per share. The public subscription will open on November 4, 2025, and close on November 7, with the company aiming to raise ₹6,632 crore at the upper end of the band. At this valuation, Groww’s market capitalization is expected to reach around ₹62,000 crore, marking one of the most anticipated listings in the Indian fintech space.
The issue will comprise a fresh equity issue of about ₹1,060 crore, while existing shareholders are set to sell nearly 55.72 crore shares through an offer-for-sale (OFS), totaling approximately ₹5,572 crore. Retail investors can bid for a minimum lot of 150 shares, translating to an investment of ₹14,250 at the lower price band or ₹15,000 at the higher end. The company plans to use the proceeds to strengthen its cloud infrastructure, enhance investments in its NBFC and margin-trading subsidiaries, expand brand-building and marketing initiatives, and pursue strategic acquisitions to fuel global growth.
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