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Groww IPO Reveals Rs 95-100 Price Band Ahead of November 4 Launch

Groww has officially announced its IPO price band of Rs 95-100 per share. The public offering will open on November 4, 2025, and close on November 7. The company is raising funds through a combination of fresh issue and offer for sale components. Major financial institutions including Kotak Mahindra and JP Morgan are managing the share sale process.

Key Points: Groww Sets Rs 95-100 Share Price for November 4 IPO

  • Price band set at Rs 95-100 per share with minimum 150 share bid
  • IPO opens November 4 and closes November 7 with anchor bidding on November 3
  • Fresh issue worth Rs 10,600 million plus offer for sale component
  • Shares to list on both BSE and NSE with NSE as primary exchange
2 min read

Groww sets Rs 95-100 per share price band for upcoming IPO on November 4

Groww announces Rs 95-100 per share IPO opening November 4, featuring Rs 10,600 million fresh issue and OFS of 557 million shares with major investment banks as managers.

"The IPO consists of a fresh issue of shares worth Rs 10,600 million and an offer for sale of up to 557,230,051 equity shares - Company Press Release"

New Delhi, October 31

Billionbrains Garage Ventures Limited, the parent company of investment platform Groww, will open its initial public offering (IPO) on Tuesday, November 4, 2025, according to a press release issued by the company.

The company has set a price band of Rs 95 to Rs 100 per equity share for the offer. Bids can be made for a minimum of 150 equity shares and in multiples of 150 thereafter. The IPO consists of a fresh issue of shares worth Rs 10,600 million and an offer for sale of up to 557,230,051 equity shares.

The anchor investor bidding is scheduled for Monday, November 3, 2025, and the public issue will close on Friday, November 7, 2025. The shares will be listed on both the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE), with the NSE designated as the primary exchange.

Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, and Motilal Oswal Investment Advisors Limited are acting as the book-running lead managers for the issue.

As per the company's statement, the IPO will be conducted through the Book Building Process in line with the Securities and Exchange Board of India (SEBI) regulations. Under this, not less than 75 per cent of the shares will be allotted to Qualified Institutional Buyers (QIBs). Within this segment, up to 60 per cent may be allocated to anchor investors on a discretionary basis, with at least one-third reserved for domestic mutual funds.

If the anchor investor portion is not fully subscribed, the remaining shares will be added to the general QIB portion. Additionally, 5 per cent of this net QIB portion will be set aside exclusively for mutual funds, with the rest distributed among all QIB bidders.

The offer also provides that not more than 15 per cent of the shares will be available for Non-Institutional Bidders, divided between those applying for shares worth between Rs 200,000 and Rs 1,000,000 and those applying for more than Rs 1,000,000. The remaining 10 per cent of the issue will be open to retail individual investors.

According to the release, if the minimum subscription by institutional investors is not met, all application money will be refunded. The process, as outlined, aligns with SEBI's Issue of Capital and Disclosure Requirements (ICDR) and Securities Contracts (Regulation) Rules (SCRR).

- ANI

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Reader Comments

R
Rohit P
Only 10% for retail investors? That's disappointing. Big institutions get 75% while common people who made Groww successful get crumbs. This allocation system needs reform.
A
Arjun K
Minimum 150 shares means minimum investment of ~₹14,250. Good for serious investors but might be steep for small retail investors. Hope the listing gives good returns! 🤞
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Sarah B
As someone who started investing through Groww, this feels like a milestone moment for Indian retail investing. The platform really democratized stock market access for millennials like me.
V
Vikram M
Strong merchant bankers - Kotak, JP Morgan, Citi. This gives confidence in the issue. Will wait for GMP before applying though. The anchor investor response will be key indicator.
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Michael C
Interesting to see how this compares with Zerodha's eventual IPO. Groww has been growing rapidly in the mutual fund space. The ₹10,600 crore fresh issue suggests expansion plans.
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Ananya R
Hope they maintain their user-friendly approach post-listing. Sometimes companies become too corporate after IPOs. Groww's simplicity is what made it popular among first-time investors like me.

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