Updated @ 18:43 PM, 12.04.2026
Groww (Billionbrains Garage Ventures Limited)'s IPO, is set to open on November 4, 2025.
This landmark IPO from a homegrown fintech giant aims to raise over ₹6,600 crores. You can track all the upcoming and live IPOs at our regularly updated IPO section.
The issue comprises a fresh issue to fuel the company's expansion into credit and a massive Offer for Sale (OFS) by its founders and early investors.
The price band has been fixed at ₹95 to ₹100 per share, with a lot size of 150 shares.
In this article, you will find Groww IPO GMP today, price band, and a detailed, unbiased review to help you make an informed decision.
For subscription, check dedicated daywise subscription page which lists out all the live and closed IPOs of the month and for further details you can visit our month wise subscription review articles.
For allotment, check our dedicated IPO allotment page which is updated regularly.
What are The Key Details of Groww IPO?
- Price Band: ₹95 – ₹100 per share
- IPO Open / Close Dates: November 4, 2025 – November 7, 2025
- Lot Size: 150 Shares
- Issue Size: ₹6,632.30 Crores (Fresh Issue of ₹1,060 Cr + OFS of ₹5,572.30 Cr)
- Fresh Issue / OFS: Both
- Registrar: MUFG Intime India Pvt.Ltd.
- Listing Exchange: BSE & NSE
For step-by-step details on checking IPO allotment, tracking share credit, and refund status in MUFG Intime, read our detailed guide on MUFG Intime IPO allotment status.
What is Groww IPO GMP Today?
Check latest gmp at our latest gmp section which lists out all the live and recently closed IPOs, and you can also track all the gmps in our monthly reviews posts of gmps. And for more analytical details of gmp like gmp vs listing performance, check our dedicated gmp vs listing reports.
- GMP is an unofficial indicator and changes frequently based on market sentiment and subscription demand.
Listing Update:
| Type | Issue Price | Open | Gain/loss |
| Lisiting | 100 | 112 | 12.0 |
Source: BSE
What are The Key Groww IPO Dates & Allotment Schedule?
- IPO Open & Close Date: November 4, 2025 – November 7, 2025
- Basis of Allotment Date: November 10, 2025
- Refund Initiation Date: November 11, 2025
- Credit of Shares: November 11, 2025
- Listing Date: November 12, 2025
Check the Groww (Billionbrains Garage Ventures Limited) IPO Subscription Status – Day 1, Day 2 & Day 3
What are the Objectives of Groww IPO?
The company intends to utilise the net proceeds from the public offering for the following key purposes:
- Fresh Issue: The proceeds from the fresh issue (₹1,060 crores) will be used for brand building, cloud infrastructure, and crucially, for investing in its subsidiaries to grow its credit and Margin Trading Facility (MTF) businesses.
- Offer for Sale: The proceeds from the OFS (a massive ₹5,572.30 crores) will go directly to the selling shareholders, including its founders and major investors, and will not be received by the company.
What is The Financial Performance of Groww?
(Amounts in ₹ Crores)
Period Ended | 30 Jun 2025 | 31 Mar 2025 | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
Assets | 12,713.18 | 10,077.31 | 10,819.10 | 8,017.97 | 4,807.78 |
Total Income | 948.47 | 4,061.65 | 1,047.58 | 2,795.99 | 1,260.96 |
Profit After Tax | 378.37 | 1,824.37 | 338.01 | -805.45 | 457.72 |
EBITDA | 418.75 | 2,371.01 | 482.66 | -780.88 | 398.78 |
NET Worth | 5,995.45 | 4,855.35 | 2,886.28 | 2,542.64 | 3,316.75 |
Reserves and Surplus | 5,506.78 | 3,251.92 | 2,821.41 | 2,477.76 | 4,445.63 |
Total Borrowing | 324.08 | 351.99 | 117.66 | 24.06 |
Groww has staged a spectacular financial turnaround. After reporting a significant loss of over ₹800 crores in FY24, the company has pivoted to a massive profit of ₹1,824.37 crores in FY25.
This dramatic shift to profitability, achieved on the back of strong revenue growth and operating leverage, is the central pillar of the investment thesis for this IPO.
Source: SEBI India
Industry Outlook
- Groww is the undisputed leader of India's digital investment revolution, with the highest number of active clients on the NSE (12.92 million as of March 2025).
- The company operates in a vastly underpenetrated market, with only about 5% of India's adult population having a broking account.
- As the market leader with a powerful brand, a simple user interface, and a strong focus on organic growth, Groww is perfectly positioned to benefit from the long-term trend of financialization of savings in India.
What are The Strengths and Risks of Groww IPO?
Strengths:
- Dominant Market Leadership: The largest and fastest-growing investment platform in India by active users.
- Powerful Brand and Organic Growth: A household name in the fintech space, with over 83% of its customers acquired organically at a low cost.
- Stunning Financial Turnaround: The company has successfully pivoted from heavy losses to massive profitability, demonstrating a highly scalable and profitable business model.
- Diversified Product Ecosystem: A comprehensive platform offering stocks, mutual funds, derivatives, and now credit, creating multiple revenue streams.
Planning to start SIPs after the Groww IPO? Use our easy SIP Calculator to estimate your future wealth based on monthly investments and returns.
Risks:
- Massive Offer for Sale (OFS): This is the biggest red flag. The OFS component is five times larger than the fresh issue, indicating that the IPO is primarily an exit route for early investors and founders.
- Dependence on Market Volatility: The company's revenues are highly correlated with stock market activity. A prolonged bear market could significantly impact trading volumes and profitability.
- Intense Competition: The broking industry is highly competitive, with pressure on pricing from both discount brokers and large banks.
- Regulatory Risks: The broking and lending businesses are subject to strict and evolving regulations from SEBI and RBI, which can impact operations and profitability.
Expert Recommendations – Should You Apply?
Subscribe for Listing Gains & Long-Term
The Groww IPO is a landmark event, offering a chance to invest in a market-defining consumer tech company that has successfully navigated the path to profitability.
- For Long-Term Investors: This is a strong candidate for a core portfolio holding. It is a bet on the long-term growth of India's capital markets. The recent profitability and reasonable valuation (P/E of ~20x) make it attractive.
- For Listing Gains: The healthy Grey Market Premium of around ₹11 indicates robust investor demand and points towards a decent listing day gain of around 11%. This makes the IPO attractive for those looking for short-term gains as well. Check how IPOs performed post listing in our IPO research and analytic page.
- Our View: The combination of a strong brand, market leadership, a successful pivot to profitability, strong market sentiment, and an attractive valuation makes this a compelling IPO. We recommend "Subscribe" for both potential listing gains and long-term holding.
Key Takeaways
- IPO Price Band: ₹95 – ₹100 per share
- Lot Size: 150 Shares (Minimum Investment: ₹15,000)
- Allotment & Listing Dates: Tentative listing on November 12, 2025.
- Recommendations of experts: A strong "Subscribe" recommendation. A market-leading, profitable fintech giant with strong investor demand, making it attractive for both listing gains and long-term investment.
Before applying, make sure you understand key IPO terms explained in our beginner-friendly IPO glossary.
FAQs on Groww IPO
1. What is Groww IPO GMP today?
You can check gmp at our gmp section with fresh updates.
2. What is Groww IPO price band?
The price band for the IPO is set at ₹95 to ₹100 per equity share.
3. What is Groww IPO allotment date?
The allotment of shares is tentatively expected to be finalized on Monday, November 10, 2025.
4. How to check Groww IPO allotment status?
You can check the allotment status on the website of the IPO registrar once the basis of allotment is finalized.
5. What is Groww IPO listing date?
The company's shares are tentatively scheduled to be listed on the BSE and NSE on Wednesday, November 12, 2025.
6. Should I apply for Groww IPO?
Yes, this is a highly recommended IPO. Groww is a market leader that has successfully turned profitable and is offered at a reasonable valuation. Strong market sentiment, as indicated by its GMP, makes it attractive for both listing gains and long-term investment, despite the large Offer for Sale component.
You may also want to check: Lenskart Solutions IPO GMP, Price, Dates, Allotment, Review
Disclaimer:
The information provided above about the Groww IPO, including GMP, price, dates, and allotment status, is for educational and informational purposes only. We do not provide any investment advice or recommendations. Investors are advised to consult with their financial advisor before making any investment decisions.
