Updated @ 10:54 PM, 12.11.2025
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. 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. The IPO is already generating significant buzz in the unlisted market, with a healthy Grey Market Premium (GMP) of ₹11, indicating positive investor sentiment and the potential for a decent listing.
In this article, you will find Groww IPO GMP today, subscription status, allotment date, price band, and a detailed, unbiased review to help you make an informed decision.
Groww is already known for its simple mutual fund investing interface. If you’re new to mutual funds, check out our detailed Mutual Fund Learning Guide to understand how SIPs and fund selection work.
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
Interested in more such opportunities? Explore our regularly updated list of Latest and Upcoming IPOs to stay ahead in the market.
What is Groww IPO GMP Today?
- Update daily: ₹11
- Note: The current Grey Market Premium (GMP) of ₹11 suggests a potential listing premium of around 11% over the upper price band. 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
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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.
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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.
- 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)
- GMP Today: ₹11 (Indicating a healthy premium of ~11%)
- 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.
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FAQs on Groww IPO
1. What is Groww IPO GMP today?
Currently, the GMP for the Groww IPO is ₹11, suggesting a potential listing premium of around 11% over the issue price.
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.
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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.
