Groww’s Mega Fintech IPO Opens Tomorrow: Here’s Why Investors Are Buzzing

Updated: November 03, 2025 17:20

Image Source : The Financial Express

Groww’s IPO opens November 4, inviting investors to subscribe to one of India’s largest fintech offerings of 2025. With a price band of ₹95-₹100 and a strong grey market premium (GMP) of ₹14.5, the ₹6,632 crore issue combines fresh funds and offer-for-sale shares from marquee investors.

Billionbrains Garage Ventures Ltd., the parent company of Groww, opens its IPO on November 4, 2025. This highly awaited fintech public offering is set to raise ₹6,632.3 crore, marking a landmark event in India’s digital investing domain. The subscription window will close on November 7.

The IPO pricing band is fixed between ₹95 and ₹100 per share, with a minimum lot size of 150 shares, translating to a minimum retail investment of approximately ₹15,000. Early investors have shown significant enthusiasm, reflected in a robust grey market premium (GMP) of ₹14.5, indicating expectations of a strong listing gain.

The issue comprises a fresh equity issuance of 106 million shares, raising roughly ₹1,060 crore, while the majority portion is an offer-for-sale (OFS) of 552 million shares, aggregating ₹5,572.3 crore. Major selling shareholders include prominent venture capital funds such as Sequoia Capital, Ribbit Capital, and Mirae Asset, underscoring the confidence of early backers in Groww’s growth prospects.

Proceeds from the fresh issue will be primarily deployed for expanding cloud infrastructure, bolstering brand-building and marketing initiatives, and capital infusion into Groww’s subsidiaries that operate in NBFC and margin trading sectors. This infusion aims to propel Groww’s technology capabilities and market reach, enhancing seamless financial services for millions of Indian retail investors.

Listing on the NSE and BSE is scheduled around November 12, 2025, a date keenly awaited by investors. Groww’s IPO is seen as a critical benchmark for India’s fintech ecosystem, with the potential to democratize investing by providing easy access to financial products and market participation.

Key Highlights:

IPO opens Nov 4, closes Nov 7, 2025
Price band: ₹95-₹100 per share; lot size: 150 shares
Total issue size: ₹6,632.3 crore (fresh issue + OFS)
Fresh issue: 106 million shares worth ₹1,060 crore
Offer-for-sale: 552 million shares worth ₹5,572.3 crore
Grey Market Premium at ₹14.5 signals strong demand and listing gains
Proceeds to enhance cloud infrastructure and marketing; capital boost for subsidiaries
Major investors participating in OFS: Sequoia, Ribbit, Mirae Asset
Listing to happen on NSE and BSE around November 12, 2025

Seen as a major step in India’s fintech growth story and retail investor empowerment

Sources: Business Standard, GoodReturns, Chittorgarh.com, Arihant Plus, Moneycontrol

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