Billionbrains Garage Ventures Ltd. (Groww) – Fintech Powerhouse of India

If you are planning to invest in the Billionbrains Garage Ventures Ltd. (Groww), then we recommend that you read the following article, so that you can make an informed decision.

Groww IPO Details 2025

The Groww IPO is valued at ₹6,632.30 crore. Out of this, ₹1,060 crore will come from a fresh issue of 10.60 crore new shares, while ₹5,572.30 crore will be raised through the sale of 55.72 crore existing shares by current shareholders.

The IPO will open on November 4, 2025, and close on November 7, 2025. The allotment is expected on November 10, 2025, and the shares are likely to list on the NSE and BSE on November 12, 2025.

The price band for the IPO is ₹95 to ₹100 per share. Investors can apply for a minimum lot of 150 shares, which means retail investors need to invest at least ₹15,000 at the upper price. For sNII investors, the minimum investment is 14 lots or 2,100 shares (₹2,10,000), and for bNII investors, it is 67 lots or 10,050 shares (₹10,05,000).

The following table summarises:

Overview of Groww - Billionbrains Garage Ventures Ltd.

The following are some of the important aspects regarding Billionbrains Garage Ventures Ltd. (Groww):

• Incorporated on 09 January 2018 and registered as a public limited company in Bengaluru, Karnataka.
• It is the parent company of Groww, a major digital investment & broking app – offering stock trading, mutual funds, IPO access, wealthtech services.
• The business model is built around online-first investing, broking services, self-serve platforms, low-fee structures, and a large retail client base.

Financial Performance

The following is the financial performance summary for Billionbrains Garage Ventures Ltd. (Groww):

• For FY 2023-24: Revenue approx ₹3,145 crore (119% growth from ₹1,435 crore in FY23)
• The company reported a net loss of ₹805 crore in FY24, mainly due to a one-time tax expense related to redomiciling from the US to India.
• Unlisted share data: Outstanding shares 620.0 million, face value ₹2.

The following table summarises the information:

Unlisted Market Activity

The following are some of the important market activities for Billionbrains Garage Ventures Ltd. (Groww):

• The company filed its DRHP (Draft Red Herring Prospectus) with SEBI on 16 September 2025 for its IPO.
• The IPO size is pegged at approximately ₹7,000 crore, including a fresh issue of ₹1,060 crore and OFS of ₹5,000-6,000 crore.
• Pre-IPO/Unlisted share data indicates strong investor interest; lock-in rules for unlisted shares apply (6-month lock-in post-listing) for certain investors.

The following table summarises the above-mentioned information:

Groww - Promoters and Management 

Billionbrains Garage Ventures Ltd. (Groww) are promoted and actively managed by the following:

• Founders/Promoters: Lalit Keshre, Harsh Jain, Neeraj Singh, Ishan Bansal.
• Backing from major investors such as Peak XV, Ribbit Capital, YC Holdings, etc.

Important Considerations for Investors

If you are planning to invest in the Billionbrains Garage Ventures Ltd. (Groww), please analyse the strengths and risks of this company:

Strengths

• Large addressable market: Retail investing and fintech services in India are on a steep growth curve.
• Strong digital business model: Groww’s platform gives the parent company exposure to high-growth segments.
• Access to IPOs, wealthtech, trading services: diversification of offerings.

Risks

• High valuation expectations: With an IPO size of ₹7,000 crore and a large OFS component, growth expectations are elevated.
• Competitive industry: Fintech, broking, and wealth platforms face stiff competition and regulatory risks.
• Dependency on retail investor behaviour: Broking and trading volumes can fluctuate with market cycles and sentiment.

Future Outlook

Billionbrains Garage Ventures Ltd. (Groww) is well-positioned to benefit from increasing retail participation in equities, adoption of wealthtech platforms, and digital broking/trading in India. Its upcoming IPO offers early entry into a company with large-scale potential. However, investors must weigh the valuation, execution risk, and competitive dynamics carefully.

Conclusion

Billionbrains Garage Ventures Ltd. (Groww) offers a compelling opportunity in India’s fintech and retail broking space, backed by a strong platform and growing user base. That said, the premium valuation and many external dependencies (market sentiment, competition, regulations) mean that investing should be done after careful due diligence.

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Frequently Asked Questions

Is Groww listed in India?

No, Groww (Billionbrains Garage Ventures Ltd.) is not yet listed on NSE or BSE. However, its unlisted shares are actively traded in the pre-IPO market through trusted platforms like UnlistedKraft.

Can I buy Groww unlisted shares?

Yes. Investors can buy Groww unlisted shares online. Always use trusted platforms to ensure safe transactions and proper share transfer.

What happens to my Groww unlisted shares after IPO?

Once Groww launches its IPO, all unlisted shares automatically convert into listed shares. You can then trade them freely on the stock exchange.

What is the current price of Groww unlisted shares?

The Groww unlisted share price changes with market demand and company performance.

Is it safe to invest in Groww unlisted shares?

Yes, if you invest through verified platforms. However, note that unlisted shares carry risks like low liquidity and longer holding periods. Always check the company’s financials and valuation reports before investing.

Author: Diwakar Singh

Diwakar Kumar Singh is a finance writer and BFSI specialist with 7+ years of experience in financial content and research. He has authored hundreds of finance articles, published multiple books internationally, and contributed to research publications. A Gold Medalist MBA from IMT, he brings a strong analytical understanding combined with clear, reader-focused communication. His work focuses on simplifying complex financial topics, including IPO analysis, unlisted shares, financial ratios, and company evaluations, providing well-researched and evidence-based insights to help readers make informed financial decisions.