Billionbrains Garage Ventures Ltd to Launch IPO on November 4; Price Band Set at ₹95–₹100 per Share
Billionbrains Garage Ventures IPO to Open Next Week; Focus on Tech Expansion and Investor Access
Billionbrains Garage Ventures Brings Groww to Markets with IPO Opening on November 4, 2025
Bilkul Bazaar | Ahmedabad | 31 Oct 2025
Billionbrains Garage Ventures Limited — the technology company behind the popular investment platform Groww — announced the details of its forthcoming Initial Public Offering (IPO), which will open for subscription on Tuesday, November 4, 2025, and close on Friday, November 7, 2025. The price band for the issue has been set at ₹95 to ₹100 per equity share, with a face value of ₹2 per share.
The IPO comprises a fresh issue of up to ₹10,600 million and an offer for sale of up to 557,230,051 equity shares. Bids can be made for a minimum of 150 equity shares and in multiples of 150 thereafter. The floor price is 47.50 times and the cap price is 50.00 times the face value. The Anchor Investor bidding will open on Monday, November 3, 2025.
Billionbrains Garage Ventures Limited, headquartered in Bangalore, Karnataka, was incorporated on January 9, 2018, and is engaged in software designing, maintenance, testing and benchmarking, developing computer software and solutions, and providing management and consultancy services to its group companies. The company operates the web and app-based platform “Groww”, enabling retail investors to invest in stocks, mutual funds, and other financial instruments.
Announcing the IPO details in Ahmedabad on Friday, Ishan Bansal, Whole-Time Director and Chief Financial Officer of Billionbrains Garage Ventures Limited, said, “Our journey began with the vision of democratizing investment opportunities through technology. With the IPO, we are taking the next major step toward strengthening our technological infrastructure, expanding product capabilities, and enhancing customer experience. This offering represents not just a milestone for our company, but also a reaffirmation of our commitment to empowering millions of investors in India and beyond.”
Adding perspective on the company’s technology edge, Neeraj Singh, Chief Technology Officer, shared,
“At Billionbrains, innovation and scalability are at the core of everything we build. Our proprietary systems power seamless investing through the Groww platform, ensuring transparency, data security, and speed. The IPO will enable us to further invest in AI-driven analytics, cloud infrastructure, and advanced risk management tools to serve our growing user base.”
Ashwini Sehgal, Investment Banking, Axis Capital, one of the Book Running Lead Managers (BRLMs) to the issue, noted, “Billionbrains has emerged as one of India’s most trusted fintech platforms, combining deep technology expertise with financial insight. The company’s growth story is well-aligned with India’s rapidly expanding digital investment ecosystem, and we are proud to be part of this landmark public offering.”
The equity shares are proposed to be listed on both BSE Limited (BSE) and National Stock Exchange of India Limited (NSE), with NSE designated as the lead exchange. The offer is being made through the Book Building Process under Regulation 6(2) of the SEBI ICDR Regulations, with not less than 75% reserved for Qualified Institutional Buyers (QIBs), not more than 15% for Non-Institutional Investors (NIIs), and not more than 10% for Retail Individual Investors (RIIs).
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 the BRLMs to the offer.
Disclaimer:
This announcement does not constitute an offer of securities for sale in the United States. The equity shares have not been and will not be registered under the U.S. Securities Act of 1933, and may not be offered or sold within the United States except pursuant to an exemption from, or a transaction not subject to, the registration requirements. The offer is being made outside the U.S. in compliance with Regulation S and applicable laws of the jurisdictions where such offers and sales occurs.
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