Billionbrains Garage Ventures Ltd (Groww), incorporated in 2017, is a Bengaluru based fintech company offering a direct to customer digital investment platform.
It enables retail investors to access a range of financial products, including equities, mutual funds, derivatives, and exchange-traded funds (ETFs).
Groww has set a price band of ₹95–₹100 per share. The IPO will include a fresh issue and an offer for sale (OFS).
The OFS will include share sales by investors such as Peak XV Partners, Ribbit Capital, Y Combinator, Tiger Global, and Kauffman Fellows Fund.
The issue will be managed by Kotak Mahindra Capital, JP Morgan India, Citigroup Global Markets India, Axis Capital, and Motilal Oswal Investment Advisors.
According to the RHP, Groww plans to allocate the funds raised through the IPO across several areas:
| Particulars | Estimated Amount (₹ million) |
| Expenditure towards cloud infrastructure | 1,525.00 |
| Brand building and performance marketing activities | 2,250.00 |
| Investment in subsidiary GCS (NBFC) to augment capital base | 2,050.00 |
| Investment in subsidiary GIT to fund its margin trading facility (MTF) business | 1,675.00 |
| Funding inorganic growth through acquisitions and general corporate purposes | - |
Note: The data in the table and the information above are from Groww’s RHP as on October 30, 2025.
Groww operates as an online investment platform offering services across equities, mutual funds, and derivatives. The company has reported continued growth in its user base and transaction volumes.
The planned fund utilisation indicates a focus on strengthening technology infrastructure, marketing initiatives, and capital support for subsidiaries engaged in lending and margin trading.
Groww’s filing of the RHP marks the next step in its journey toward becoming a publicly listed company. Market participants are expected to track the subscription levels and subsequent listing performance as indicators of investor sentiment toward the fintech industry.
Disclaimer: This blog has been written exclusively for educational/Informational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Oct 30, 2025, 11:13 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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