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Explore how Groww’s IPO opened in the market, including key details such as issue structure, price band, opening-day performance, and a step-by-step guide on how to apply through ASBA or UPI.
The Groww (Billionbrains Garage Ventures Ltd.) IPO opened for subscription on November 4, 2025, marking the public debut of one of India’s promising technology-led enterprises.
The company, known for its diversified innovation-driven operations spanning technology services, automation, and digital solutions, has launched a ₹6,632.31 crore IPO through the book-building route.
This public offer is a pure Offer for Sale (OFS), allowing existing shareholders to offload part of their holdings. With a price band set at ₹95–₹100 per share and a face value of ₹2, the issue has already caught the attention of investors keen on participating in India’s expanding technology and digital innovation ecosystem.
On its opening day, the Groww (Billionbrains Garage Ventures Ltd.) IPO witnessed initial retail participation and investor curiosity, setting the stage for the next few days of bidding. The IPO remains open for subscription until November 7, 2025.
The IPO timeline below details the important dates and procedural milestones associated with the public issue:
| Detail | Information |
|---|---|
IPO Open Date |
November 4, 2025 |
IPO Close Date |
November 7, 2025 |
Face Value |
₹2 per share |
Price Band |
₹95 – ₹100 per share |
Issue Size |
₹6,632.31 crore |
Type |
Book Building (Offer for Sale) |
The IPO opened on a steady note, with early interest led by retail investors and small institutions. While category-wise subscription data is yet to be disclosed, the offering is being closely tracked as part of India’s next wave of SME and innovation-focused public issues.
Investor sentiment on Day 1 indicates a cautiously optimistic approach, as participants await broader institutional activity in the coming sessions.
On the second day of bidding, the Billionbrains Garage Ventures Ltd IPO witnessed a steady rise in participation across investor categories. By the end of Day 2, the issue was subscribed 0.57x overall, with improved traction from retail and non-institutional investors.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.10x |
Retail Individual Investors (RII) |
1.91x |
Non-Institutional Investors (NII) |
0.59x |
Total |
0.57x |
The retail segment continued to lead the momentum with a 1.91x subscription, reflecting sustained investor interest in the diversified technology-driven enterprise. Institutional participation also began to pick up, signaling potential for a stronger close on the final day.
On the third day of bidding, the Billionbrains Garage Ventures Ltd IPO registered a strong response, with overall subscription reaching 1.44x. The issue saw significant retail participation, while non-institutional investors also added momentum during the closing hours.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.20x |
Retail Individual Investors (RII) |
4.59x |
Non-Institutional Investors (NII) |
1.83x |
Total |
1.44x |
The retail investor segment remained the key driver, oversubscribing nearly 4.6 times, highlighting strong retail sentiment toward the diversified technology-led enterprise. Institutional participation showed a steady rise, contributing to an overall healthy outlook for the IPO.
On the final day of bidding, Billionbrains Garage Ventures Ltd witnessed robust investor participation, with the IPO being subscribed 2.76x overall. The strong response was primarily driven by retail and non-institutional investors, while QIB participation also picked up toward the close, marking a successful conclusion to the issue.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.31x |
Retail Individual Investors (RII) |
6.77x |
Non-Institutional Investors (NII) |
5.00x |
Total |
2.76x |
The retail category led the momentum with over 6.7x subscription, reflecting strong investor appetite for the technology-driven enterprise. The balanced participation across categories highlights growing optimism toward Billionbrains’ innovation-led business model and growth trajectory in India’s digital sector.
The Groww IPO price band is set between ₹95 and ₹100 per share, with a face value of ₹2 per share. Investors can place bids for a minimum of 150 shares (1 lot) and in multiples of 150 shares thereafter.
At the upper price limit, one lot amounts to an investment of ₹15,000, positioning the IPO as a cost-effective opportunity for retail investors to gain exposure to India’s rapidly growing technology and innovation-driven ecosystem.
This accessible lot structure ensures participation from small investors while allowing larger investors to scale their bids as per their investment appetite.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min/Max) |
1 |
150 |
₹15,000 |
S-HNI (Min) |
14 |
2,100 |
₹2,10,000 |
S-HNI (Max) |
66 |
9,900 |
₹9,90,000 |
B-HNI (Min) |
67 |
10,050 |
₹10,05,000 |
The IPO structure encourages balanced participation across investor classes — from retail applicants looking for affordable entry into the technology sector to institutional investors exploring scalable growth potential in India’s innovation landscape.
For more insights and live updates on subscription and allotment, visit the Groww (Billionbrains Garage Ventures Ltd.) IPO on Bajaj Markets.
The following table outlines the tentative IPO timeline for investors’ reference:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
November 4, 2025 |
Subscription opens for investors |
IPO Close Date |
November 7, 2025 |
Final day to apply |
Basis of Allotment |
November 10, 2025 |
Share allotment finalisation |
Initiation of Refunds |
November 11, 2025 |
Refunds for unallotted shares begin |
Credit of Shares to Demat |
November 11, 2025 |
Allotted shares credited to Demat accounts |
Listing Date (NSE/BSE) |
November 12, 2025 |
Expected market debut |
UPI Mandate Cut-Off Time |
5 PM, November 7, 2025 |
Last time to confirm UPI payment mandate |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Billionbrains Garage Ventures IPO using ASBA (via Net Banking) or UPI (through broker platforms). Both options are SEBI-approved and ensure a secure, paperless application experience.
To apply via your bank’s ASBA service:
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Groww IPO’ from the list.
Enter your lot quantity and bid price.
Confirm and submit your application.
The bid amount will be blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares will be credited to your Demat account.
Alternatively, investors can apply through broker platforms or financial marketplaces using UPI.
Log in to your Demat account or trading account on your broker’s platform or a financial marketplace.
Go to the IPO section and select ‘Groww IPO’.
Enter your bid details, including quantity and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request via your UPI app (BHIM, Google Pay, PhonePe, etc.).
Funds will be blocked until allotment and debited only if shares are allotted.
Allotted shares will be credited automatically to your Demat account.
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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