Groww IPO to Open for Subscription Tomorrow on 04 November: Check Lot Size, Price Band and Investment Details

The bidding window for the much awaited Groww IPO will be open for public subscription tomorrow on November 4, 2025. The IPO will be open for subscription from November 4 to November 7, 2025. The pre-application option for Groww’s Initial Public Offering (IPO) opened on October 31, 2025 and the anchor investor bidding is scheduled to begin today on November 3, 2025. 

Groww IPO Details

• Issue Size: Groww IPO will be a book-build issue of ₹6,632.30 crore, comprising a fresh issue of ₹1,060.00 crore and an offer-for-sale of ₹5,572.30 crore of shares from investor selling shareholders. 
• Price Band: ₹95 to ₹100 per share
• Subscription Period:  The IPO will remain open from November 4, 2025, until November 7, 2025.
• Allotment Date:  The basis of allotment will be finalised by November 10, 2025.
• Listing Date: The tentative listing on BSE and NSE is scheduled for November 12, 2025. 
• Book-running Lead Managers: Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, Motilal Oswal Investment Advisors Limited
• Registrar: MUFG Intime India Private Limited

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Investment Details

For retail investor category: 

• Minimum Investment: ₹15,000
• Shares: 150 (1 lot)
  
  
• Maximum Investment: ₹1,95,000
• Shares: 1950 (13 lot)

For Small Non-Institutional Investors (sNII) or Qualified Institutional Buyers (QIBs):

• Minimum Investment: ₹2,10,000
• Shares: 2100 (14 lot)
  
  
• Maximum Investment: ₹9,90,000
• Shares: 9900 (66 lot)

For Big Non-Institutional Investors (bNII) or Non-Institutional Investors:

• Minimum Investment: ₹10,05,000
• Shares: 10,050 (67 lot)

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Utilisation of Proceeds

The company intends to use the IPO proceeds towards the following objectives 

• Brand building.
• Performance marketing activities.
• To fund expenditure towards cloud infrastructure and inorganic growth through unidentified acquisitions.
• Invest in material subsidiaries, Groww Creditserv Technology Private Limited and Groww Invest Tech Private Limited, to augment its capital base and fund the margin trading facility (“MTF”) business, respectively. 
• General corporate purposes.

About Groww

Groww is a direct-to-consumer digital investment platform operated by Billionbrains Garage Ventures Limited. It enables users to invest and trade across financial products such as stocks (including IPOs), mutual funds, derivatives, bonds, ETFs, commodities, and intraday. Founded in 2016 by ex-Flipkart colleagues Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, Groww is India’s largest and fastest-growing investment platform by active users on NSE as of June 30, 2025. 

Groww’s revenue from operations grew at a CAGR of 127.70% from FY2022 to FY2025. For the full fiscal year 2025, revenue stood at ₹3,901.72 crore, up from ₹2,609.28 crore in FY 2024 and ₹1,141.53 crore in FY 2023. 

Further, the company posted a profit before tax of ₹2,463.78 crore for FY 2025 against a loss of ₹618.48 crore in FY 2024 (due to one-time tax expenses related to the amalgamation of the company) and a profit of ₹503.84 crore in FY 2023.

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