IPO alert: Groww parent raises ₹6,632cr at ₹100/share
Groww's parent company, Billionbrains Garage Ventures, just pulled off a massive IPO—raising ₹6,632cr. Shares were priced at ₹100.
The response? Huge: the IPO was oversubscribed 17.6 times and shares debuted at ₹112 (NSE) and ₹114 (BSE).
After a strong post-listing rally, Groww's market cap surged to nearly ₹91,500cr.
India's biggest stockbroker
Started in 2016 in Bengaluru, Groww is now India's biggest stockbroker with 12.6 million active users as of June 2025.
Its easy-to-use mobile platform is built for digital-first investors—think anyone who prefers investing from their phone.
During FY24-FY25, Groww accounted for over half (51%) of new NSE active clients.
Big names like Peak XV Partners, Tiger Capital, and even Microsoft CEO Satya Nadella have backed the company.
What's next for Groww?
Groww plans to use the funds for tech upgrades (like cloud infrastructure), building its brand, supporting its subsidiaries, and making new acquisitions.
Retail investors showed serious love too—their portion of the IPO was oversubscribed by more than nine times!
Kotak Mahindra Capital led the deal with MUFG Intime India as registrar.