Billionbrains Garage Ventures Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 497,422,538 (75%) | — | ₹497,423 Cr |
| NII (HNI) | — | 99,484,508 (15%) | — | ₹99,485 Cr |
| Retail | — | 66,323,005 (10%) | — | ₹66,323 Cr |
| Σ Total | — | 663,230,051 (100%) | — | ₹6,632,301 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1,950 | ₹195,000 |
| S-HNI (Min) | 14 | 2,100 | ₹210,000 |
| B-HNI (Min) | 67 | 10,050 | ₹1,005,000 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Jun 2025 | 31 Mar 2025 | 30 Jun 2024 |
|---|---|---|---|
| Revenue | 948 | 4,062 | 1,048 |
| EBITDA | 419 | 2,371 | 483 |
| Profit After Tax | 378 | 1,824 | 338 |
| Net Worth | 5,995 | 4,855 | 2,886 |
| Total Assets | 12,713 | 10,077 | 10,819 |
| Reserves & Surplus | 5,507 | 3,252 | 2,821 |
| Total Borrowing | 324 | 352 | 118 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Expenditure towards cloud infrastructure – 152.50
- 2 Brand building and performance marketing activities – 225.00
- 3 Investment in one of the Material Subsidiaries, GCS, an NBFC, for augmenting its capital base – 205.00
- 4 Investment in one of the Material Subsidiaries, GIT, for funding its MTF business – 167.50
- 5 Funding inorganic growth through unidentified acquisitions and general corporate purposes –
Company Overview
Incorporated in 2017, Groww is a Bengaluru-based fintech company that provides retail investors direct-to-customer digital investment platform that provides wealth creation opportunities to customers through multiple financial products and services.
The company offers platform to invest in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and U.S. stocks. Its mobile app is particularly popular among mutual fund investors.
Groww also offers value-added services such as Margin Trading Facility (MTF), algorithmic trading, New Fund Offers (NFOs), and credit solutions.
Business Model
- Growing its customer base and
- Expanding its relationship with customers
Products & Services:
- Broking services which includes Stocks and Derivatives
- Products which includes Mutual Funds, MTF, Credit and Groww AMC
As of June 30, 2025, the company had 1415 employees.
Competitive Strengths:
- “Groww” is a well-known and preferred brand for investing across cities, towns and villages in India.
- High customer retention, engagement and price in-elasticity.
- Customer-friendly design for enhancing investing experience.
- In-house technology stack to deliver a differentiated experience at low cost.
- Entrepreneurial and ownership-driven culture
- Strong execution delivering growth and profitability