Groww sets IPO price band at Rs 95-100 per share

The issue consists of fresh issuance aggregating to Rs 1,060 crore, and an offer for sale (OFS) of 55.72 crore shares amounting to Rs 5,572.3 crore.

The issue will open for subscription on November 4 and close on November 7. Bids can be made for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter. (File photo)

Billionbrains Garage Ventures Ltd, the parent company of Groww, an online retail investment platform, has set a price band for its Rs 6,632.3 crore initial public offering (IPO) at Rs 95 to Rs 100 per equity share.

The issue consists of fresh issuance aggregating to Rs 1,060 crore, and an offer for sale (OFS) of 55.72 crore shares amounting to Rs 5,572.3 crore.

The issue will open for subscription on November 4 and close on November 7. Bids can be made for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter.

Anchor investors will place their bids on November 3.

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Groww is a direct-to-customer digital investment platform that provides wealth creation opportunities to customers through multiple financial products and services. It reported a profit of Rs 378.36 crore during the quarter ended June 2025, compared to Rs 338 crore in the year-ago period.

Its revenue from operations grew at a CAGR of 127.7 per cent from FY2022 to FY2025.

The company derived 84.5 per cent and 79.49 per cent of its revenue from operations from its broking services in fiscal 2025 and in the three months ended June 30, 2025, respectively. The number of active users on Groww grew at a CAGR of 52.74 per cent from the beginning of fiscal 2023 through the three months ended June 30, 2025.