Groww IPO – Issue Date, Price, Lot Size & Other Details

Introduction

The Groww IPO has generated enormous interest in India’s financial markets. With its strong digital-first investment platform and a massive user base, Groww is setting the stage for one of the more anticipated public offerings of 2025. In this article, we’ll explore the business behind Groww, its competitive landscape, and dive into the key IPO details, issue date, price band, lot size, and other important facts.

Company History of Groww

Groww was founded in 2016 by 4 former Flipkart employees – Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh. Launching its operations in 2017 as a mutual-fund distribution platform, the company rapidly expanded its footprint into equities, ETFs, IPOs, digital gold and more. Currently Groww is India’s leading stockbroking firm with more than 12.6 million active clients and a market share exceeding 26% as of June 2025.

By the time the IPO was being planned, Groww had filed updated draft papers for a roughly ₹7,000 crore offering. Headquartered in Bengaluru, India, Groww offers its users a mobile-and-web platform targeting retail and first-time investors, focusing on simplicity, low cost and intuitive design.

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Competitors

In the digital brokerage and investment-platform space in India, Groww faces several major competitors. Some of the notable ones include:

• Zerodha – A pioneer in discount broking with a large client base.
• Angel One – A full-service broker offering investment, trading and advisory services.
• Other online platforms and fintech startups entering the stock-brokerage, mutual fund, ETF and wealth-management segments.
  

Competition is intense because the barriers to entry are lowering (thanks to technology) but regulation, margin risk, customer acquisition costs and retention remain significant. Groww’s strength lies in its simplicity and focus on the first-time investor, but in such a landscape the competitive edge needs continual reinforcement.

Groww IPO: Issue Date, Price, Lot Size & Other Details

Here’s a detailed breakdown of the key information for the Groww IPO.

Issue Date

• The public issue of Billionbrains Garage Ventures Pvt. Ltd., the parent company of Groww opened for subscription on 4 November 2025 and will close on 7 November 2025.
  
• The listing is proposed on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).
  

Price Band / Issue Price

• The price band is set between ₹95 and ₹100 per share.
  
• The total issue size is up to ₹6,632.30 crore, comprising a fresh issue of ₹1,060 crore and an Offer For Sale (OFS) of up to ₹5,572.30 crore.
  
• The implied valuation is upward of ₹61,700 crore (based on earlier reporting) for Groww.
  

Lot Size & Minimum Investment

• The lot size for the retail investor has been fixed at 150 shares.
• At the upper end of the price band (₹100), one lot would cost ₹15,000 (150 x ₹100). At ₹95, the cost would be ₹14,250.
  

Other Details

• The IPO is a 100% book-built issue (which means price discovery will happen in the range) and is a mix of fresh issue + OFS.
• The allotment is expected to be finalized shortly after the closing date (for example, sources mention 10 November 2025 as tentative allotment date).
• Given the strong brand and user base of Groww, the IPO is being closely watched by both retail and institutional investors. Reports indicate that on Day 1, the subscription was 57% among retail investors.
  

Why This Matters

• For retail investors, knowing the lot size and cost allows you to plan your application and block funds accordingly.
• The price band gives an idea of how much you’re paying and helps compare with peer IPOs.
• Fresh issue + OFS means some of the capital is going into company growth (fresh) and some is existing shareholders exiting (OFS) — an important distinction.
• Listing on major exchanges adds liquidity and credibility.
• The retail subscription levels and demand will influence allotment chances and potential listing gains.
  

Groww IPO subscribed 57% on Day 1

On day 1, i.e. 4th November, 2025, the Groww IPO received bids for 20.62 crore shares against 36.4 crore shares on offer, as per the data available on NSE. This figure amounts to an overall subscription of 57%. The portion reserved for non-institutional investors was subscribed 59%, whereas the retail individual investors (RII) category witnessed a subscription of 1.91 times.

Ahead of the IPO’s opening, Groww raised a little over Rs.2,984 crore from anchor investors, including Abu Dhabi Investment Authority and the Government of Singapore.

Groww IPO GMP Price on Day 1

Now let’s check the Grey market premium (GMP) for Groww on Day 1. On 4th November. Groww shares were commanding a premium of Rs. 17 in the grey market. This accounts to a listing gain of about 17%, as per the data from platforms tracking unofficial market activity.

Key Takeaways

• Groww IPO offers a strong entry point into a leading digital investment platform in India, targeting retail investors.
• With the issue opened on 4 November 2025 and closing on 7 November 2025, investors need to mark their calendars.
• At a price range of ₹95-100 per share and lot size of 150 shares, the minimum retail investment is around ₹14,250-₹15,000.
• The total issue size of ₹6,632 crore is substantial, signalling both confidence by the company and significant investor interest.
• Because the IPO is a mix of fresh issue and OFS, investors should be clear about how much of their money goes into the company versus existing shareholders exiting.
• As with any IPO, listing gains are not guaranteed, market conditions, demand, regulatory environment (especially for brokers) and investor sentiment will all play a role.
• Given the competition in the brokerage/investment space and regulatory headwinds, Groww’s future performance will need to deliver on growth, profitability and user retention.
  

Parting Words

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