The Groww IPO is set to open for public subscription on November 4, 2025, with strong traction already visible in the grey market. The parent company, Billionbrains Garage Ventures Pvt Ltd, has fixed the price band at ₹95–₹100 per share, valuing the stockbroking platform at over ₹61,700 crore.
The ₹6,632 crore IPO will remain open till November 7, while retail bidding will begin a day earlier, on November 3. The basis of allotment is expected by November 10, and the shares will list on the BSE and NSE on November 12.
Grey Market Premium (GMP) Indicates Upbeat Sentiment
Ahead of the IPO opening, the Groww IPO Grey Market Premium (GMP) has risen, signaling potential listing gains of around 10%.
According to data from Investorgain, Groww shares are quoting a premium of ₹10.5 per share, suggesting a listing upside of 10.5% over the upper price band. Similarly, IPO Watch has reported a GMP of about 11%, reflecting positive investor sentiment ahead of the issue launch.
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Financial Performance Highlights
On the financial front, Groww’s parent company, Billionbrains Garage Ventures, reported:
Net profit: ₹378.4 crore for the quarter ended June 2025, up 11.9% from ₹338 crore in the same quarter last year.
Revenue: ₹904.4 crore in Q1FY26, down 9.6% year-on-year from ₹1,000.8 crore.
For the financial year 2025, the company swung to a profit of ₹1,824.4 crore, compared to a loss of ₹805.5 crore in FY24. Total revenue surged 49.5% to ₹3,901.7 crore, up from ₹2,609.3 crore in the previous year — reflecting strong growth momentum and operational efficiency.
IPO Timeline Summary
| Event | Date |
|---|---|
| Retail Bidding Opens | November 3, 2025 |
| IPO Opens for All Investors | November 4, 2025 |
| IPO Closes | November 7, 2025 |
| Basis of Allotment | November 10, 2025 |
| Refunds Initiated | November 11, 2025 |
| Shares Credited to Demat | November 11, 2025 |
| Listing Date | November 12, 2025 |
Market Outlook
With robust financial turnaround, improving profitability, and positive grey market sentiment, the Groww IPO is drawing strong investor interest ahead of its opening. The steady GMP trend around 10–11% suggests optimism for a healthy listing premium, provided broader market conditions remain stable.
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