The IPO, which opens on November 4 and closes on November 7, has been priced within the vary of Rs 95–100 per share, valuing Groww’s dad or mum firm, Billionbrains Storage Ventures, at round $8 billion (Rs 70,400 crore). The problem will comprise a recent problem of Rs 1,060 crore and an OFS of 55.72 crore shares by early buyers.
Peak XV, Y Combinator lead the windfall race
Among the many high sellers, Peak XV Companions Investments VI-1 is ready to dump 15.83 crore shares, initially purchased at a weighted common price of Rs 1.91 per share. The fund’s Rs 30.23 crore funding will now be price Rs 1,582.81 crore on the higher finish of the value band, a staggering 5,135% return.
YC Holdings II, LLC, one other early backer, will promote 10.54 crore shares, acquired at Rs 3.45 per share, turning its Rs 36.39 crore funding into Rs 1,054.81 crore, a 2,798% return.
Enterprise capital agency Ribbit Capital V, L.P will even reap massive rewards, promoting 6.56 crore shares purchased at Rs 2.30 apiece, translating its Rs 15.10 crore funding into Rs 656.68 crore, or a 4,247% achieve.
Tiger International and Ribbit-linked fund additionally money in
One other Ribbit-linked entity, GW-E Ribbit Alternative V, LLC, will offload 5.24 crore shares, initially bought at Rs 37.87 apiece. Its Rs 198.68 crore funding will rise to Rs 524.64 crore, implying a 164% return.In the meantime, Web Fund VI Pte. Ltd., a Tiger International entity, will promote 5.18 crore shares, acquired at Rs 21.97 every. Its Rs 113.89 crore funding will swell to Rs 518.4 crore, marking a 355% return.Collectively, these 5 buyers — Peak XV Companions, YC Holdings, Ribbit Capital, GW-E Ribbit Alternative V, and Tiger International’s Web Fund VI — will unlock about Rs 4,340 crore via the OFS on the high finish of the value band.
Different promoting shareholders within the OFS embody Kauffman Fellows Fund, Alkeon Innovation Grasp Fund II, Alkeon Innovation Grasp Fund II Personal Sequence, Propel Enterprise Companions International US, and Sequoia Capital International Progress Fund III – U.S./India Annex Fund.
IPO particulars and market backdrop
The IPO will open for public subscription on November 4 and shut on November 7. It contains a recent problem of Rs 1,060 crore and an OFS of 55.72 crore shares by early buyers together with Peak XV Companions, Ribbit Capital, Y Combinator, Tiger International, and Kauffman Fellows Fund.
Groww’s dad or mum, Billionbrains Storage Ventures, is focusing on a valuation of as much as $8 billion (about Rs 70,400 crore) via the providing. The problem might be managed by Kotak Mahindra Capital, JP Morgan India, Citigroup International Markets India, Axis Capital, and Motilal Oswal Funding Advisors.
The itemizing follows a blockbuster October for IPOs, that includes Tata Capital’s Rs 15,500 crore problem and LG Electronics India’s Rs 11,600 crore providing, with Lenskart’s Rs 2,150 crore IPO additionally slated to open on October 31.
A fintech success story?
Based in 2016, Groww has developed from a stockbroking app right into a full-fledged monetary providers market, spanning wealth administration, commodities, margin buying and selling services, and loans in opposition to shares.
The corporate reported a internet revenue of Rs 1,824 crore in FY25, marking a pointy turnaround from a lack of Rs 805 crore in FY24, as revenues surged 49% year-on-year to Rs 3,902 crore. In Q1 FY26, it posted Rs 904 crore in income and Rs 378 crore in revenue, underscoring sustained development momentum.
As of June 2025, Groww had 12.6 million energetic purchasers on the Nationwide Inventory Alternate (NSE), commanding a 26.3% share amongst retail buyers — placing it practically on par with trade chief Zerodha.
Whereas brokers face regulatory uncertainty round futures and choices (F&O) buying and selling, Groww’s diversified mannequin and constant profitability have strengthened investor confidence forward of the itemizing.
If the IPO sails via, Groww may cement its place amongst India’s most profitable fintech tales, becoming a member of the ranks of Paytm and Zomato — however with a stronger steadiness sheet and a sharper concentrate on profitability.
