Groww IPO

Groww is a technology-driven fintech company, operating under Billionbrains Garage Ventures Ltd. It provides a direct-to-customer digital investment platform, which is currently India's largest stockbroker by active clients. The platform offers a variety of financial products including Mutual Funds, Stocks, F&O, ETFs, IPOs, digital gold, and credit-based products like Margin Trading Facility (MTF). Groww focuses on a user-friendly, mobile-first interface to attract and retain retail investors, particularly the younger demographic. The company is actively diversifying its revenue streams beyond broking into lending and asset management (Groww AMC).
Understanding Subscription Categories
QIB
Qualified Institutional Buyers
Includes FII, DFI, Mutual Funds, and other qualified institutions.
NII
Non-Institutional Investors
High net-worth individuals: bNII (₹10L+) and sNII (₹2L-₹10L).
Retail
Retail Individual Investors
Retail investors with applications up to ₹2 lakh per PAN.