Groww IPO

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).

Issue Price
100
Current GMP
18 (18.00%)
Overall Subscription
0.21x
Issue Size
₹6632.30 Cr
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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.