Prior to its initial public offering (IPO), investment platform Groww, run by Billionbrains Garage Ventures Ltd., has raised Rs 2,984.5 crore from anchor investors.

According to the company's regulatory filing that can be viewed via the stock exchange, the IPO committee approved the distribution of 29.85 crore shares at a price of Rs 100 each, with a face value of Rs 2 and a premium of Rs 98.

Key Highlights

• Groww raised ₹2,984 crore by allocating 29.84 crore shares at ₹100 each. 
• Participation came from 102 anchor investors including global sovereign funds and domestic mutual funds ahead of its IPO.

A number of prominent investors, including HDFC Mutual Fund, Kotak Mutual Fund, SBI Mutual Fund, Nippon India, Axis Mutual Fund, and Aditya Birla Sun Life, among others, participated in Groww, according to the company's filing. International organizations including the Singaporean government, the Singapore Monetary Authority, the Abu Dhabi Investment Authority, Goldman Sachs, the New York State Teachers Retirement System, and Norway’s Government Pension Fund Global also came on board.

Approximately 46.6% (Rs 1,389.8 crore) of the entire anchor allotment went to 17 domestic mutual funds distributed among 54 schemes. Public subscriptions for the anchor allotment for Groww's initial public offering (IPO) will begin today and end on November 7. A price range of Rs 95–100 per share has been established by the corporation.

A new issue of shares valued at Rs 1,060 crore and an offer for sale (OFS) of Rs 5,572.3 crore at the upper price range of Rs 100 per share will be part of Groww's public offering, which is supported by Peak XV Partners, Tiger Global, Ribbit Capital, and ICONIQ Growth. Early key investors will participate in the OFS.

A new report claims that current investors of Groww will profit greatly from the partial sale offer. Nirman Ventures and Y Combinator will earn 126.6X and 29X returns, respectively, while Kauffman Fellows Fund will record an astounding 196X return. Significant returns from the IPO are also anticipated from major backers like Peak XV Partners, Tiger Global, and Ribbit Capital.

Also Read: Groww Sets IPO Price Band at Rs 95-Rs 100, Valuing Firm at $7 Bn

The Bengaluru-based company's profit increased to Rs 1,824 crore in FY25, while its operating revenue increased by almost 50% year over year to Rs 3,902 crore. Groww reported a profit of Rs 378.36 crore in Q1 FY26, despite an almost 10% YoY fall in revenue to Rs 904.4 crore.