Investment platform Groww, operated by Billionbrains Garage Ventures, has announced its initial public offering (IPO) price band at ₹95 to ₹100 per share, pegging the company’s valuation at around ₹61,700 crore (approximately $7 billion) at the upper end.

Key Highlights

• Groww sets IPO price band at ₹95–₹100 per share, valuing the firm at $7 billion.
• The ₹6,632 crore IPO includes a ₹1,060 crore fresh issue and ₹5,572 crore OFS.

The ₹6,632 crore IPO will open for subscription on November 4 and close on November 7, with anchor bids scheduled a day earlier. The issue includes a fresh equity issuance of ₹1,060 crore and an offer-for-sale (OFS) worth ₹5,572 crore by existing shareholders, including promoters and early investors such as Y Combinator and Tiger Global.

Founded in 2016 by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, Groww has become one of India’s most popular online investment platforms, offering mutual funds, stocks, ETFs, and IPOs through a digital-first model.

Also Read: Groww IPO Pegs Founders' Stake at $1.85B; Y Combinator Eyes 29x

The company plans to use the IPO proceeds to expand its technology infrastructure, enhance its wealth management offerings, and strengthen its research and analytics capabilities. The listing marks a major milestone for India’s fintech sector, signaling strong investor confidence in the country’s fast-growing retail investment ecosystem.