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Groww promoter stake valued at over ₹16,315 cr
Financial Express Mumbai
|October 31, 2025
BILLIONBRAINS GARAGE VENTURES, the owner of India’s largest brokerage platform Groww, is planning to raise %6,630 crore through an initial public offering (IPO).
The company on Thursday fixed a price band of 95-100 per share, targeting valuation of over ₹61,700 crore
The issue will comprise a fresh issue of 106 million equity shares aggregating to ₹1,060 crore and an offer for sale (OFS) of 557.2 million equity shares, aggregating to ₹5,572.3 crore.
Some of the investors participating in the OFS include Peak VI Partners Investments, YC Holdings II, Ribbit Capital V, GW-E Ribbit Opportunity V, Internet Fund VI, Kauffman Fellows Fund and Sequoia Capital Global Growth Fund III. Microsoft CEO Satya Nadella is also an investor.
Post-IPO, the growth focus will be in wealth, loan against shares (LAS) and commodity trading. Groww will also partner with banks for LAS.
This story is from the October 31, 2025 edition of Financial Express Mumbai.
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