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Groww initial public offer: Founders, early investors to gain up to 5,100%
The New Indian Express Madurai
|November 03, 2025
THE promoters and the early investors of Billionbrains Garage Ventures, the parent of the country’s largest brokerage Groww, are going to make a killing from the %6,632 crore IPO that’s opening on Monday because their acquisition value is only a fraction of the post-issue valuation of the company that’s at $61,735 crore at the upper end of price band. Some of them will be making a windfall gains of up to5,100%, while the lowest return is 1,700%.
The Bengaluru-based discount brokerage with an active client base of over 12.7 million has fixed its price band at 795—100 per share. The offer comprises a fresh issue of %1,060 crore worth of shares and an offer for sale of %5,574 crore, which will be done by external investors pairing their stakes. The four cofounders—Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal—who
This story is from the November 03, 2025 edition of The New Indian Express Madurai.
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