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Groww promoter stake valued at over ₹16,315 cr
Financial Express Kochi
|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.
Dit verhaal komt uit de October 31, 2025-editie van Financial Express Kochi.
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