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Groww IPO Allotment: Billionbrains Garage Ventures' initial public offering (IPO) closed for subscription on November 7, with an overall booking of 17.6 times the equity on offer. The financial technology company's IPO received 641.87 crore bids against the 36.48 crore shares on offer, according to provisional exchange data. Billionbrains Garage Ventures is the parent of investment platform Groww.
The basis of allotment of the IPO shares is expected to be finalised on Monday, November 10, followed by the crediting of shares to the demat accounts of successful bidders. The stock is likely to list in the secondary market tentatively on November 12, 2025.
Investors who have applied for the IPO can check their allotment status online on the websites of BSE and NSE, or the issue registrar, MUFG Intime India.
Here's a step-by-step guide on how you can check your allotment status online:
1) Visit the NSE website
2) Select 'Equity and SME IPO bid details'
3) Choose 'Billionbrains Garage Ventures Limited' from the dropdown list
4) Enter your PAN and application number
5) Click submit
1) Go to the BSE website
2) Select 'Equity' under issue type
3) Choose 'Billionbrains Garage Ventures Limited'
4) Enter your application number or PAN
5) Click search to view your allotment status
1) Visit the MUFG Intime India website
2) Select 'Billionbrains Garage Ventures Limited' from the dropdown menu
3) Enter your PAN, application number, or demat account details
4) Click submit
Overall, investors bid for 641.87 crore shares against the total shares on offer. The subscription includes bids from institutional buyers, institutional investors and retail investor quota who booked the issue 22.02 times, 14.20 times and 9.43 times against their allotted portions, respectively.
In terms of shares, the QIBs, NIIs, and RIIs booked 438.03 crore, 141.28 crore and 62.54 crore shares against their allotted portions, respectively.
The Groww IPO is a book-build issue of Rs 6,632.30 crore, comprising a fresh issue of 10.60 crore shares and an offer-for-sale (OFS) of 55.72 crore shares.
The IPO has allocated 50 per cent, 35 per cent, and 15 per cent of the net offer to the QIB, NII, and retail investor categories, respectively.
Price band: Rs 95 to Rs 100 per equity share
Subscription date: From November 4 to November 7, 2025
Lot size: 150 shares (minimum investment of Rs 15,000 based on upper price)
Allotment date: November 10, 2025
Listing date: November 12, 2025
Founded in 2017, Groww is a financial technology company based in Bengaluru that offers the retail investor a direct-to-consumer digital investment platform through different financial products and services.
The company provides an online investment platform for investing in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and U.S. stocks on its website.
Financially, Groww's revenue from operations rose nearly 50 per cent to Rs 3,901.7 crore and a net profit of Rs 1,824.4 crore.