Billionbrains Garage Ventures
November 4, 2025 – November 7, 2025
| Price | ₹95 - ₹100 |
| GMP Rumors * | ₹16 |
|---|---|
| Lot size | 150 |
| Issue size | ₹6632.30 cr |
| Allotment | Nov 10, 2025 |
| Listing | Nov 12, 2025 |
Billionbrains Garage Ventures Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 150 | 15000 | 442153 |
| sHNI | 14 | 2100 | 210000 | 15791 |
| bHNI | 67 | 10050 | 1005000 | 31582 |
Billionbrains Garage Ventures Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 497422538 | 75% |
| HNI | 99484508 | 15% |
| Retail | 66323005 | 10% |
| Total | 663230051 | 100% |
Billionbrains Garage Ventures About
IPO Details
| Total Issue Size | 663,230,051 shares (aggregating up to 6632.3 cr) |
| Fresh Issue | 106,000,000 shares (aggregating up to 1,060.00 Cr) |
| Offer for Sale | 557,230,051 shares (aggregating up to 5572.3 Cr) |
| Face Value | ₹2/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,09,38,53,341 shares |
Key Performance Indicators (KPI)
| KPI | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| RONW | 6.31 | 37.57 | -31.66 | 13.80 |
| EPS (BASIC) | 0.66 | 3.34 | -1.50 | 0.86 |
| P/E PRE IPO | 33.26 | |||
| P/E POST IPO | 40.79 |
Financial Details In Crores
| Period Ended | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 12,713.1 | 10,077.3 | 8,017.97 | 4,807.78 |
| Total Income | 948.47 | 4,061.65 | 2,795.99 | 1,260.96 |
| Profit After Tax | 378.37 | 1,824.37 | -805.45 | 457.72 |
| EBITDA | 418.75 | 2,371.01 | -780.88 | 398.78 |
| NET Worth | 5,995.45 | 4,855.35 | 2,542.64 | 3,316.75 |
| Reserves and Surplus | 5,506.78 | 3,251.92 | 2,477.76 | 4,445.63 |
| Total Borrowing | 324.08 | 351.99 | 24.06 |
Peer Comparision (Valuation)
| Company | P/E (x) | Face value (₹) |
|---|---|---|
| Billionbrains Garage Ventures Ltd | 33.26 | 2.00 |
| Angel One Limited | 19.8 | 10.00 |
| Motilal Oswal Financial Services Limited | 24.88 | 1.00 |
| 360 One WAM Limited | 45.2 | 1.00 |
| Nuvama Wealth Management Limited | 26.85 | 10.00 |
| Prudent Corporate Advisory Services Limited | 58.92 | 5.00 |
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Billionbrains Garage Ventures Ltd | 8.89 | 37.57 | 3.34 |
| Angel One Limited | 623.72 | 20.85 | 130.05 |
| Motilal Oswal Financial Services Limited | 185.24 | 22.64 | 41.83 |
| 360 One WAM Limited | 188.89 | 14.37 | 27.14 |
| Nuvama Wealth Management Limited | 979.11 | 28.22 | 276.66 |
| Prudent Corporate Advisory Services Limited | 161.25 | 29.3 | 47.25 |
Company Overview
Incorporation: 2017
Headquarters: Bengaluru, India
Business Overview: Technology-driven fintech company providing a direct-to-customer digital investment platform that enables retail investors to build wealth through a variety of financial products and services.
Primary Offerings: Investment in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and U.S. stocks via a user-friendly mobile and web platform.
Value-Added Services: Margin Trading Facility (MTF), algorithmic trading, New Fund Offers (NFOs), and credit-based products.
Business Model:
Growing its retail customer base.
Deepening customer relationships through multiple investment products and long-term engagement.
Products & Services:
Broking services: Stocks and Derivatives
Financial products: Mutual Funds, MTF, Credit solutions, and Groww AMC
Workforce: 1,415 employees as of June 30, 2025.
Customer Reach: Groww is one of India’s most popular digital investing platforms, with a strong user base across cities, towns, and villages.
Strength
Strong Brand Recognition and Trust:“Groww” is a widely recognized and trusted brand among retail investors across urban and rural India, known for transparency and ease of use.
Customer Retention and Engagement:High retention levels and active engagement demonstrate strong loyalty and platform stickiness, with customers showing limited price sensitivity.
Simplified, User-Friendly Platform: Customer-centric interface enhances accessibility and investment experience, contributing to rapid adoption among first-time and tech-savvy investors.
Weakness
Dependence on Broking Services: Broking contributed 84.50% of total operating revenue in FY 2025. Any decline in trading activity or customer preference for these services could significantly impact revenue and profitability.
Technology Reliability and System Risks: Continuous access to the online platform is critical. Any system failure, downtime, or cybersecurity breach could disrupt services and harm brand credibility.
Exposure to Market Volatility: Economic downturns, policy changes, or global market instability can negatively influence trading volumes and investor sentiment, affecting overall business performance.
Billionbrains Garage Ventures Lead Manager(s)
Billionbrains Garage Ventures Address
Vaishnavi Tech Park,
South Tower, 3rd Floor
Sarjapur Main Road, Bellandur
Bangalore Urban, Karnataka, 560103
Phone: +91 80 6960 1300
Email: corp.secretarial@groww.in
Website: http://www.groww.in/
Billionbrains Garage Ventures Registrar
Billionbrains Garage Ventures Reviewers
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