
Groww (Billionbrains Garage Ventures) IPO
BSELot: 150IT - Software
About Groww (Billionbrains Garage Ventures)
Groww (Billionbrains Garage Ventures) is a rapidly growing online investment platform in India, offering a wide range of financial products including stocks, mutual funds, ETFs, and more. The company aims to democratize investing by providing a user-friendly platform and educational resources to both new and experienced investors.
Subscription Status
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 22.02x | 0.20x | 0.10x |
| NII | 14.20x | 2.26x | 0.59x |
| Retail | 9.43x | 5.02x | 1.91x |
| Total | 17.60x | 1.64x | 0.57x |
Risk Factors
Promoters & Management
The key managerial personnel include Lalit Keshre (Whole-Time Director and Chief Executive Officer), Harsh Jain (Whole-Time Director and Chief Operating Officer), Ishan Bansal (Whole-Time Director and Chief Financial Officer), and Neeraj Singh (Whole-Time Director and Chief Technology Officer). Other senior management includes Roshan Bhanuprakash Dave (Company Secretary), Ashutosh Ashok Naik (Chief Compliance Officer), Adit Sunil Gupta (Head of Design), and Sunil Bissa (Head of Customer Success). The directors have a diverse range of experience in technology, finance, and management. The board includes independent directors such as Gaurang Shah, Neetu Kashiramka, Ankit Nagori, and Neeru Chaudhry. The management team is responsible for the company's strategy, operations, and financial performance. The company has established various board committees, including the Audit Committee, Nomination and Remuneration Committee, Stakeholders' Relationship Committee, and Risk Management Committee.