Groww (Billionbrains Garage Ventures) Logo

Groww (Billionbrains Garage Ventures) IPO

BSELot: 150

LISTEDMAINBOARD
Issue Price100
Listing115
Current170
Price Band
95 - ₹100
Lot Size
150
Issue Size
₹6632.3 Cr
GMP
0
Subscription
0.57x

IPO Schedule

1
Open
4 Nov
2
Close
7 Nov
3
Allotment
10 Nov
4
Listing
12 Nov

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

QIB
0.10x
NII
0.59x
Retail
1.91x
CategoryDay 3Day 2Day 1
QIB22.02x0.20x0.10x
NII14.20x2.26x0.59x
Retail9.43x5.02x1.91x
Total17.60x1.64x0.57x

Risk Factors

Highly competitive landscape with established players and new entrants.
Regulatory changes and compliance requirements in the financial services industry.
Dependence on technology and the risk of cybersecurity breaches or system failures.
Fluctuations in the stock market and economic conditions impacting investment volumes.
Inability to maintain user growth and retention rates.

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.