Billionbrains Garage Ventures Ltd.(Groww) is a Bengaluru-based fintech company that provides retail investors a direct-to-customer (D2C) digital investment platform that provides wealth creation opportunities to customers through multiple financial products and services.

The company offers a platform to invest in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and U.S. stocks. Its mobile app is particularly popular among mutual fund investors.

Groww also offers value-added services such as Margin Trading Facility (MTF), algorithmic trading, New Fund Offers (NFOs), and credit solutions.

Core business growth is determined by the growth rate of the customer base and how efficient the customer relationships are. Groww became India’s largest and fastest growing investment platform by active users on NSE as of June 30, 2025**

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

#Market Cap- As of October 30,2025

*Market cap @upper band

• Brand Awareness and Acceptability: “Groww” is a well-known and preferred brand for investing across cities, towns and villages in India
• Three Key Parameters within Reach: High customer retention, engagement and price in-elasticity through customisation and personalised ready-to-read information provided to users based on their interests
• Ease of Access for Users: Customer-friendly design for enhancing investing experience (both app and website) with a creative and uniform design
• Focus on developing technology reliance: In-house technology stack to deliver a differentiated experience at a low cost
• Entrepreneurial and ownership-driven culture
• Strong execution delivering growth and profitability: Customer-first, technology-led and asset-light principles.

The Company Billionbrains Garage Ventures Ltd. IPO proposes to utilise the Net Proceeds from the Issue towards the following objects (with the expected Amount):

• Expenditure towards cloud infrastructure (₹ 152.50 Cr.)
• Brand building and performance marketing activities (₹ 225.00 Cr.)
• Investment in one of the Material Subsidiaries, GCS, an NBFC, for augmenting its capital base (₹ 205.00 Cr.)
• Investment in one of the Material Subsidiaries, GIT, for funding its MTF business (₹ 167.50 Cr.)
• Funding inorganic growth through unidentified acquisitions and general corporate purposes

At the upper band of IPO ₹ 100, the stock is valued at 33.36 P/E multiple.  Hence, well-informed investors would cautiously subscribe for medium to long term perspective.