Billionbrains Garage Ventures
Groww's Rs 6,632 Crore IPO Achieves 1.64 Times Subscription: India's Largest Stockbroker Heading for November 12 Market Debut
Nov 06, 2025 09:44 pm CST
Billionbrains Garage Ventures, parent of India's largest stockbroker Groww, has seen its Rs 6,632 crore IPO subscribed 1.64 times on its second day. With strong retail investor interest at 5.02 times subscription, the company backed by Peak XV, Tiger Capital, and Microsoft CEO Satya Nadella targets a USD 7 billion valuation ahead of its November 12 market debut.
Zerodha's Nithin Kamath Reveals 20% of Groww IPO Applications Come From Their Customers as Rival Firm Goes Public
Nov 06, 2025 06:54 pm CST
Zerodha co-founder Nithin Kamath congratulates rival brokerage Groww on their IPO launch, revealing that 20% of applications are from Zerodha customers. The Rs 6,632.3 crore Groww IPO has seen strong retail investor participation with 4.46x subscription, having already secured Rs 2,985 crore from anchor investors. The subscription window closes November 7, with stock listing expected by November 12 on BSE and NSE.