Groww Parent Billionbrains Garage Ventures IPO Fully Subscribed on Second Day
The $754-million initial public offering (IPO) of Billionbrains Garage Ventures, the parent company of online investment platform Groww, was fully subscribed on the second day of its launch, driven primarily by strong retail investor participation. As of 11:15 a.m. IST on Thursday, bids were placed for 366.8 million shares against the 364.78 million shares on offer, according to stock exchange data.
Backed by prominent global investors including Peak XV Partners and Tiger Global, Groww secured ₹29.85 billion ($339.61 million) from anchor investors on Monday ahead of the IPO’s public launch. The offering, which closes on November 7, has attracted wide attention from both institutional and individual investors due to the company’s rapid growth in India’s booming fintech sector.
The IPO is among the largest in 2025 so far, joining major listings such as Tata Capital, LG Electronics India, and HDB Financial. Market experts say this wave of high-value offerings reflects renewed investor confidence and signals a record-breaking year for fundraising in India’s primary market.
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