Digital investment platform Groww (operated by Billionbrains Garage Ventures Ltd) has secured approximately ₹2,984.5 crore from 102 anchor investors ahead of its initial public offering (IPO). The anchor allotment comprised 29.85 crore shares at ₹100 each, according to the company’s regulatory filing.
Anchor Investor Details
Major domestic mutual funds including HDFC Mutual Fund, Kotak Mutual Fund, SBI Mutual Fund, along with global institutions such as the Abu Dhabi Investment Authority, Government of Singapore, and Goldman Sachs, participated in the anchor round. Approximately 46.6% (or ₹1,389.8 crore) of the anchor allocation was earmarked for 17 domestic mutual fund schemes.
IPO Structure & Valuation
Groww’s public issue includes a fresh issue of ₹1,060 crore and an offer-for-sale (OFS) of up to ₹5,572.3 crore at the upper price band of ₹100 per share, targeting a valuation in excess of ₹61,700 crore (USD ~7 billion). The price band is set at ₹95–₹100 per share.
Financial Performance
For FY25, Groww reported a revenue of ₹3,902 crore (up nearly 50% YoY) and net profit of ₹1,824 crore. However, in Q1 FY26, revenue declined about 10% to ₹904.4 crore, while profit stood at ₹378.36 crore.
Strategic Outlook
With strong anchor oversubscription and marquee investor backing, Groww is positioning itself as a major IPO in India’s fintech space. Its business model spanning brokerage, mutual funds, IPO access and other wealth-tech services aims to capture India’s expanding retail wealth management market. The anchor raise signals high institutional confidence ahead of retail subscription, which opens on November 4 and closes on November 7.
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