Grow’s IPO opens from today: You can bid till November 7, minimum investment will be Rs 15,000

The IPO of BillionBrains Garage Ventures, the parent company of stock broking platform Grow, has opened today i.e. from November 4. Retail investors will be able to bid in it till November 7.

The company wants to raise Rs 6632.30 crore in this IPO. In this, 10.6 crore new shares worth Rs 1,060 crore will be issued. Whereas 55.72 crore shares worth Rs 5,572.30 crore will be offered for sale.

What is the minimum and maximum amount that retail investors can invest? For this IPO, retail investors can apply for minimum one lot i.e. 150 shares. If you apply for 1 lot at the upper price band of IPO at ₹100, you will have to invest ₹15,000.

Whereas retail investors can bid for a maximum of 13 lots i.e. 1,950 shares of IPO. For which investors will have to make a maximum investment of ₹ 1,95,000.

75% of the company’s issue reserved for retail investors 75% of the company’s issue has been reserved for Qualified Institutional Buyers (QIB). Apart from this, 10% share is reserved for retail investors and 15% share is reserved for non-institutional investors (NII).

What will happen to the money received from IPO?

Use of money received by the company:

• ₹152.50 crore on cloud infrastructure.
• ₹225 crore on brand building and marketing.
• ₹205 crore to increase capital in subsidiary GCS (NBFC).
• ₹167.50 crore for MTF business in subsidiary GIT.
• The rest on acquisition and general use.

The company was started in 2017 Grow was started in 2017. It is a digital platform that provides investment opportunities directly to customers. The Grow app lets you invest in Mutual Funds, Stocks, Futures & Options (F&O), ETFs, IPOs, Digital Gold and even US Stocks.

The company not only provides broking services but also offers additional services like Margin Trading Facility (MTF), Algorithmic Trading, New Fund Offers (NFO) and Credit Solutions. As of June 2025, 1,415 employees were working in the company.

What is IPO? When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.

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