Billionbrains Storage Ventures Ltd, the mum or dad firm of Indian inventory broking large Groww, has filed its crimson herring prospectus (RHP) and has set a worth band of Rs 95 to Rs 100 per fairness share for its upcoming Rs 6,632 crore IPO. 

The difficulty, which opens for public subscription on November 4 and closes on November 7, contains a recent difficulty of shares price Rs 1,060 crore and a suggestion on the market of 55.72 crore shares by current traders. The allocation to anchor traders is scheduled for November 3.

Every lot will include 150 fairness shares, with not lower than 75% of the difficulty reserved for certified institutional consumers, as much as 15% for non-institutional traders, and as much as 10% for retail traders. The idea of allotment shall be finalised on November 10, with refunds and share credit anticipated the next day. Shares are scheduled to listing on the BSE and NSE on November 12.

The Bengaluru-based firm plans to deploy Rs 152.5 crore of the proceeds towards increasing cloud infrastructure, Rs 225 crore for model improvement and advertising, and Rs 205 crore to strengthen the capital base of its non-banking finance subsidiary, Groww Creditserv Expertise. One other Rs 167.5 crore will assist margin buying and selling operations at Groww Make investments Tech.

The IPO is managed by Kotak Mahindra Capital, JP Morgan India, Citigroup World Markets India, Axis Capital, and Motilal Oswal Funding Advisors, whereas MUFG Intime India is the registrar.

Based in 2016 by former Flipkart executives Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, Groww operates a digital funding platform providing entry to equities, mutual funds, derivatives, bonds, and IPOs. As of June 2025, the corporate had 12.6 million energetic shoppers on the NSE, representing a 26.3% share of retail energetic shoppers as of September 2025.

In FY25, Groww reported a internet revenue of Rs 1,824 crore, a turnaround from a lack of Rs 805 crore in FY24, as income rose 49% year-on-year to Rs 3,902 crore. Within the first quarter of FY26, it posted income of Rs 904 crore and revenue of Rs 378 crore.