India’s booming retail investment wave has found its newest star — Billion Brains Garage Ventures Ltd, better known as Groww. The Bengaluru-based fintech unicorn, founded in 2016, has opened its Rs 6,600 crore IPO for subscription from November 4–7, aiming for a valuation of nearly ₹62,000 crore. With over 1.2 crore active users, Groww has already surpassed Zerodha’s 74 lakh, cementing its position as India’s largest brokerage platform. Advertisement

But even as retail investors flood in, experts are asking: Is Groww’s IPO fairly priced?

IPO response

As of 4:58 PM on November 6, the Groww IPO was 1.64 times subscribed overall. The response was strongest from Retail Individual Investors (RIIs), who subscribed 5.01 times, while Non-Institutional Investors (NIIs) took up 2.26 times their

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