India, Nov. 4 -- Billionbrains Garage Ventures Pvt. Ltd., which operates India's largest online broker Groww, has launched its initial public offering, underscoring the surge in retail investors in the world's fourth-largest stock market.

On offer in the Groww IPO are 66.32 crore shares-10.60 crore new and 55.72 crore via an offer for sale-in a price range of Rs.95-100 to raise as much as Rs.6,632.30 crore, according to the company's red-herring prospectus. The lot size for retail investors is set at 150 shares, which translates to a minimum investment of Rs.15,000.

That pegs Groww's valuation at Rs.61,735 crore as against Rs.58,500 crore in July 2025. That's about 30 times earnings for the fiscal year ended 31 March-meaning, the compan...