Shardul Amarchand Mangaldas & Co. (SAM) advised Billionbrains Garage Ventures Limited, the operator of “Groww”, on its ₹6,632 crore (approximately US$ 748 million) initial public offering (IPO) comprising a fresh issue and an offer for sale by certain shareholders, including affiliates of Peak XV Partners, Y Combinator, Ribbit Capital, Tiger Global and others.
Groww is India’s largest investment platform by active users on NSE as of June 30, 2025. The issue witnessed robust demand, with overall subscription of over 17 times, including over 22 times by QIBs.
The SAM team was led by Prashant Gupta, Partner & National Practice Head — Capital Markets; Ruth Chenchiah, Partner; Harini Jambunathan, Senior Associate; Sridutt Mishra, Senior Associate; Mathangi K., Associate; Thejaswi Melarkode, Associate.
The Securities Regulatory team was led by Manjari Tyagi, Partner; Deepika Goyal, Principal Associate; Aditi Gupta, Principal Associate; Kashvi Vachhani, Associate.
Shilpa Mankar Ahluwalia, Partner & Co-Head — Banking and Finance; Shweta Singh, Senior Associate; Ansh Jain, Associate; Dhwanit Rathor, Associate, on Financial Regulatory and Fintech matters.
The Corporate aspects were advised by Raghubir Menon, Regional Practice Head — M&A and Private Equity; and Gaurang Mandavkar, Associate.