Groww, Pine Labs to lead ₹10,700cr IPOs this week
03 Nov 2025
India's primary market is set for a busy week starting today as six new initial public offerings (IPOs) are expected to hit the market, including two highly anticipated ones—Groww and Pine Labs.
The total fundraising from these six companies is estimated at ₹10,733.5 crore. This includes ₹10,532.2 crore from mainboard IPOs of Groww and Pine Labs alone.
Groww's ₹6,632-crore IPO
Market debut
Billionbrains Garage Ventures, the parent company of popular stockbroking platform Groww, will launch its mainboard segment IPO on November 4.
The price band is set at ₹95-100 per share and subscription will close on November 7.
The company plans to raise ₹6,632.3 crore through this IPO by issuing fresh shares worth ₹1,060 crore and an offer-for-sale of 55.72 crore shares worth ₹5,572.3 crore by investors.
Pine Labs to raise ₹3,900 crore
Fintech offering
Following Groww, fintech company Pine Labs will launch its ₹3,900-crore IPO from November 7-11.
The Noida-based company provides in-store point-of-sale and online payment gateways.
It plans to raise ₹2,080 crore through fresh shares while investors, collectively including Peak XV Partners and PayPal, will offload 8.23 crore equity shares via offer-for-sale at a price band of ₹210-221 per share.
SME IPOs this week
Small caps
The week will also see four public issues from the SME segment.
Shreeji Global FMCG, which offers spices and food grains, will launch its IPO on November 4 at a price band of ₹120-125 per share. It plans to raise ₹85 crore through this issue.
Loan aggregation platform Finbud Financial Services will follow with a nearly ₹72-crore public issue on November 6 at ₹140-142 per share.
Other SME issues
Pharma and manufacturing
Pharma company Curis Lifesciences will open its IPO for subscription on November 7 at a price band of ₹120-128 per share.
Meanwhile, solid carbide cutting tools manufacturer Shining Tools will be the last to launch its IPO on the same day at ₹114 per share, aiming to raise ₹17.1 crore.
