IPO Calendar: Groww leads action-packed week for listings worth Rs 6,800 crore

Dalal Street is gearing up for another busy week of public offerings, led by the much-awaited Groww IPO, which will test investor appetite for India’s new-age fintech stocks amid a wave of regulatory and market volatility. Alongside, a handful of smaller SME issues will also hit the market, keeping retail investors engaged. With around Rs 6,800 crore worth of issues set to open this week across mainboard and SME platforms, investors will have no shortage of options, but given the mixed sentiment, experts advise focusing on fundamentals rather than chasing listing gains.

Mainboard focus: Groww IPO in spotlight

The clear headline act this week is Billionbrains Garage Ventures, the parent company of Groww, whose Rs 6,632 crore IPO opens on Tuesday, November 4, and closes on Friday, November 7. The digital investment platform has set a price band of Rs 95–100 per share, with a mix of fresh issue (Rs 1,060 crore) and offer for sale (OFS) by early investors such as Peak XV Partners, Ribbit Capital, and Tiger Global.

The issue will be listed on both the BSE and NSE, with Kotak Mahindra Capital acting as the lead manager. The IPO will be closely watched as it comes at a time when India’s discount brokers — including Groww, Zerodha, and Angel One — face tighter rules in the derivatives segment and are pivoting to new revenue streams. Analysts expect strong retail participation but subdued listing-day fireworks given the cautious tone in the broader fintech space.

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SME corner: steady stream of smaller listings

While the spotlight remains on Groww, activity in the SME segment remains brisk, with three issues lined up this week. Curis Lifesciences will open its IPO on Friday, November 7, and close on Tuesday, November 11, offering shares in the Rs 120–128 price range. The issue size is a modest Rs 27.52 crore, and it will list on the NSE SME platform, with Finaax Advisors as the lead manager. The company, a pharmaceuticals and life sciences player, is looking to use the proceeds for working capital and business expansion.Finbud Financial Services, a financial advisory and lending solutions firm, will open its IPO on Thursday, November 6, and close on Monday, November 10. It has set a price band of Rs 140–142 per share for an issue size of Rs 71.68 crore. The issue will list on NSE SME, managed by SKI Capital.Another issue, Shreeji Global FMCG, will run concurrently with Groww’s offering, opening on Tuesday, November 4, and closing on Friday, November 7. With an issue size of Rs 85 crore and a price band of Rs 120–125 per share, it aims to list on the NSE SME exchange. Interactive Financial Services is the lead manager.

The IPO pipeline remains strong as companies look to tap buoyant equity markets before year-end. The success of mainboard offerings in recent months — including LG — has revived investor confidence, even as secondary market volatility has made investors more selective.