Billionbrains Garage Ventures Limited will open its Initial Public Offer (IPO) on Tuesday, November 4, 2025, and close on Friday, November 7, 2025. The price band for the issue is set at ₹95 to ₹100 per equity share with a face value of ₹2. Bids can be made for a minimum of 150 shares and in multiples of 150 thereafter. The Anchor Investor bidding will take place on Monday, November 3, 2025.
The IPO comprises a fresh issue of up to ₹10,600 million and an offer for sale of up to 55.72 crore equity shares. The company’s shares will be listed on both the BSE and NSE, with the NSE designated as the lead exchange. The offer is being made through the book-building process under SEBI ICDR Regulations.
As per SEBI guidelines, not less than 75% of the offer will be allocated to Qualified Institutional Buyers (QIBs), up to 15% for Non-Institutional Investors (NIIs), and 10% for Retail Individual Investors (RIIs). The company may allocate up to 60% of the QIB portion to Anchor Investors, with one-third reserved for domestic mutual funds.
Kotak Mahindra Capital, J.P. Morgan India, Citigroup Global Markets India, Axis Capital, and Motilal Oswal Investment Advisors are the book running lead managers for the issue. The IPO will be conducted under Rule 19(2)(b) of the SCRR and Regulation 31 of SEBI ICDR, ensuring proportionate allocation to investors as per regulatory norms.
