Shardul Amarchand Mangaldas & Co. Advised Groww on its ₹6,632 Crore Initial Public Offering
The leading law firm in India, 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 30 June 2025. The issue witnessed robust demand, with an overall subscription of over 17 times, including over 22 times by QIBs.
The SAM Capital Markets Team advising on the IPO was led by Prashant Gupta (Partner & National Practice Head – Capital Markets) and Ruth Chenchiah (Partner), supported by Harini Jambunathan (Senior Associate), Sridutt Mishra (Senior Associate), Mathangi K. (Associate), and Thejaswi Melarkode (Associate).
The SAM Securities Regulatory Team advising on regulatory aspects was led by Manjari Tyagi (Partner), with support from Deepika Goyal (Principal Associate), Aditi Gupta (Principal Associate), and Kashvi Vachhani (Associate).
The Financial Regulatory and Fintech Team advising on the IPO was led by Shilpa Mankar Ahluwalia (Partner & Co-Head – Banking and Finance), supported by Shweta Singh (Senior Associate), Ansh Jain (Associate), and Dhwanit Rathor (Associate).
The Corporate / M&A Team advising on corporate aspects was led by Raghubir Menon (Regional Practice Head – M&A and Private Equity), supported by Gaurang Mandavkar (Associate).
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