Latham & Watkins Advises on Groww’s IPO

Latham & Watkins has advised the book running lead managers on Billionbrains Garage Ventures Ltd (Groww)’s approximately US$748 million initial public offering (IPO) on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE).

The IPO, which has been heavily oversubscribed, is one of the largest listings in India to date this year. Latham also recently advised on the US$1.75 billion IPO of Tata Capital, the largest IPO in India to date this year, and the US$1.3 billion IPO of LG Electronics, the third largest IPO in India to date this year.

Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, and Motilal Oswal Investment Advisors Limited were the book running lead managers on the transaction.

The Latham team was led by Singapore partner Rajiv Gupta and Hong Kong partner Dominik Sklenar, with Singapore associate Esha Goel and foreign legal consultant Jose Mendoza. Advice was also provided on US tax matters by Chicago partner Rene de Vera and New York partner Aaron Bernstein, with New York associate Nicholas Sun; and on regulatory matters by Chicago partner Laura Ferrell, with Washington, D.C. associate Tim Cummings.

About Groww

Groww is a leading direct-to-consumer digital investment platform. Founded in 2016, it started as a mutual fund distribution platform and quickly expanded into equities, IPOs, ETFs, digital gold, and derivatives. Groww is India’s largest and fastest-growing investment platform by active users on NSE as of June 30, 2025.

About Latham’s India Practice

With over 20 years of experience advising on Indian debt and equity capital markets transactions, Latham has one of the largest and most active India practices among international law firms. The multi award-winning practice comprises more than 50 lawyers globally, and the team has advised on India-related matters with a combined value in excess of US$100 billion since 2018.