Description

IPO Committee finalizes allocation of 298,453,523 equity shares to anchor investors at Rs. 100 per share for Billionbrains Garage Ventures Limited's initial public offering.

Summary

Billionbrains Garage Ventures Limited (formerly Billionbrains Garage Ventures Private Limited) has finalized the allocation of 298,453,523 equity shares to anchor investors at an allocation price of Rs. 100 per equity share (including share premium of Rs. 98 per equity share) for its initial public offering. The IPO Committee meeting was held on November 3, 2025, in consultation with Book Running Lead Managers: 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.

Key Points

  • Total equity shares allocated to anchor investors: 298,453,523 shares
  • Anchor investor allocation price: Rs. 100 per equity share (face value Rs. 2, share premium Rs. 98)
  • Major anchor investors include HDFC Mutual Fund schemes, Government of Singapore, Government Pension Fund Global, Abu Dhabi Investment Authority, Goldman Sachs Funds, SBI Mutual Fund schemes, Axis Mutual Fund schemes, and Aditya Birla Sun Life schemes
  • Largest individual allocations: Kotak Flexicap Fund (5.03%), Nippon India Multi Cap Fund (5.36%), Government Pension Fund Global (5.36%)
  • Book Running Lead Managers: Kotak Mahindra Capital, J.P. Morgan India, Citigroup Global Markets India, Axis Capital, and Motilal Oswal Investment Advisors
  • Company CIN: U72900KA2018PLC109343
  • Company registered office: Vaishnavi Tech Park, Bangalore

Regulatory Changes

No regulatory changes announced in this circular. This is a standard anchor investor allocation disclosure as part of the IPO process.

Compliance Requirements

  • The company has notified BSE Limited and National Stock Exchange of India Limited about the anchor investor allocation as required under IPO regulations
  • Disclosure made in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations
  • Information provided to both stock exchanges as per listing requirements

Important Dates

  • November 3, 2025: IPO Committee meeting held and anchor investor allocation finalized
  • November 3, 2025: Notification to BSE and NSE regarding anchor allocation

Impact Assessment

Market Impact: Medium - The anchor investor allocation represents strong institutional interest in the IPO with participation from prominent domestic mutual funds (HDFC, SBI, Axis, Aditya Birla Sun Life, Kotak, Nippon) and international sovereign wealth funds (Government of Singapore, Abu Dhabi Investment Authority, Government Pension Fund Global). This diverse institutional backing typically signals positive market sentiment.

Investor Impact: The anchor allocation at Rs. 100 per share sets a reference price for the IPO. Strong anchor participation from quality institutional investors often provides confidence to retail and other institutional investors.

Company Impact: Successful anchor book closure is a critical milestone in the IPO process, providing initial capital raise and price discovery before the main issue opens to other investor categories.

Impact Justification

Major anchor investor allocation for IPO of Billionbrains Garage Ventures Limited with significant participation from institutional investors including HDFC MF, Government of Singapore, and Abu Dhabi Investment Authority