Groww IPO

Groww IPO is a book-built issue worth Rs 6,632.30 crores, comprising a fresh issue of Rs 1,060.00 crores and an Offer for Sale of Rs 5,572.30 crores. The IPO opens on November 4, 2025, and closes on November 7, 2025, with allotment on November 10, 2025, and listing on BSE and NSE on November 12, 2025. The price band is fixed between Rs 95 and Rs 100 per share. Retail investors can subscribe with a minimum lot of 150 shares worth Rs 15,000. The sNII investment amounts to Rs 2,10,000, while bNII investment stands at Rs 10,05,000. Kotak Mahindra Capital Co. Ltd. is the lead manager.

Groww IPO Details

Check out the issue details for Groww IPO as disclosed in SEBI.

Price Band

₹ 95 - 100

Issue Size

6632.3 Cr.

Issue Type

Book Built

Open

2025-11-04

Close

2025-11-07

Groww News

Groww coming with IPO to raise upto Rs 6688 crore31 Oct 2025, 3:37PM

Company Financials

You can get the following financial statements of Groww as of now.

Company Name

Groww

Exchange

NSE: GROWW

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Groww IPO Details

The details about the Groww IPO are as follows:

  • The issue size of the IPO is Rs 6,632.30 Cr.
  • The price band for Groww IPO is Rs 95 to Rs 100.
  • The shares of Groww IPO will list on BSE and NSE.
  • The latest tentative GMP of Groww IPO is Rs 11.
  • The shares of Groww IPO are subscribed _ Times.

 

Groww IPO Valuation

The approximate valuation of Groww IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 100
Existing Shares (Qty) 606.75 Cr
Fresh Issue Rs 1,060 Cr
Market Cap Rs 61735 Cr
EPS (FY25) Rs 3.34
PE Ratio 29.94x
Industry PE 40.77x

 

Groww IPO Issue Size

Groww IPO issue size is Rs 6,632.30 Cr.

Issue Amount
Fresh Issue Rs 1,060.00 Cr
Offer For Sale Rs 5,572.30 Cr

 

Groww IPO Market Lot

An individual can apply for a minimum of 1 lot of 150 shares and a maximum of 13 lots (1,950 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 150 Rs 15,000
Retail Maximum 13 1,950 Rs 1,95,000

 

Groww IPO Share Offer

The shares of Groww IPO are subscribed _ Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not less than 75%
Non-Institutional Not more than 15%
Retail Individual Not more than 10%

 

Groww IPO GMP (Grey Market Premium)

As on GMP (Tentative)
30 October 2025 Rs 11

Groww IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Groww IPO Dates

Find below the dates for Groww IPO

Schedule Date
Basis of Allotment 10 Nov 2025
Refunds 11 Nov 2025
Credit to Demat Account 11 Nov 2025
IPO Listing Date 12 Nov 2025

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025
Net Sales 905.62 1939.44 2742.51
Total Expenditure 580.03 1702.52 900.08
Operating Profit 325.59 236.92 1842.43
Other Income 115.26 176.15 167.67
Interest 1.94 2.68 2.13
Depreciation 11.77 18.06 21.24
Exceptional Items 0 -1339.68 0
Profit Before Tax 427.14 -947.35 1986.73
Provision for Tax 21.62 94.66 495.17
Net Profit 405.52 -1042.01 1491.56
Adjusted EPS (Rs.) 0.23 -0.58 0.71

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 64.85 64.92 409.82
Total Reserves 2980.24 1971.2 3605.69
Borrowings 0 0 0
Other N/C liabilities 22.21 82.63 11.1
Current liabilities 137.22 2200.54 214.82
Total Liabilities 3204.52 4319.29 4241.43
Assets
Net Block 41 28.99 30.51
Capital WIP 0 0 0
Intangible WIP 0 0 0
Investments 1018.4 1744.49 2073.65
Loans & Advances 5.43 382.9 218.84
Other N/C Assets 105.34 0 0
Current Assets 2034.35 2162.91 1918.44
Total Assets 3204.52 4319.29 4241.43
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2024 Mar 2025
Profit from operations -947.35 1986.73
Adjustment 1200.81 -114.66
Changes in Assets & Liabilities 429.36 -147.73
Tax Paid -180.17 -1747.4
Operating Cash Flow 502.65 -23.05
Investing Cash Flow -600.37 -330.35
Financing Cash Flow 12.3 394.56
Net Cash Flow -85.42 41.17

Groww IPO: Date, Price Band, & Company Details

Groww, India's largest and fastest-growing digital investment platform, is launching its highly anticipated Initial Public Offering (IPO) on November 4, 2025. The public issue, which will close on November 7, 2025, aims to raise Rs 6,632.3 crore through a combination of a fresh issue of shares and a significant Offer for Sale (OFS) by its promoters and early investors.?

About Groww (Billionbrains Garage Ventures Ltd.)

Founded in 2016 by ex-Flipkart employees Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, Groww has rapidly become a dominant force in the Indian investment landscape. The company operates a mobile-first, user-friendly platform that allows customers to invest in a wide range of financial products, including stocks, mutual funds, ETFs, and fixed deposits.?

Key Business Highlights

  • Market Leadership: As of June 2025, Groww was India's largest stockbroker by active clients, with over 12.6 million users and a market share of more than 26%.?

  • Strong Growth and Profitability: The company has demonstrated exceptional growth and turned profitable in FY25, reporting a profit of Rs 1,824 crore. It maintains an industry-high contribution margin of 85% and a net profit margin of 44%.?

  • Organic Customer Acquisition: A key strength of Groww is its strong brand recall, which drives high organic customer acquisition. Over 80% of its new customers are acquired organically, significantly reducing marketing expenditure.?

  • High Customer Retention: The platform boasts a high customer retention rate, with a three-year average of 77% for its active user cohorts, indicating strong user engagement.?

Groww IPO Details (2025)

  • IPO Open Date: November 4, 2025?

  • IPO Close Date: November 7, 2025?

  • Listing Date: November 12, 2025 (Tentative)?

  • Price Band: Rs 95 – Rs 100 per share.?

  • Issue Size: Rs 6,632.3 crore.?

  • Fresh Issue: Rs 1,060 crore.?

  • Offer for Sale (OFS): Rs 5,572.3 crore.?

  • Lot Size: 150 Shares.?

  • Minimum Investment (Retail): Rs 15,000 at the upper price band.?

IPO Structure & Utilisation

  • Offer for Sale: The OFS component will see major investors like Peak XV Partners, Ribbit Capital, and YC Holdings offloading their stakes.?

  • Use of Proceeds: The funds raised from the fresh issue will be utilised to fuel the company's growth and expansion plans:?

    • Brand Building and Marketing: Rs 225 crore for marketing and brand promotion activities.

    • Investment in Subsidiaries: Rs 205 crore for its NBFC arm and Rs 167.5 crore for its Margin Trading Facility (MTF) business.

    • Cloud Infrastructure: Rs 152.5 crore for strengthening its cloud infrastructure.

    • Inorganic Growth: The remaining funds will be used for potential acquisitions and general corporate purposes.

  • Reservation: The issue has a reservation of 75% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors.?

Key Dates & Timeline

  • IPO Opening: November 4, 2025?

  • IPO Closing: November 7, 2025?

  • Allotment Finalisation: November 10, 2025?

  • Listing on BSE & NSE: November 12, 2025?

Frequently Asked Questions (FAQs) about Groww IPO

Q1: When is the Groww IPO scheduled to open?
The IPO is open for subscription from November 4 to November 7, 2025.?

Q2: What is the issue size and price band for the Groww IPO?
The total issue size is approximately Rs 6,632.3 crore, and the price band has been set at Rs 95 to Rs 100 per share.?

Q3: Who are the promoters of Groww?
The promoters of the company are its co-founders: Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh.?

Q4: How will the funds raised from the IPO be used?
The proceeds from the fresh issue will be used for brand building, investments in subsidiaries for the NBFC and MTF businesses, and strengthening cloud infrastructure.

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