About Groww
Groww is India’s fastest-growing fintech stock broking and investment platform, founded in 2016 by ex-Flipkart employees Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh. The platform simplifies financial product access, allowing users to invest in stocks, ETFs, mutual funds, FDs, and IPOs through a user-friendly app and web interface. By August 2025, Groww reported over 13 million active users - commanding more than 26% market share of active NSE clients, making it the undisputed leader in India’s broking sector.
Business Model and Growth
Groww earns revenue though brokerage fees, transaction-based charges, and distribution of investment products. It uses technology, transparency, and intuitive design to attract first-time investors from Tier II and III cities. Its focus on educational content, competitive fees, and advanced tools has helped Groww rapidly scale, overtaking peers like Zerodha and Upstox.
For the fiscal year ended March 2025, Groww’s revenue jumped 150% to Rs 4,056 crore, while maintaining strong profitability and operational efficiency.
Groww IPO Details
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SEBI Nod & Filing: Groww received SEBI approval in August 2025, after confidentially filing its DRHP in May.
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Estimated IPO Size: The IPO is expected to raise between Rs 6,000 - 8,300 crore ($700 - $1 billion approx.) with both fresh issue and offer-for-sale components.
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Expected Valuation: $7–8 billion (Rs 59,000 - Rs 67,500 crore), making it one of India’s biggest fintech listings.
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IPO Dates: Tentatively set for the end of 2025; exact open/close dates will be announced soon.
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Price Band & Lot Size: To be declared. Early market talk places the retail minimum application amount around Rs 14,600 per lot.
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Listing: Shares will list on BSE and NSE mainboards.
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Reservation: 75% for QIBs, 15% for NIIs, and 10% for retail investors.
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Lead Managers & Registrar: JPMorgan, Kotak Mahindra; Registrar will be one of Link Intime, Bigshare, or Kfin Technologies.
Use of IPO Proceeds
Funds will be used for expanding the broking business, meeting working capital requirements, and marketing to boost client acquisition. Additional capital may also be directed towards developing new products and expanding technology infrastructure.
Key Financial Metrics (FY24–25)
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Active Users: 13.03 million (March 2025)
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Revenue (FY25): Rs 4,056 crore (up 150% YoY)
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Net Profit: Not yet disclosed for FY25, but company reports continued profitability and operational leverage.
What You’ll Find on This Page
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Company financials, DRHP summary, valuation multiples, and peer comparison
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Ongoing IPO subscription status, Grey Market Premium (GMP), and analyst reviews
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Allotment updates, listing information, and application guides
Frequently Asked Questions (FAQs) about Groww IPO
Q1: When will the Groww IPO open?
The IPO is expected in late 2025; specific dates pending regulatory approval and market finalisation.
Q2: What is the estimated IPO size and valuation?
Size expected between Rs 6,000 - 8,300 crore, valuing Groww at $7 - 8 billion.
Q3: Where will Groww shares be listed?
Shares will list on BSE and NSE mainboards.
Q4: How will IPO proceeds be used?
Funds will expand Groww’s broking business, meet working capital, support marketing, and build digital infrastructure.
Q5: How many clients does Groww have?
More than 13 million active stock broking clients as of March 2025 - India’s largest by active accounts.
Q6: How do I check IPO allotment status?
Post close, allotment details will be available on the registrar’s site and stock exchanges.
For all real-time updates on Groww IPO share price, allotment, financials, and analysis, watch this page for the latest and most relevant information as India’s leading fintech arrives in public markets.