Groww files RHP to launch ?6,632.30 crore IPO on November 4; Check key details here
Groww, India’s largest and fastest-growing investment platform (by NSE active users and as of June 30, 2025), has filed its red herring prospectus with SEBI on October 29, 2025, to launch its much-awaited IPO on November 4, 2025. The bidding for anchor investors will open on November 3, 2025.?
Groww IPO Details
- Issue Size: According to the RHP, the issue size is pegged at ?6,632.30 crore, comprising a fresh issue of ?1,060.00 crore and an offer-for-sale of ?5,572.30 crore of shares from investor selling shareholders.?
- Price Band: ?95 to ?100 per share
- Subscription Period: The IPO will remain open from November 4, 2025, until November 7, 2025.
? - Allotment & Listing: The basis of allotment will be finalised by November 10, 2025, and the tentative listing on BSE and NSE is scheduled for November 12, 2025.?
- Book-running Lead Managers: Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, Motilal Oswal Investment Advisors Limited
- Registrar: MUFG Intime India Private Limited is the registrar for the issue.?
- Use of Proceeds: The company intends to use the IPO proceeds towards the following objectives?
- Brand building?
- Performance marketing activities
- To fund expenditure towards cloud infrastructure and inorganic growth through unidentified acquisitions
- Invest in material subsidiaries, Groww Creditserv Technology Private Limited and Groww Invest Tech Private Limited, to augment its capital base and fund the margin trading facility (“MTF”) business, respectively.?
- General corporate purposes?
About the Company?
Groww is a leading direct-to-customer (D2C) digital investment platform that allows users to invest in mutual funds, derivatives, IPOs, bonds, and exchange-traded funds (ETFs), as well as trade stocks.?
Founded in 2016 by ex-Flipkart colleagues Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, Groww is India’s largest and fastest-growing investment platform by active users on NSE as of June 30, 2025.?
The chart below exemplifies Groww’s journey from inception to June 2025.?
Groww’s revenue from operations grew at a CAGR of 127.70% from FY2022 to FY2025. For the full fiscal year 2025, revenue stood at ?3,901.72 crore, up from ?2,609.28 crore in FY 2024 and ?1,141.53 crore in FY 2023.?
Further, the company posted a profit before tax of ?2,463.78 crore for FY 2025 against a loss of ?618.48 crore in FY 2024 (due to one-time tax expenses related to the amalgamation of the company) and a profit of ?503.84 crore in FY 2023.?
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