Groww IPO : Apply or Avoid ? Price Band, Dates, GMP, Review & Details Everything You Need to Know Before Investing !
The
much-awaited Groww IPO is
finally here, creating a major buzz in India’s stock market. After years of
rapid growth and dominance in the online investing space, Groww is all set to
debut on the Indian exchanges. This IPO is expected to be one of the most
talked-about listings of 2025, backed by strong brand presence, a massive user
base, and the growing popularity of retail investing in India.
Let’s
dive deep into the Groww IPO details,
including issue size, price band, financials, objectives, strengths, and risks
— everything an investor should know before applying.
Company Overview
Groww is
one of India’s fastest-growing online investment platforms operated by Nextbillion Technology Pvt. Ltd.
Founded in 2016 by ex-Flipkart
employees — Lalit Keshre, Harsh Jain,
Neeraj Singh, and Ishan Bansal — Groww started with a simple vision: to
make investing simple, transparent, and accessible to every Indian.
The
company began as a mutual fund
investment platform, but quickly expanded into multiple financial
products including:
- Direct
Mutual Funds
(commission-free)
- Stocks
and Derivatives (F&O)
- Exchange-Traded
Funds (ETFs)
- Initial
Public Offerings (IPOs)
- Digital
Gold
- U.S.
Stocks
Today,
Groww has transformed into a comprehensive
investment ecosystem catering to both beginners and experienced
investors. The platform’s easy-to-use interface, minimal design, and tech-first
approach have helped it capture a massive chunk of India’s retail investor
base.
As of June 30, 2025, Groww boasts:
- Over 8 crore registered users,
- More than 40 lakh active investors, and
- A workforce of over 1,400 employees.
Backed by
marquee global investors like Tiger
Global, Sequoia Capital, Ribbit Capital, and Iconiq Growth, Groww has
raised multiple funding rounds, achieving unicorn status in 2021.
With
India’s retail investing ecosystem growing at record pace, Groww aims to
position itself as a “super app” for
investing and personal finance, bridging the gap between savings and
wealth creation.
Groww IPO Details
|
Particulars
|
Details
|
|
IPO Opening Date
|
November 4, 2025
|
|
IPO Closing Date
|
November 7, 2025
|
|
Listing Date
|
November 12, 2025
|
|
Price Band
|
Rs.95 – Rs.100 per share
|
|
Face Value
|
Rs.2 per share
|
|
Lot Size
|
150 shares
|
|
Minimum Investment (Retail)
|
Rs.15,000
|
|
Total Issue Size
|
Rs.6,632.30 crore
|
|
Fresh Issue
|
Rs.1,060 crore
|
|
Offer for Sale (OFS)
|
Rs.5,572.30 crore
|
|
Listing Exchanges
|
NSE and BSE
|
|
Registrar
|
Link Intime India Pvt Ltd
|
Apply in Groww IPO : Click Here
IPO Reservation Structure
|
Category
|
Allocation
|
|
Qualified Institutional Buyers
(QIBs)
|
75% of the net offer
|
|
Non-Institutional Investors
(NIIs)
|
15% of the net offer
|
|
Retail Investors
|
10% of the net offer
|
The high
QIB allocation indicates that institutional investors are expected to play a significant
role in driving demand for this IPO.
Objectives of the Issue
Groww
plans to utilize the proceeds from its IPO for multiple strategic purposes
aimed at long-term growth and scalability.
- Enhancing Cloud
Infrastructure – Rs.152.50
crore will be allocated to strengthen and expand its cloud and tech
capabilities, ensuring scalability and reliability for its growing user
base.
- Brand Building &
Marketing –
Around Rs.225 crore will be used for performance marketing and brand
expansion to capture a wider audience.
- Investment in Subsidiaries –
- Rs.205 crore will go
towards investing in a material subsidiary (NBFC arm) to augment its
capital base.
- Rs.167.50 crore will be
used for its margin trading business to strengthen liquidity and
operational capability.
- Inorganic Growth and General
Corporate Purposes – The remaining funds will be deployed
towards acquisitions, partnerships, and overall corporate needs.
Financial Performance
Groww has
showcased impressive growth in recent years, driven by rising retail
participation and a surge in digital investing trends.
|
Financial Highlights
|
FY2023
|
FY2024
|
Q1 FY2025*
|
|
Total Income (Rs. crore)
|
2,796.00
|
4,061.65
|
948.47
|
|
Profit After Tax (Rs. crore)
|
88.50
|
378.37
|
108.12
|
|
Net Worth (Rs. crore)
|
707.12
|
1,041.77
|
–
|
|
EPS (Rs.)
|
3.19
|
3.34
|
–
|
|
P/E Ratio
|
37.57x
|
–
|
–
|
|
NAV (Rs.)
|
8.89
|
–
|
–
|
*Quarter
ended June 30, 2025
The
company’s revenue grew nearly 45% YoY,
while PAT surged over 300% YoY
in FY24, indicating rapid scale-up and improving profitability. However, the
valuation remains on the higher side compared to peers.
Peer Comparison
|
Company
|
Face Value (Rs.)
|
EPS (Rs.)
|
P/E Ratio
|
NAV (Rs.)
|
|
Groww
|
2
|
3.34
|
37.57x
|
8.89
|
|
Angel One Ltd
|
10
|
100.45
|
20.85x
|
454.37
|
|
Motilal Oswal Fin. Services
|
1
|
69.24
|
22.64x
|
314.18
|
|
Geojit Financial Services
|
1
|
9.87
|
15.16x
|
69.37
|
Groww
commands a premium valuation, reflecting strong brand recall and rapid user
growth, but also implying higher expectations from investors.
Key Strengths
- Strong Brand and User Base
Groww is among the most recognized fintech platforms in India with a large
and rapidly growing investor community.
- Diversified Product
Portfolio
From mutual funds to U.S. equities and derivatives, Groww provides
multiple investment options under one roof.
- Technology-First Approach
The platform’s intuitive interface and robust backend infrastructure make
investing accessible to millions.
- Favorable Market Trends
India’s retail participation in equity markets is still expanding, and
Groww is well-positioned to capture this long-term opportunity.
- Efficient Cost Structure
Digital operations and automation help maintain lean operations, improving
operating margins over time.
Risks and Concerns
While the
growth story is strong, investors should also be aware of potential challenges.
- High Valuation Risk – The IPO is priced at a
premium, leaving limited margin for error if growth slows.
- Regulatory Risk – As a fintech operating in
brokerage and credit segments, regulatory tightening could impact
operations.
- Competition Pressure – Intense competition from
players like Zerodha, Angel One, Upstox, and traditional brokers could
affect market share.
- Dependence on Market
Sentiment –
Revenues from trading and investing activities are linked to overall
market participation.
- Large Offer for Sale (OFS) – The majority of the issue
is secondary (OFS), meaning a significant portion of proceeds will go to
existing shareholders rather than new growth.
Growth Outlook
The
fintech industry in India continues to expand rapidly, with over 15 crore demat
accounts and increasing adoption of mobile investing platforms. Groww, being
one of the leaders in this space, is well-positioned to capitalize on:
- Rising retail investor
participation
- Growing mutual fund SIP
culture
- Expanding product suite
(margin trading, loans, U.S. stocks)
- Digital adoption across
Tier-2 and Tier-3 cities
With its
strong brand equity, technology-driven operations, and focus on innovation,
Groww aims to sustain high growth momentum in the coming years.
Important Dates
|
Event
|
Date
|
|
IPO Open Date
|
November 4, 2025
|
|
IPO Close Date
|
November 7, 2025
|
|
Allotment Date
|
November 8, 2025
|
|
Refund Initiation
|
November 11, 2025
|
|
Credit of Shares to Demat
|
November 11, 2025
|
|
Listing Date
|
November 12, 2025
|
Conclusion
The Groww IPO marks a major milestone in
India’s fintech evolution. From a small mutual fund platform to a multi-product
investment giant, Groww’s journey highlights how technology and simplicity can
reshape financial inclusion in India.
With a
strong brand, diversified offerings, and impressive growth trajectory, Groww is
undoubtedly one of the most awaited IPOs of 2025. While the valuation appears
rich, the company’s long-term growth potential and leadership position in
India’s retail investing ecosystem make it a pivotal listing to watch.
Apply in Groww IPO : Click Here