Finbud Financial Services IPO...
31 Oct, 2025
Groww IPO
The Groww IPO is a book-building issue of ₹6,632.30 crore. The issue is a combination of a fresh issue of 10.60 crore shares and an offer for sale of 55.72 crore shares. The price band is set at ₹95 to ₹100 per share, and the lot size for an application is 150 shares. The minimum investment required by an individual investor is ₹15,000 (150 shares). Groww IPO opens for subscription on November 4, 2025, and closes on November 7, 2025. The IPO will list on BSE and NSE, with a tentative listing date fixed as November 12, 2025.
Company Background
Groww Ltd. was established in 2017 and is a Bangalore-based fintech company with corporate offices in Mumbai. It provides retail investors with a platform to trade in stocks, IPOs, gold, and US stocks. The business model of Groww focuses on growing its customer base and strengthening relationships with its investors. As of July 30, 2025, the company had 1,415 employees. Within nine years, Groww has developed strong market credibility by offering excellent services.
Operations and Product Range
1. Facility and Production
Groww Ltd. is a highly trusted and preferred platform for online investments. It provides services such as Margin Trading Facility (MTF), new fund offerings, and credit solutions. The company’s “production” lies in its technology platform — its website and mobile app — which operate with transparency and efficiency. Groww is also a Google Cloud customer, allowing the platform to scale automatically and securely.
2. Brands and Market Presence
Groww follows a customer-centric approach with the belief that “simple is beautiful.” Through honesty and transparency, it has built customer trust across India. The company’s brand and market presence attract a large base of users through its technology-first strategy. Groww offers a wide range of investment tools with transparent pricing and a fully digital, paperless demat account opening process.
Revenue Channels
- • Brokerage & Transaction Fees: Groww earns brokerage on IPOs, derivatives, and stock trades conducted on its platform.
- • Commissions: Revenue is earned by distributing mutual funds and bonds to investors.
- • Interest Income: Interest is generated on loans provided to customers for margin trading.
- • Platform & Service Income: Groww also generates income from its technology platforms through support and subscription fees.
Management and Shareholding
1. Promoters and Shareholding
Groww was founded by former Flipkart employees who left their jobs to start their own venture. The promoters hold around 26.64%–27.96% of the company’s shares. The upcoming IPO includes a fresh issue worth ₹1,060 crore. The founders’ strong leadership, innovation, and commitment have been pivotal in Groww’s growth journey.
2. Board Members
The board of directors at Groww provides strategic direction, leadership, and oversight for the company’s operations. Using their experience and insight, they guide the company toward innovation and customer trust. The board’s objectives include maintaining a customer-centric approach and enhancing platform privacy and scalability through technology.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Groww IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Groww IPO Details
| Detail | Description |
|---|---|
| IPO Date | November 4, 2025 to November 7, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹95 to ₹100 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 66,32,30,051 shares (aggregating up to ₹6,632.30 Cr) |
| Fresh Issue | 10,60,00,000 shares (aggregating up to ₹1,060.00 Cr) |
| Offer for Sale | 55,72,30,051 shares of ₹2 (aggregating up to ₹5,572.30 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,06,75,96,631 shares |
| Share Holding Post Issue | 6,17,35,96,631 shares |
Groww IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Nov 4, 2025 |
| IPO Close Date | Fri, Nov 7, 2025 |
| Tentative Allotment | Mon, Nov 10, 2025 |
| Initiation of Refunds | Tue, Nov 11, 2025 |
| Credit of Shares to Demat | Tue, Nov 11, 2025 |
| Tentative Listing Date | Wed, Nov 12, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 7, 2025 |
Groww IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 150 | ₹15,000 |
| Individual investors (Retail) (Max) | 13 | 1,950 | ₹1,95,000 |
| S-HNI (Min) | 14 | 2,100 | ₹2,10,000 |
| S-HNI (Max) | 66 | 9,900 | ₹9,90,000 |
| B-HNI (Min) | 67 | 10,050 | ₹10,05,000 |
Groww IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 28% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Well-known and trusted brand in the market of India for investing with Groww.
- • Strong track record of growth and profitability that attracts investors for investing.
- • Excellent customer-centric service that made investors believe in Groww, which increases Groww’s credibility.
- • Experienced professionals in the market, providing services to the customer in their investment and increasing the engagement with customer retention
- Brand build-up in the market with the consistent growth in the market valuation over the years.
Groww IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Jun 2025 | 12,713.18 | 948.47 | 378.37 | 5,995.45 | 324.08 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 10,077.31 | 4,061.65 | 1,824.37 | 4,855.35 | 351.99 | |||||||||||||||||||||||||||||||||||
| 30 Jun 2024 | 10,819.10 | 1,047.58 | 338.01 | 2,886.28 | 117.66 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 8,017.97 | 2,795.99 | -805.45 | 2,542.64 | 24.06 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 4,807.78 | 1,260.96 | 457.72 | 3,316.75 | - | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 37.57% |
| ROCE | 44.92% |
| Debt/Equity | 59.11% |
| Price to Book Value | 11.76 |
| Market Capitalization | 61735.97 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.01 | 2.45 |
| P/E (x) | 33.26 | 40.79 |
Objectives of Groww IPO
- • Expenditure on infrastructure, brand building, and performance marketing activities.
- • Investment in material subsidiaries and MTF business.
- • Funding generation for inorganic growth.
- • General corporate purposes.
Conclusion
The Groww IPO offers an opportunity to invest in a fast-growing fintech company with a proven record of innovation, customer trust, and profitability. The IPO proceeds will be used for business expansion, marketing, and strengthening its subsidiaries. Groww continues to empower Indian investors through transparency, technology, and customer-first values, positioning itself as a leader in the investment platform space.
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Frequently asked Questions (FAQs )
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What are the Groww IPO dates and price band?
The IPO will open on Nov 4, 2025, and close on Nov 7, 2025.
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Where will the Groww IPO be listed?
Groww IPO will be listed on the BSE, NSE platforms, with the tentative listing date fixed as November 12, 2025.
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What exactly does Groww do?
Groww is a Bengaluru-based firm that provides a platform to invest.
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How much is the Groww IPO size and Issue type?
The IPO issue size of Groww is INR6,632.30 Cr and the issue type of shares is Bookbuilding IPO
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What is the lot size of the Groww IPO?
The lot size of the Groww IPO is 150, where the minimum amount required by an investor is INR 15,000.
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How will the IPO proceeds be used?
IPO proceeds will be used for investment in the material subsidiaries, brand building and marketing activities of the company.
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