Groww gets SEBI nob for $700 Mn–$1 Bn IPO, among India’s biggest fintech listings

Groww's Billion-Dollar IPO Gets Sebi's Green Light!

Get ready for a major market event! Billionbrains Garage Ventures, the powerhouse behind the popular investment platform Groww, has just received the coveted approval from the Securities and Exchange Board of India (Sebi) to launch its highly anticipated initial public offering (IPO).

This IPO is poised to raise a staggering USD 700 million to USD 1 billion, potentially valuing Groww at a whopping USD 7 billion!

The IPO will be a mix of fresh equity shares and an offer for sale (OFS), offering investors a unique opportunity to be part of India's investment revolution.

Groww's Ambitious IPO Plans:

• Massive Funding: The IPO aims to secure a substantial investment to fuel Groww's continued growth and expansion.
• Tech Investment: A significant portion of the funds will be dedicated to enhancing Groww's technology infrastructure and developing innovative features for its users.
• Strategic Expansion: Groww plans to leverage the IPO proceeds to expand its reach and services across India’s dynamic market.

A Stellar Team and Impressive Track Record: Backed by prominent investors like Peak XV, Tiger Capital, and Microsoft CEO Satya Nadella, Groww has quickly become a market leader. JP Morgan India Private Ltd, Kotak Mahindra Capital Company Ltd, Citigroup Global Markets Private Ltd, Axis Capital Ltd, and Motilal Oswal Securities Ltd have been appointed to manage this landmark offering.

Groww's Meteoric Rise:

Founded in 2016, Groww has experienced phenomenal growth, solidifying its position as India's largest stock broker. As of August 2025, Groww boasts over 12.3 million active clients and holds over 26% of the market share. The company's financial performance is equally impressive, reporting revenues of Rs 4,056 crore and a profit after tax of Rs 1,818 crore for FY25 (according to ROC filings).

Strategic Investments: Even before the IPO, Groww's potential has attracted significant attention. In May, Singapore's sovereign wealth fund GIC sought CCI approval to acquire a 2.14% stake in Billionbrains Garage Ventures.

Groww's strategic use of the confidential pre-filing route highlights its innovative approach to the IPO process, a trend gaining momentum among Indian companies seeking flexibility.