Abhishek Sinha
India’s fastest-growing investment platform Groww is all set to hit the primary market with its much-awaited ₹1,060 crore IPO, opening for subscription on Tuesday, November 4, and closing on Friday, November 7, 2025.
With a strong turnaround in profitability, solid user growth, and backing from marquee global investors, the Groww IPO has already created a buzz in Dalal Street and the grey market.
Here are the 10 key things you must know before applying for the Groww IPO. 👇
🗓️ 1. IPO Dates
- Opens: Tuesday, November 4, 2025
- Closes: Friday, November 7, 2025
- Allotment Date (Tentative): November 10, 2025
- Listing Date (Likely): November 12, 2025
- Exchanges: BSE and NSE
💰 2. IPO Size and Structure
Groww aims to raise ₹1,060 crore through this public issue.
- Fresh Issue: ₹1,060 crore (new shares issued by the company)
- Offer for Sale (OFS): 55.72 crore equity shares by existing investors
Selling shareholders include marquee names like Peak XV Partners, Ribbit Capital, Tiger Global, Y Combinator, and Kauffman Fellows Fund.
💸 3. Price Band and Lot Size
- Price Band: ₹95 – ₹100 per equity share
- Face Value: ₹2 per share
- Lot Size: 150 shares (and multiples thereof)
👉 Minimum investment for retail investors = ₹15,000 (approx.)
🧾 4. Grey Market Premium (GMP)
As of today, Groww IPO GMP is ₹14 per share, signaling an estimated 14% listing gain.
At the upper price band of ₹100, the expected listing price is around ₹114 per share if market sentiment remains steady.
💬 This indicates moderate optimism in the unlisted market, though not overheated demand like some earlier tech IPOs.
🏦 5. Company Overview
Groww is a Bengaluru-based fintech platform offering a one-stop solution for retail investors. Users can invest in:
- Stocks & IPOs
- Mutual Funds (including Groww Mutual Fund)
- Derivatives, Bonds, ETFs, and other instruments
As of June 30, 2025, Groww had 12.6 million active users on NSE — a 26.3% share of the Indian retail investor market, making it India’s largest digital investment platform.
💹 6. Financial Performance
| Fiscal Year | Revenue (₹ Cr) | Net Profit (₹ Cr) | YoY Growth |
|---|---|---|---|
| FY24 | 2,620 | -805 | — |
| FY25 | 3,902 | 1,824 | +49% revenue, turnaround profit |
| Q1 FY26 | 904 | 378 | Continues strong trajectory |
💥 From a loss of ₹805 crore in FY24 to a profit of ₹1,824 crore in FY25 — Groww has shown one of the strongest turnarounds in Indian fintech history.
🧮 7. Use of IPO Proceeds
Funds from the IPO will be utilized for:
- Cloud infrastructure expenses: ₹152.5 crore
- Brand development & performance marketing: ₹225 crore
- Inorganic growth opportunities (M&A): Strategic investments
- Subsidiary investments:
- ₹205 crore into Groww Creditserv Technology Pvt. Ltd. (NBFC)
- ₹167.5 crore into Groww Invest Tech Pvt. Ltd. for margin trading facility (MTF)
🌏 8. Competitors and Valuation
Domestic peers:
- Angel One (P/E 19.8x)
- Motilal Oswal (P/E 24.9x)
- 360 One WAM (P/E 45.2x)
- Nuvama Wealth (P/E 26.9x)
- Prudent Advisory (P/E 58.9x)
Global peers:
- Robinhood (P/E 86.1x)
- Interactive Brokers (P/E 38.8x)
- Nordnet AB (P/E 25.6x)
💬 Groww’s valuation appears rich, but investors are betting on its growth scale and high-margin digital model.
💼 9. IPO Reservation & Lead Managers
- QIB (Qualified Institutional Buyers): 75%
- NII (Non-Institutional Investors): 15%
- Retail Investors: 10%
Lead Managers:
Kotak Mahindra Capital, JP Morgan India, Citigroup Global Markets, Axis Capital, and Motilal Oswal Investment Advisors
Registrar: MUFG Intime India Pvt. Ltd.
🔍 10. Should You Apply? — Expert Take
Positives:
✅ India’s largest retail investment platform
✅ Strong profit turnaround & scalable model
✅ Growing investor base & product diversification
✅ Low customer acquisition cost
Risks:
⚠️ Highly competitive fintech space (Zerodha, Upstox, Angel One)
⚠️ Rich valuation at upper price band
⚠️ Regulatory uncertainty in fintech and brokerage
💬 Analyst Verdict:
“Considering Groww’s dominant position, profitability, and growth potential, long-term investors can consider subscribing. However, short-term investors should note that the issue is fully priced with modest GMP gains.”
🟢 Final Call: Subscribe for Long-Term Gains
📊 Quick Summary
| Parameter | Details |
|---|---|
| IPO Dates | Nov 4–7, 2025 |
| Price Band | ₹95 – ₹100 |
| Issue Size | ₹1,060 crore |
| GMP Today | ₹14 |
| Expected Listing Gain | ~14% |
| Profit (FY25) | ₹1,824 crore |
| Active Users | 12.6 million |
| Verdict | ✅ Subscribe (Long Term) |
Disclaimer: This article is for informational purposes only. Investors should consult certified financial advisors before making investment decisions. The views expressed are based on broker and analyst reports.
