Groww IPO – Key Details and Investment Highlights
Groww IPO will open for subscription on November 4, 2025, and close on November 7, 2025. It is a Book Built Issue, through which the company aims to raise approximately ₹6,632.30 crores. This includes a fresh issue of ₹1,060 crores and an offer for sale (OFS) of up to 55,72,30,051 equity shares with a face value of ₹2 each.
The Groww IPO price band has been set at ₹95 to ₹100 per share. The issue allocation comprises 75% for QIBs, 15% for Non-Institutional Investors (HNIs), and 10% for Retail Investors. The Groww IPO allotment date is expected on November 10, 2025, with the listing scheduled on BSE and NSE on November 12, 2025.
In terms of financial performance, Groww reported a revenue of ₹4,061.65 crores in FY2025, up from ₹2,795.99 crores in FY2024. The company also recorded a net profit of ₹1,824.37 crores in FY2025, compared to a loss of ₹805.45 crores in FY2024, showcasing a remarkable turnaround in profitability.
With strong financial growth, robust business fundamentals, and increasing market share in the fintech sector, the Groww IPO presents a promising long-term investment opportunity for investors.
Groww IPO Objectives:
The net proceeds from the IPO will be utilized for the following purposes:
| Purpose | Amount (₹ in Crores) |
|---|---|
| Expenditure towards cloud infrastructure | 152.50 |
| Brand building and performance marketing activities | 225.00 |
| Investment in one of the material subsidiaries, GCS (an NBFC), for augmenting its capital base | 205.00 |
| Investment in one of the material subsidiaries, GIT, for funding its Margin Trading Facility (MTF) business | 167.50 |
| Funding inorganic growth through potential acquisitions and for general corporate purposes |
Groww IPO Review (Apply or Not)
- Update Soon
Groww IPO Date & Price Band Details:
| IPO Open Date | November 4, 2025 |
| IPO Close Date | November 7, 2025 |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹95 to ₹100 Per Share |
| Issue Size | Approx ₹6,632.30 Crores |
| Fresh Issue | Approx ₹1,060 Crores |
| Offer for Sale: | Approx 55,72,30,051 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | Link |
| RHP Draft Prospectus | Link |
Groww IPO Lot Size:
The Groww IPO minimum market lot size is 150 shares, requiring a minimum application amount of ₹15,000. Retail investors can apply for up to 13 lots, comprising a total of 1,950 shares, with a maximum investment amount of ₹1,95,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 150 | ₹15,000 |
| Retail Maximum | 13 | 1,950 | ₹1,95,000 |
| S-HNI Minimum | 14 | 2,100 | ₹2,10,000 |
| S-HNI Maximum | 66 | 9,900 | ₹9,90,000 |
| B-HNI Minimum | 67 | 10,050 | ₹10,05,000 |
Groww IPO Allotment & Listing Date (Details)
The Groww IPO will open for subscription on November 4, 2025, and close on November 7, 2025. The IPO allotment is expected to be finalized on November 10, 2025, and the listing will take place on the BSE and NSE on November 12, 2025.
| IPO Open Date: | November 4, 2025 |
| IPO Close Date: | November 7, 2025 |
| Basis of Allotment: | November 10, 2025 |
| Refunds: | November 11, 2025 |
| Credit to Demat Account: | November 11, 2025 |
| IPO Listing Date: | November 12, 2025 |
| IPO Bidding Cut-off Time: | November 7, 2025 – 5 PM |
Groww IPO GMP Today:
The Groww IPO GMP (Grey Market Premium) is ₹13. Considering the IPO price band of ₹100 per share, the estimated listing price is ₹113 (cap price + today’s GMP). This indicates an expected listing gain of approximately 13.00% per share.
Promoters of Groww IPO
The promoters of Groww are Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, who together have played a pivotal role in building the company into one of India’s leading online investment platforms.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 6,06,75,96,631 | 28% |
| Promoter Holding Post Issue | 6,17,35,96,631 | 27.51% |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Angel One Limited | 130.05 | 17.52 | 20.85% | 623.72 | 5238.38 Cr. |
| Motilal Oswal Financial Services Limited | 41.83 | 22.39 | 22.64% | 185.24 | 8339.05 Cr. |
| 360 One WAM Limited | 27.14 | 40.98 | 14.37% | 188.89 | 3295.09 Cr. |
| Nuvama Wealth Management Limited | 276.66 | 23.99 | 28.22% | 979.11 | 4158.27 Cr. |
| Prudent Corporate Advisory Services Limited | 47.25 | 59.40 | 29.30% | 161.25 | 1103.56 Cr. |
Groww IPO– Company Financial Performance
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹1,260.96 | ₹757.12 | ₹457.72 | ₹4,807.78 |
| 2024 | ₹2,795.99 | ₹2068.11 | ₹805.45 | ₹8,017.97 |
| 2025 | ₹4,061.65 | ₹1596.49 | ₹1,824.37 | ₹10,077.31 |
| June 2025 | ₹948.47 | ₹444.67 | ₹378.37 | ₹12,713.18 |
Groww IPO – FY2025
Check Groww IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 37.57% |
| ROCE: | -% |
| EBITDA Margin: | 59.11% |
| PAT Margin: | 44.92% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹3.34 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 37.57% |
| Net Asset Value (NAV): | ₹8.89 |
Groww IPO Registrar
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: groww.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Groww IPO Lead Managers aka Merchant Bankers
- Kotak Mahindra Capital Co.Ltd.
- JP Morgan India Pvt.Ltd.
- Citigroup Global Markets India Pvt.Ltd.
- Axis Capital Ltd.
- Motilal Oswal Investment Advisors Ltd.
Groww IPO Company Address
Billionbrains Garage Ventures Ltd.
Vaishnavi Tech Park,
South Tower, 3rd Floor
Sarjapur Main Road, Bellandur
Bangalore Urban, Karnataka, 560103
Phone: +91 80 6960 1300
Email: corp.secretarial@groww.in
Website: http://www.groww.in/
Groww IPO FAQs
Q1. What is the Groww IPO?
The Groww IPO is a mainline book-built issue through which the company plans to raise approximately ₹6,632.30 crores. It includes a fresh issue of ₹1,060 crores and an offer for sale (OFS) of up to 55,72,30,051 equity shares.
Q2. When will the Groww IPO open and close?
The Groww IPO will open for subscription on November 4, 2025, and close on November 7, 2025.
Q3. What is the Groww IPO price band?
The price band for the Groww IPO is fixed between ₹95 to ₹100 per share.
Q4. What is the minimum and maximum lot size for the Groww IPO?
The minimum lot size is 150 shares (₹15,000), and the maximum for retail investors is 13 lots (1,950 shares worth ₹1,95,000).
Q5. When will the Groww IPO allotment take place?
The IPO allotment is expected to be finalized on November 10, 2025.
Q6. When is the Groww IPO listing date?
The Groww IPO will be listed on the BSE and NSE on November 12, 2025.
Q7. What is the Groww IPO GMP today?
As of October 30, 2025, the Groww IPO GMP is ₹13, indicating an estimated listing price of around ₹113 per share, or a potential gain of 13%.
Q8. Who are the promoters of Groww?
The promoters of the company are Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh.
Q9. What are the objectives of the Groww IPO?
The IPO proceeds will be used for cloud infrastructure upgrades, brand building and marketing, investment in subsidiaries (GCS and GIT), and general corporate purposes, including potential acquisitions.
Q10. Should you apply for the Groww IPO?
Based on strong financial growth, increasing profitability, and robust market presence in India’s fintech sector, Groww IPO appears to be a promising long-term investment opportunity.
