Groww IPO Description – Founded in 2016, Groww is India’s largest and fastest-growing direct-to-customer digital investment platform by active users on NSE as of 30 June 2025. The platform offers a wide range of financial products, including stocks (IPOs, delivery, intraday), derivatives, bonds, mutual funds (including Groww Mutual Fund), margin trading facilities, and personal loans.
The platform serves customers across 98.36% of India’s pin codes, with ~81% of users residing outside the top-6 cities, showcasing deep penetration in Tier-2, Tier-3 towns, and rural regions. Its user base is young and diverse — ~45% of active users are under 30 years, ~21% are between 31-35 years, and 3.3 million are women. Many users are first-time investors, with 43.21% of new transacting users in FY24–25 opening their first demat account on Groww. As of 30 June 2025, 5.70 million users used more than one product, highlighting cross-product adoption.
A majority of Groww’s customer growth has been organic — over 83% of new users in FY25 were acquired without paid marketing. It has a 4.61/5 rating on Google Play and is the highest-ranked investment app on the Apple App Store in India. As of 30 June 2025, the company employed 1,415 personnel.
Promoters of Groww – Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh
Groww IPO Details
| Groww IPO Dates | Coming soon |
| Groww Issue Price | Coming soon |
| Fresh issue | INR 1,060 crore |
| Offer For Sale | 57,41,90,754 shares |
| Total IPO Size | Coming soon |
| Minimum Bid (lot size) | Coming soon |
| Face Value | INR 2 per share |
| Retail Allocation | 10% |
| Listing On | BSE, NSE |
Groww Financial Performance
| FY 2023 | FY 2024 | FY 2025 | Q1 FY 2026 | |
| Revenue | 1,141.53 | 2,609.28 | 3,901.72 | 904.40 |
| Expenses | 757.12 | 2,068.11 | 1,596.49 | 444.67 |
| Net income | 457.72 | (805.45) | 1,824.37 | 378.37 |
| Margin (%) | 40.10 | 30.87 | 46.76 | 41.84 |
Groww Offer News
Groww Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue) | |
| EPS | 0.79 | (1.50) | 3.19 | – |
| PE Ratio | – | – | – | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 13.80 | (31.66) | 37.57 |
| NAV | 6.20 | 4.75 | 8.89 |
| ROCE (%) | – | – | – |
| EBITDA (%) | – | – | – |
| Debt/Equity | – | – | – |
Groww IPO GMP Today (Daily Trend)
Groww Offer Objectives
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Expenditure towards cloud infrastructure – INR 152.50 crore
- Brand building and performance marketing activities – INR 225 crore
- Investment in one of the material subsidiaries, GCS, an NBFC, for augmenting its capital base – INR 205 crore
- Investment in one of the material subsidiaries, GIT, for funding its MTF business – INR 167.50 crore
- General corporate purposes
Groww IPO Subscription – Live Updates
Coming soon
() shares allotted to anchor investors are not included in these calculations.
Groww – Comparison With Listed Peer
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Groww | – | 3.19 | 37.57 | 8.89 | 3,901.72 |
| Angel One | 17.52 | 126.82 | 20.85 | 623.72 | 5,238.38 |
| Motilal Oswal Financial Services | 22.39 | 41.00 | 22.64 | 185.24 | 8,339.05 |
Groww IPO Allotment Status
Groww IPO allotment status will be available on MUFG Intime India’ website. Click on this link to get the allotment status.
Groww IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Groww IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Groww IPO Reviews – Subscribe or Avoid?
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Groww IPO Lead Manager
KOTAK MAHINDRA CAPITAL COMPANY LIMITED
1st Floor, 27 BKC, Plot No. 27G’ Block, Bandra
Kurla Complex, Bandra (East) Mumbai 400 051
Phone: +91 22 4336 0000
Email: [email protected]
Website: www.investmentbank.kotak.com
Groww Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 ParkL.B.S. Marg,
Vikhroli (West) Mumbai 400 083
Phone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
BILLIONBRAINS GARAGE VENTURES LIMITED
Vaishnavi Tech Park, South Tower, 3rd Floor,
Survey No. 16/1 and 17/2 Ambalipura Village,
Varthur Hobli, Bellandur, Bengaluru 560 103
Phone: +91 80 6960 1300
Email: [email protected]
Website: www.groww.in
Groww IPO FAQs
How many shares in the Groww IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in the Groww Public Offer?
The best way to apply for Groww public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is the Groww IPO GMP today?
Groww IPO GMP today is INR NA per share.
What is the Groww kostak rate today?
Groww kostak rate today is INR NA per application.
What is Groww Subject to Sauda rate today?
Groww Subject to Sauda rate today is INR NA per application.
