Groww IPO open date is November 4, 2025 and the IPO will close on November 7, 2025. Groww IPO is a Book Built Issue. The company to raise around ₹6,632.30 crores via IPO that comprises fresh issue of ₹1,060 crores and offer for sale up to 55,72,30,051 equity shares with face value of ₹2 each.
Groww IPO price band is ₹95 to ₹100 per share. The retail quota is 10%, QIB is 75%, and HNI is 15%. Groww IPO to list on BSE, NSE on November 12, 2025. The allotment of Groww IPO date is November 10, 2025.
The company reported revenue of ₹4,061.65 crores in 2025 against ₹2,795.99 crores in 2024. The company reported profit of ₹1,824.37 crores in 2025 against loss of ₹805.45 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.
Groww IPO 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 | . |
| RHP Draft Prospectus | . |
Groww IPO Market Lot
The Groww IPO minimum market lot is 150 shares with ₹15,000 application amount. The retail investors can apply up-to 13 lots with 1,950 shares of ₹1,95,000 amount.
| 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 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
Groww IPO Anchor Investors
| Anchor Bidding Date | November 3, 2025 |
| Anchor Investors List | . |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | December 10, 2025 |
| lock-in period end date 50% shares (90 Days) | February 8, 2026 |
Groww IPO Dates
The Groww IPO date is November 4 and the close date is November 7. The Groww IPO allotment will be finalized on November 10 and the IPO listing on November 12.
| 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 |
Promoters and Holding Pattern
The promoters of the company are Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 6,06,75,96,631 | 28% |
| Promoter Holding Post Issue | 6,17,35,96,631 | 27.51% |
Objects of the Issue & Utilisation of proceeds
| Purpose | 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 MTF business | 167.50 |
| Funding inorganic growth through unidentified acquisitions and general corporate purposes |
Groww IPO Company Financial Report
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 Valuation – 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 |
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. |
About Groww IPO
Groww is one of the leading direct-to-customer digital investment platforms that offers a wide range of financial products and services to help customers grow their financial wealth. Groww allows its customers to trade and invest in stocks (through IPOs), F&O, ETFs, digital gold, US stock derivatives, bonds, mutual funds (including Groww Mutual Fund), and other products.
Through the Groww app and website, customers can easily access tools, information, and market insights to plan their investment strategies. Its app is particularly popular among IPO and mutual fund investors. Investing wasn't easy until Groww created a simple, user-friendly design and utilized technology that makes investing easy and seamless. By June 30, 2025, the company will serve people across India, covering 98.36% of pin codes. The company aims to build long-term relationships with customers and meet their changing needs by providing them with a seamless investment experience. As of June 30, 2025, Groww has a total of 1415 employees.
Incorporated in 2017, Groww is a Bengaluru-based fintech company that provides retail investors direct-to-customer digital investment platform that provides wealth creation opportunities to customers through multiple financial products and services.
The company offers platform to invest in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and U.S. stocks. Its mobile app is particularly popular among mutual fund investors.
Groww also offers value-added services such as Margin Trading Facility (MTF), algorithmic trading, New Fund Offers (NFOs), and credit solutions.
Business Model
- Growing its customer base and
- Expanding its relationship with customers
Products & Services:
- Broking services which includes Stocks and Derivatives
- Products which includes Mutual Funds, MTF, Credit and Groww AMC
As of June 30, 2025, the company had 1415 employees.
Competitive Strengths:
- “Groww” is a well-known and preferred brand for investing across cities, towns and villages in India.
- High customer retention, engagement and price in-elasticity.
- Customer-friendly design for enhancing investing experience.
- In-house technology stack to deliver a differentiated experience at low cost.
- Entrepreneurial and ownership-driven culture
- Strong execution delivering growth and profitability