Groww IPO Update – SEBI Approval Received
One of India’s leading fintech companies, Groww, has received clearance from the Securities and Exchange Board of India (SEBI) to launch its much-anticipated IPO, which could raise up to $1 billion.
This IPO is seen as a milestone for India’s fintech sector, reflecting the growing confidence in digital financial services and retail investing platforms.
Groww IPO Details (As Per Sources)
- Valuation Estimate: $7–8 billion
- Potential Offer Size: $700 million – $920 million (if 10–15% equity is sold)
- SEBI Filing: Secretly filed on May 26, 2025
- Face Value of Shares: ₹2 each
- Stock Exchange Listing: Likely on both BSE and NSE
- Draft Red Herring Prospectus (DRHP): Updated version to be made public in the coming weeks
- IPO Structure: Detailed breakdown of fresh issue and offer for sale (OFS) yet to be announced
Earlier, on May 15, 2025, reports suggested that Groww was preparing to file with SEBI while also exploring pre-IPO funding discussions with investors.
About Groww
Founded in 2016, Groww is a Bengaluru-based online fintech platform that has become a market leader in retail investing. It enables users to invest in mutual funds, SIPs, and stock trading through its easy-to-use app.
Founders: Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal (all former Flipkart employees).
Market Position (as of August 2025):
- 12.3 million active users
- 26% market share on the NSE in retail participation
- Competes with Zerodha and Upstox
- Backed by global investors including Tiger Global, Peak XV Partners, and Ribbit Capital
Groww Financial Highlights (₹ in Crores)
- Revenue grew at a CAGR of ~57% over 3 years.
- Profit tripled in FY2025 compared to FY2024, showcasing improved scale and operational efficiency.
- Strong cash flow position supported by growing investor participation.
Significance of the IPO
- Marks one of the largest fintech IPOs in India to date.
- Strengthens India’s standing as a global hub for digital financial services.
- Provides liquidity to early investors while allowing retail investors to own a stake in one of India’s top fintech brands.
- Could set a benchmark for upcoming fintech IPOs in the country.
