# Groww Secures Nearly $750M in IPO Amid Ongoing Surge in Indian Retail Investing
Groww, India's largest digital investment platform, has succ...
Groww, India's largest digital investment platform, has successfully completed its highly anticipated initial public offering, raising approximately $747-754 million and marking a significant milestone for the country's fintech sector.[5][8] The IPO, which opened on November 4 and closed on November 7, 2025, reflects robust investor confidence in India's booming retail investment market and the company's position as a leader in democratizing wealth management for Indian consumers.
The offering comprised a fresh equity raise of ₹1,060 crore...
The offering comprised a fresh equity raise of ₹1,060 crore (approximately $121 million) alongside an offer for sale of 574 million shares by existing shareholders, with the final issue price set at ₹100 per share.[3] The IPO achieved a valuation of approximately $6.9-7.5 billion for the Bengaluru-based startup, positioning it as one of the most significant listings in India during 2025.[1][7]
## Strong Investor Demand and Market Reception
The IPO demonstrated remarkable investor appetite, with the...
The IPO demonstrated remarkable investor appetite, with the offering receiving 17.6 times overall subscription, reflecting strong demand across all investor categories.[2] The company secured robust backing from anchor investors ahead of the public subscription, providing early validation for the offering and demonstrating institutional confidence in Groww's business model and growth trajectory.[5] On the first day of bidding alone, the IPO achieved 57% subscription, driven primarily by strong retail investor interest and an 18% grey market premium.[2]
The shares were allocated on November 10, 2025, and successf...
The shares were allocated on November 10, 2025, and successfully listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 12, 2025.[3] Share credits to investor demat accounts began on November 11, enabling seamless settlement for successful bidders.
## Financial Performance and Operational Strength
Groww's financial metrics underscore the company's operation...
Groww's financial metrics underscore the company's operational excellence and market dominance. In the fiscal year ending March 31, 2025, the company reported total income of ₹40.6 billion (approximately $462 million), representing a robust 45% year-on-year growth.[1] The platform achieved profit after tax of ₹18.2 billion (roughly $208 million), marking a significant turnaround from the previous year's net loss of approximately ₹8 billion, which was primarily attributable to expenses related to the company's Delaware headquarters relocation to India.[1]
The company boasts an impressive user base of 47.9 million a...
The company boasts an impressive user base of 47.9 million active users and has captured 18.50% market share in active Systematic Investment Plans (SIPs) as of June 2025.[2][11] Additionally, Groww's affluent user segment—those with over ₹25 lakh invested—has grown nine times since FY23 and now represents one-third of all assets on the platform, totaling ₹26,000 crore.[6]
## Strategic Use of IPO Proceeds
The funds raised through the IPO will be strategically deplo...
The funds raised through the IPO will be strategically deployed to strengthen Groww's infrastructure and market position. Key allocation areas include ₹152.50 crore for cloud infrastructure expenditure, ₹225 crore for brand building and performance marketing activities, and ₹205 crore for investment in GCS, the company's material subsidiary that operates as a non-banking financial company (NBFC), to augment its capital base.[3]
## Significant Shareholder Exits and Founder Commitment
The IPO served as a major exit opportunity for global ventur...
The IPO served as a major exit opportunity for global venture investors backing the platform. Major shareholders including Y Combinator, Ribbit Capital, and Tiger Global collectively offloaded approximately 236 million shares, representing roughly 5.6% of Groww's total equity base and accounting for about 41% of all shares offered to the public.[1] In contrast, the company's founders—Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal—demonstrated their confidence in the company's future by selling only about 4 million shares, representing just 0.7% of the total offer for sale.[1]
The IPO also unlocked significant employee wealth, with esti...
The IPO also unlocked significant employee wealth, with estimates suggesting the offering would unlock approximately ₹2,500 crore in ESOP value for Groww employees.[2]
## Capitalizing on India's Retail Investment Boom
Groww's successful IPO comes at a pivotal moment for India's...
Groww's successful IPO comes at a pivotal moment for India's financial markets, as retail investing has experienced explosive growth over the past five years. The platform's timing reflects the quadrupling of retail investment activity in India, with the company well-positioned to capture further growth in this expanding market segment.[4]
The company's success also represents a significant mileston...
The company's success also represents a significant milestone for Indian startups, as Groww relocated its corporate headquarters from Delaware back to India—a move that positioned it as the first Indian startup to list domestically following such a relocation.[1] This development carries broader implications for the Indian startup ecosystem and demonstrates the maturation of India's capital markets infrastructure.
Founded in 2016 by former Flipkart employees, Groww has grow...
Founded in 2016 by former Flipkart employees, Groww has grown to become India's largest stockbroking platform by active client count, competing directly with established players like Zerodha while maintaining a strong focus on user experience and operational efficiency.[4] The company's operational DNA inherited from its founders' Flipkart background has proven instrumental in building a scalable, customer-centric platform that resonates with India's growing middle class and affluent investor base.
With the IPO now complete and shares trading on India's prem...
With the IPO now complete and shares trading on India's premier exchanges, Groww is positioned to accelerate its growth trajectory while continuing to simplify and democratize investment opportunities for millions of Indian retail investors seeking to build long-term wealth.
🔄 Updated: 11/12/2025, 12:50:42 PM
Groww, India's largest digital brokerage platform, has launched its highly anticipated $754 million IPO, securing strong anchor investor support ahead of public subscription[2]. The Bengaluru-based fintech giant—backed by Microsoft CEO Satya Nadella, Y Combinator, Ribbit Capital, and Tiger Global—is positioned to become the first Indian startup to list domestically following a relocation from Delaware, signaling a major shift in how global venture funds are exiting Indian investments and validating the country's deepening capital markets[1]. The listing comes as marquee U.S. investors including Y Combinator, Ribbit Capital, and Tiger Global are collectively offloading
🔄 Updated: 11/12/2025, 1:00:57 PM
Groww’s IPO, which raised nearly $750 million, proceeded despite regulatory hurdles from SEBI specifically targeting the futures and options (F&O) segment, which accounts for 62% of Groww’s FY25 broking revenue. The Securities and Exchange Board of India (SEBI) has imposed measures including curbs on expiry days, raised entry requirements, and imposed position limits to regulate the F&O market, impacting Groww’s brokerage revenues by about 18% year-over-year. Groww is adapting by diversifying into margin trading, mutual funds, lending, and wealth management to mitigate these regulatory challenges while advancing its ₹60,000 crore valuation IPO with SEBI’s approval[1][2].
🔄 Updated: 11/12/2025, 1:11:01 PM
Groww's IPO raised approximately $750 million as the fintech platform listed on India's BSE and NSE today, marking a significant milestone for Indian startups relocating from the U.S.[1][4] The company's shares opened at ₹112—a 12% premium over the ₹100 issue price—and closed at ₹128.85, valuing the Bengaluru-based firm at ₹795 billion, signaling strong investor appetite for India's retail investing sector.[4] Major global venture capital firms including Y Combinator, Ribbit Capital, and Tiger Global offloaded approximately 236 million shares (5.6% of
🔄 Updated: 11/12/2025, 1:21:29 PM
Groww’s IPO raised ₹66.3 billion (approximately $748 million) with shares debuting 29% above the issue price, closing at ₹128.85 against an IPO price of ₹100, resulting in a market valuation of about ₹795 billion ($9 billion)[2]. Technically, the strong 12% opening gain and 29% closing premium indicate robust investor confidence and significant upside momentum for the stock in the short term. The ₹6,632 crore IPO was oversubscribed 17.6 times, driven by institutional demand and a ₹2,984 crore anchor book, signaling broad-based market enthusiasm amid India’s retail investing surge[2][4]. Groww plans to deploy the fresh capital primarily to expand its cloud
🔄 Updated: 11/12/2025, 1:31:21 PM
Groww’s IPO raised ₹66.3 billion ($748 million), with shares closing at ₹128.85—29% above the ₹100 issue price—giving the company a market cap of ₹795 billion ($9 billion), according to NSE data. The issue was subscribed 17.6 times, reflecting strong technical demand, while anchor investors secured ₹2,984 crore, signaling institutional confidence in India’s retail investing boom. “The IPO response exceeded all our expectations,” said a Groww spokesperson, highlighting the platform’s 47.9 million active users and 26.28% market share as key drivers of investor sentiment.
🔄 Updated: 11/12/2025, 1:40:58 PM
Groww's IPO successfully raised nearly $750 million, valuing the Indian retail investing platform at around $6.9 billion, marking a significant milestone for Indian fintech on the global stage[3]. The offering attracted strong international interest, with marquee investors like Microsoft CEO Satya Nadella, Y Combinator, Ribbit Capital, and Tiger Global exiting substantial holdings, underscoring confidence in the burgeoning Indian retail investment market[1]. This IPO is being closely watched worldwide as a key indicator of India’s growing influence in global fintech innovation and retail investor participation.
🔄 Updated: 11/12/2025, 1:51:06 PM
Groww’s IPO, raising nearly $750 million (Rs 6,632 crore), sparked enthusiastic public response, with the issue oversubscribed 17.6 times, driven largely by retail investors[2][5]. Investors expressed optimism about Groww’s leadership in India’s booming retail investing sector, with strong grey market premiums (initially 18%) signaling confidence; one analyst noted the IPO as a “strong structural story” reflecting India’s expanding capital markets[3][5]. Early investor excitement was echoed by comments lauding Groww’s user base of nearly 48 million and rapid revenue growth, marking it as a landmark event in fintech investing in India[2][4].
🔄 Updated: 11/12/2025, 2:01:42 PM
**Groww's IPO Surges 29% on Debut, Valuating Fintech Giant at $9 Billion**
India's largest retail brokerage platform Groww raised ₹66.3 billion (approximately $748 million) in its IPO on Wednesday, marking the largest fintech listing in India this year, with shares closing at ₹128.85—a **29% jump from the ₹100 issue price**—and opening 12% higher at ₹112 across both BSE and NSE exchanges.[2] The company's market capitalization reached ₹795 billion ($9 billion) at close, driven by
🔄 Updated: 11/12/2025, 2:11:36 PM
Groww’s nearly $750 million IPO, closing with a 29% share price gain and a market cap near $9 billion, has intensified India's retail investing competitive landscape by cementing its leadership against rivals like Zerodha and AngelOne[2][6]. The company’s strong financials—₹39 billion revenue and ₹18 billion net profit in FY25—paired with aggressive expansion plans in cloud infrastructure, marketing, lending, and margin trading, signal a robust challenge to incumbents in India’s booming fintech brokerage sector[2][6]. Institutional investors, including Ribbit Capital and Tiger Global, sold significant stakes in the offering, reflecting confidence in Groww’s strategic positioning as it capitalizes on a rapidly growing retail investo
🔄 Updated: 11/12/2025, 2:21:14 PM
Groww's IPO, raising nearly $750 million via a Rs 6,632 crore issue, received overwhelmingly positive consumer and public reaction, evidenced by its 17.6 times overall subscription and an 18% grey market premium, reflecting strong retail investor enthusiasm[2][3]. With 47.9 million active users, many retail investors viewed the IPO as a signal of confidence in India's booming retail investing sector, with some early investors set to pocket gains exceeding Rs 4,300 crore, fueling optimism for long-term growth[1][3]. Brokerages highlighted Groww’s robust financials and market leadership, while social media and investor forums buzzed with positive sentiment about the platform's ease of use and expansion potential[2]
🔄 Updated: 11/12/2025, 2:31:09 PM
Groww completed its initial public offering with a market capitalization reaching Rs 6,275 crore ($750 million), marking a significant milestone for the investment platform amid India's growing retail investing boom[1]. The IPO was sized at Rs 6,632.3 crore, positioning the company as a major player in the country's fintech landscape[1]. Early investors including Peak XV and Y Combinator are set to realize substantial gains from the listing, underscoring strong investor confidence in Groww's business model and market positioning[1].
🔄 Updated: 11/12/2025, 2:41:25 PM
Groww’s IPO raised nearly $750 million, marking the largest Indian fintech listing of 2025, with shares closing 29% above the issue price at ₹128.85, granting the company a market cap of approximately $9 billion[2]. Technically, the strong 18-fold subscription and immediate post-listing surge signify robust investor confidence, driven by Groww’s 49% revenue growth to ₹39 billion ($440 million) and net profit of ₹18 billion ($206 million) in FY25[2][6]. The fresh capital is earmarked for cloud infrastructure, marketing, lending, and margin trading expansions, which could enhance platform scalability and foster further retail investment growth in India’s booming market[2].
🔄 Updated: 11/12/2025, 2:51:22 PM
Groww’s landmark IPO raised nearly $748 million (₹66.3 billion), marking the largest fintech listing in India this year and reflecting strong investor confidence amid the country’s retail investing boom. Industry experts highlight the significance of the listing, with Anu Hariharan, co-founder of Avra Capital and an early investor, noting on X: “Here’s Groww, returning capital many times over and returning at least two U.S. funds fully and likely delivering one of the best IRRs of the decade.” The IPO was subscribed nearly 18 times, with anchor investors including Peak XV Partners, Ribbit Capital, Tiger Global, and Sequoia Capital selling significant stakes, underscoring robust institutional demand and
🔄 Updated: 11/12/2025, 3:01:07 PM
Groww has made a significant market debut with its initial public offering valued at Rs 6,632.3 crore, achieving a market capitalization of Rs 6,275 crore ($750 million)[1]. Early investors including Peak XV and Y Combinator are positioned for substantial gains following the listing, marking a major milestone for the investment platform in India's retail investing sector[1].
🔄 Updated: 11/12/2025, 3:11:37 PM
**Groww's $748 Million IPO Marks Largest Indian Fintech Listing of 2025**
India's largest retail brokerage Groww raised ₹66.3 billion (approximately $748 million) in its IPO debut on Wednesday, with shares closing 29% above their ₹100 issue price at ₹128.85, valuing the company at ₹795 billion ($9 billion).[2] The IPO subscription reached 18 times, driven by institutional demand, positioning Groww ahead of competitors like Zerodha in the retail investment space while signaling intensifying competition in India's fintech sector as multiple venture