IPO Details
Bidding Dates
04 Nov 25 - 07 Nov 25
Lot Size
150
Price Range ₹
95 - 100
Exchange Status
NSE,BSE
Total Equity
₹ 0.00 Cr
IPO Doc
IPO Timeline
Listing
--
Offer start
04 Nov 2025
Offer end
07 Nov 2025
Allotment
10 Nov 2025
Refund initiation
11 Nov 2025
Demat transfer
11 Nov 2025
Listing
--
Offer start
04 Nov 2025
Offer end
07 Nov 2025
Allotment
10 Nov 2025
Refund initiation
11 Nov 2025
Demat transfer
11 Nov 2025
About Company
Incorporated in 2017 and headquartered in Bengaluru, Groww is one of India’s leading fintech platforms offering retail investors a seamless, tech-driven way to invest in various financial instruments. Through its mobile app and web platform, Groww allows users to invest in mutual funds, equities, F&O, ETFs, IPOs, U.S. stocks, and digital gold making it a comprehensive wealth creation ecosystem.The company has also ventured into value-added services such as Margin Trading Facility (MTF), algorithmic trading, credit solutions, and New Fund Offers (NFOs). Its focus on customer experience and a simple, intuitive interface has made it particularly popular among India’s young retail investors.Expanding its user base across cities and smaller towns.Deepening engagement with existing users through diversified financial products. Cross-selling high-margin products like derivatives, MTF, and credit offerings.Leveraging technology to maintain low operational costs and enhance scalability.
Year Founded
09-01-2018
Promotor Details
Gaurang Shah
Highlights
- Groww has become a household name for retail investing, especially among first-time investors in Tier 2–3 cities.
- Significant rise in both revenue and profitability, with expanding margins and healthy RoNW, showing operational scalability.
- Fully in-house technology stack enables quick innovation, low-cost operations, and a superior user experience.
- Offers a wide range of investment products — from mutual funds to derivatives — ensuring customer stickiness and cross-selling opportunities.
- Benefiting from India’s growing retail participation in capital markets and increasing preference for digital investing platforms.
Challenges
- Post-IPO P/E (~41x) and P/B (11.76x) are elevated compared to some listed peers, suggesting limited short-term valuation comfort.
- As a financial intermediary, Groww is exposed to SEBI, RBI, and data privacy regulations, which can affect operations and profitability.
- A market downturn or reduced retail trading activity can materially impact revenues.
- Competes with Zerodha, Angel One, Upstox, and traditional brokers, pressuring margins and customer acquisition costs.
- Despite recent profitability, the company’s earlier losses and relatively short operational history pose execution risks.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 48,069.05 | 648.51 | 18,243.73 | 18,243.73 | 8.6777 |
| 2024 | 79,736.83 | 649.23 | 4,577.17 | 4,576.63 | 2.5682 |
| 2025 | 1,00,609.20 | 4,098.20 | -8,054.50 | -8,049.41 | -4.5014 |
