Bengaluru-based fintech firm Groww is set to launch its Initial Public Offering (IPO) in early November 2025, aiming to raise ₹7,000 crore (approximately $850 million) and achieve a valuation of up to $8 billion.
The offering includes a fresh issue of ₹1,060 crore and an offer for sale (OFS) of up to 574.2 million shares by existing investors and promoters.
Notable backers such as Microsoft CEO Satya Nadella, Peak XV Partners, Y Combinator, Ribbit Capital, and Tiger Global are among those reducing their stakes.
Company Overview
Founded in 2016, Groww has rapidly emerged as India’s largest retail brokerage platform by active clients, surpassing Zerodha. As of April 2025, the company boasts over 13 million active clients and holds a 26.27% market share among retail investors on the National Stock Exchange.
The firm offers a range of investment products, including stocks, mutual funds, ETFs, digital gold, and US equities, through its digital-only platform.
Financial Performance
In fiscal year 2025, Groww reported a significant financial performance, with a net profit of ₹1,819 crore, more than tripling from the previous year.
Revenue also saw a 31% increase, reaching ₹4,056 crore. These results underscore the company’s strong market position and growth trajectory in the wealth management sector.
Strategic Acquisition
Ahead of its IPO, Groww completed the acquisition of Bengaluru-based wealth management company Fisdom, following regulatory approval from the Securities and Exchange Board of India (SEBI).
This strategic move marks Groww’s official entry into the wealth management sector, expanding its footprint beyond its existing investment services.
The acquisition aligns with Groww’s broader objectives as it prepares for an IPO, signaling the company’s continued growth and diversification within the financial technology space.
Market Position and Outlook
The upcoming IPO is poised to be one of India’s largest fintech listings, positioning Groww as a key player in the country’s digital financial services industry. Market participants and investors will be closely watching the offering as it unfolds in the coming weeks.
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