Groww IPO: ₹7,000 Crore Offer Set for November Launch

Mumbai: The fintech world is abuzz as Groww IPO is set to hit the market in early November 2025. Bengaluru-based Groww, backed by Microsoft CEO Satya Nadella, aims for a ₹7,000 crore IPO, targeting a valuation of around $8 billion (~₹70,400 crore). The upcoming IPO is expected to be one of the largest in India’s fintech sector this year, attracting both retail and institutional investors.

The Groww November IPO will consist of a fresh issue of ₹1,060 crore and an offer for sale (OFS) of up to 57.42 crore equity shares by existing investors, including Nadella. This strategic move comes as the stock broking industry faces regulatory pressures, particularly in futures and options (F&O) trades, which have impacted profitability across the sector. Despite these challenges, Groww has positioned itself as a strong contender in the Indian brokerage market.

Key Details of the Groww IPO

• Issue Size: ₹7,000 crore

• Fresh Issue: ₹1,060 crore

• Offer for Sale (OFS): Up to 57.42 crore shares

• Valuation: $8 billion (~₹70,400 crore)

• Book-Running Lead Managers: Kotak Mahindra Capital, JP Morgan India, Citigroup Global Markets India, Axis Capital, Motilal Oswal Investment Advisors

The IPO is expected to finalize its price band by the end of October, and investor participation is projected to be strong given Groww’s growing presence in the retail investment space.

Groww’s Performance and Market Position 

Despite industry headwinds, Groww IPO is backed by solid financials. In the June 2025 quarter, the company reported an operating revenue of ₹904 crore, a 9.6% decline from the previous year, but achieved a profit after tax of ₹378 crore, marking a 12% increase year-on-year.

Groww currently serves 12.6 million active clients on the National Stock Exchange (NSE), accounting for a 26.27% market share among retail investors. The platform, founded in 2016 by ex-Flipkart executives Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, has rapidly grown into one of India’s top brokerage platforms, known for its easy-to-use interface, low fees, and strong customer engagement.

 Why Investors Are Eyeing Groww Unlisted Shares

Interest in Groww unlisted shares has surged in recent months, as investors look to participate in the pre-IPO market. The fintech sector has seen strong retail adoption, and Groww’s growth story has created significant buzz. Analysts predict that the Groww IPO will not only be a landmark event in fintech but could also set benchmarks for other startups considering public listings.

Comparisons with other high-profile IPOs in 2025, such as Tata Capital’s ₹15,500 crore IPO and LG Electronics’ ₹11,600 crore IPO, indicate that Groww’s IPO is among the most anticipated. Institutional investors, venture capitalists, and retail participants are closely watching the IPO, with many looking to secure shares in this promising fintech player.

 What Investors Should Know

Investors looking at the Groww ₹7,000 crore IPO should consider:

• The regulatory environment in India’s brokerage sector, especially recent F&O restrictions

• Profit margins and revenue trends despite industry clampdowns

• Participation by existing investors and the implications of the OFS component

• Market sentiment, IPO demand, and the potential post-listing performance

Given these factors, careful assessment is crucial for investors aiming to participate in the Groww IPO.

Conclusion

The Groww IPO marks a major milestone in India’s fintech growth story. With strong backing from top investors, robust client numbers, and growing demand in the retail and institutional space, this IPO is poised to be a landmark event in November 2025. Investors looking to participate in the IPO or invest in Groww unlisted shares should monitor updates closely, as the upcoming listing is likely to attract widespread attention and set new benchmarks in the Indian stock market.