The much-awaited Groww IPO will open for public subscription on Tuesday, November 4, and close on Friday, November 7. The Bengaluru-based fintech unicorn,
which has quickly emerged as India’s largest and fastest-growing digital investment platform, plans to raise Rs 1,060 crore through a fresh issue, alongside an offer for sale of 55.72 crore shares by existing investors. Prominent backers such as Peak XV Partners, Ribbit Capital, Y Combinator, Tiger Global, and Kauffman Fellows Fund will partially offload their holdings during the offering. Strong Fundamentals Back The IPO Launch Groww operates an all-in-one digital platform that enables customers to invest and trade across stocks, derivatives, bonds, mutual funds, and IPOs, among other financial products. As of June 30, 2025, the company had 12.6 million active NSE users, capturing a 26.3 per cent share of India’s retail investor market. Financially, the company has demonstrated a remarkable turnaround. It reported a net profit of Rs 1,824 crore in FY25, bouncing back from a loss of Rs 805 crore in FY24, while revenues surged 49 per cent year-on-year to Rs 3,902 crore. In Q1 FY26, Groww continued its strong momentum with Rs 904 crore in revenue and Rs 378 crore in profit. Groww IPO Latest GMP Groww IPO Update (as of Nov 3, 2025, 05:01 pm): The latest Grey Market Premium for the Groww IPO is Rs 15.5, according to the grey market tracking website, Investorgain. Based on the price band of Rs 100.00, the estimated listing price is Rs 115.5 (cap price plus today’s GMP), reflecting an expected 15.5 per cent gain per share. Issue Details And Allotment Schedule Price Band: Rs 95–Rs 100 per share Lot Size: 150 shares and multiples thereafter QIB Reservation: Minimum 75 per cent NII Reservation: Maximum 15 per cent Retail Reservation: Maximum 10 per cent Anchor Allocation: Scheduled for November 3 Funds raised will support cloud infrastructure (Rs 152.5 crore), brand development (Rs 225 crore), subsidiary investments, and inorganic growth initiatives. The basis of allotment will be finalised on November 10, with listing on BSE and NSE expected on Wednesday, November 12. (Disclaimer: This article is meant solely for informational and educational purposes. The views and opinions expressed are those of individual analysts or brokerage firms and do not reflect the stance of Times Now. Readers are advised to consult certified financial experts before making any investment decisions.)
