Groww IPO: Company Files Updated DRHP with SEBI for ₹7,000 Crore Issue

The Bengaluru-based stock broking platform Groww is preparing for one of the largest initial public offerings in the fintech sector. The company’s updated filing with Sebi outlines its capital-raising plans, promoter commitments, and early investor exits, making it an important development for the Indian capital markets.

IPO Details and Structure

Groww plans to raise about ₹7,000 crore through its Upcoming IPO, with ₹1,060 crore as fresh capital infusion and the rest coming from an offer for sale worth ₹5,000-6,000 crore, as per the news report. Early investors, including Peak XV, Y Combinator, Ribbit Capital, and Tiger Global, are expected to participate in the share sale.

Promoter Stake and Lock-In

The founders, who together hold 27.96% of the company, have filed as promoters. They are subject to a 20% lock-in for one and a half years from the listing date. "In the IPO, they are offering to sell about 0.07% of the total shares of the company,” according to the updated filing.

Potential Listing Timeline

The IPO price band is likely to be finalised by mid-October, and the company is aiming for a November listing. Groww, started in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, all former Flipkart employees, has emerged as a key player in the online trading and investment space.

Financial Performance

Groww reported a net profit of ₹378 crore in Q1FY26, up 11% year on year, with revenue at ₹904 crore compared to ₹1,000 crore in Q1FY25. For FY25, the company posted net profit of ₹1,819 crore, a three-fold increase, while revenue grew 31% to ₹4,056 crore. Despite a 10% revenue decline in Q1FY26 due to SEBI regulations on Futures and Options trading, Groww’s net profit margin remains strong at 45%, supported by an 85% contribution margin.

Expansion and Future Plans

To diversify its business, Groww has signed an agreement to acquire Fisdom, which will strengthen its wealth management offerings. It has also introduced commodities for select users. The company is expected to scale up its margin trading facility (MTF) lending product, which, along with new verticals, could add to future revenue streams.

Read More: Groww Prepares for IPO, Could Be Valued at ₹80,000 Crore! 

Conclusion

Groww’s updated DRHP filing highlights its strong financial growth, promoter commitment and early investor exits. With a ₹7,000 crore issue in the pipeline, the upcoming IPO will be closely watched for its impact on the fintech and broking industry.

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