Groww Prepares for IPO, Could Be Valued at ₹80,000 Crore

Bengaluru-based fintech company Groww, known for its mutual fund and stockbroking platform, is getting ready to launch its Initial Public Offering (IPO). The company’s valuation is expected to reach around ₹80,000 crore (approximately US$10 billion), making it one of the most valuable fintech startups in India.

Groww IPO Plans and Timeline

Groww is likely to submit its updated draft red herring prospectus (DRHP) this week. The company hopes to go public by November 2025. If successful, Groww will be one of the few profitable tech startups to hit the stock market in India this year. The Securities and Exchange Board of India (SEBI) recently approved Groww’s IPO plan. The offer will include both fresh equity shares and an offer for sale (OFS), where existing shareholders sell their shares.

Financial Performance of Groww

Groww has shown impressive financial growth. For the financial year 2025 (FY25), the company expects a net profit margin of 44.85%. Its profit jumped three times to ₹1,819 crore, while revenue increased by 31% year-on-year to ₹4,056 crore. The company also reported profit growth in the first quarter of FY26, even though many competitors faced challenges due to new regulations.

These strong results could push Groww’s valuation higher than the earlier target of US$7-8 billion. This is a positive sign for investors looking to participate in the IPO.

Backing and Support

Groww is supported by major investors like Peak XV, Tiger Global, and Microsoft CEO Satya Nadella. Founded in 2016, Groww has quickly become India’s largest stockbroker with around 15 million active users. The company plans to use the funds raised from the IPO to expand its business and improve its technology.

Managing the IPO

To handle the IPO process, Groww has appointed a team of lead managers, including JP Morgan India, Kotak Mahindra Capital, Citigroup Global Markets, Axis Capital, and Motilal Oswal Securities. This group will help Groww navigate the regulatory process and ensure a successful public listing.

Read more: 8 Indian Cities Cross ₹1 Lakh Crore in Mutual Fund AUM: Where Does Your City Stand?

Conclusion

Groww’s upcoming IPO highlights its growth as a profitable and rapidly expanding fintech company. With strong financials and backing from top investors, Groww is set to become one of India’s leading public tech companies. The funds raised from the IPO will support its plans for growth and innovation, potentially benefiting millions of users and investors alike. As the IPO approaches, it will be interesting to see how Groww performs on the stock market.

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