Groww IPO: Check IPO Date, Live Subscription and Key Details
Groww is a technology-driven fintech company, operating under Billionbrains Garage Ventures Ltd. It provides a direct-to-customer digital investment platform, which is currently India's largest stockbroker by active clients. The platform offers a variety of financial products including Mutual Funds, Stocks, F&O, ETFs, IPOs, digital gold, and credit-based products like Margin Trading Facility (MTF). Groww focuses on a user-friendly, mobile-first interface to attract and retain retail investors, particularly the younger demographic. The company is actively diversifying its revenue streams beyond broking into lending and asset management (Groww AMC).
Price Range
₹95.0 - ₹100.0
Issue Size
₹6,632.3 Crore
Lot Size
150 shares
IPO Type
Mainboard
GMP
₹16(+16.00%)
Est. Listing Price
₹116
Invisible
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Invisible
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Key Metrics
Check Live GMP
Face Value
₹2
EPS
2.45
P/E Ratio
40.79
RoNW
37.57%
ROE
37.57%
Debt to Equity
0.07
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Timeline
IPO Opens
4 Nov
IPO Closes
7 Nov
Allotment
10 Nov
Listing
12 Nov
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 4 November 2025 | Subscription starts |
| IPO Close Date | 7 November 2025 | Subscription ends |
| Allotment Date | 10 November 2025 | Allotment |
| Listing Date | 12 November 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹15,000 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,95,000 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,10,000 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,90,000 |
BHNIAbove ₹10,00,000 | 67 | ₹10,05,000 |
IPO Objectives
- Expenditure towards cloud infrastructure.
- Brand building and performance marketing activities.
- Investment in one of the Material Subsidiaries, GCS, an NBFC, for augmenting its capital base.
- Investment in one of the Material Subsidiaries, GIT, for funding its MTF business.
- Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Strengths
- The company is the largest stockbroker in India by active clients, with a strong focus on retail investors and a highly recognizable brand name.
- It achieves high customer retention and engagement through a clean, low-cost, and user-friendly mobile-first technology platform.
- The business showed a strong financial turnaround, swinging from a loss in FY24 to a significant profit of ₹1,824.37 Cr in FY25, demonstrating operational scalability.
- It is rapidly diversifying revenue streams into high-growth areas like Mutual Funds and Margin Trading Facility (MTF), reducing reliance on volatile broking income.
- The company benefits from a low customer acquisition cost (CAC) with over 80% of new customers acquired organically.
Weaknesses
- The company faces severe negative Cash Flow from Operations (CFO), indicating challenges in efficiently collecting cash despite reporting high accounting profits.
- A large Offer for Sale (OFS) component (₹5,572.30 Cr) accounts for the bulk of the issue, meaning most proceeds will not fund the company's growth.
- The business has a high dependence on the capital market cycle; any downturn in trading volumes or mutual fund inflows will directly impact revenue and profitability.
- It faces intense competition in the fintech sector from established discount brokers and full-service players.
- The P/E ratio of 40.79x (post-IPO) is considered aggressive for the sector, demanding high, sustained growth to justify the valuation.
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Financial Performance
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 12,713.18 | 10,077.31 | 8,017.97 | 4,807.78 |
| Revenue (₹ Cr.) | 948.47 | 4,061.65 | 2,795.99 | 1,260.96 |
| PAT (₹ Cr.) | 378.37 | 1,824.37 | -805.45 | 457.72 |
| Net Worth (₹ Cr.) | 5,995.45 | 4,855.35 | 2,542.64 | 3,316.75 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Groww | 11.76 | 40.79 | 37.57% | 5,995.45 |
| Angel One | 3.92 | 29.13 | 13.46% | 5,639.72 |
| Motilal Oswal | 5.47 | 21.72 | 22.58% | 11,131.24 |
Subscription Details
No daily bids available.
No subscription statistics available.
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Company Details
- Billionbrains Garage Ventures Ltd.
- Vaishnavi Tech Park, South Tower, 3rd Floor, Sarjapur Main Road, Bellandur, Bangalore Urban, Karnataka-560103
- +91 80 6960 1300
- corp.secretarial@groww.in
- http://www.groww.in/
Registrar Details
- MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- groww.ipo@in.mpms.mufg.com
- https://linkintime.co.in/Initial_Offer/public-issues.html