Groww IPO: Firm eyes Rs 80,000 cr valuation, financials and market position details

Kolkata: Popular trading platform, Groww all set to launch its initial public offer (IPO) with a valuation of around Rs 80,000 crore, reports suggest. Ahead of its IPO, Groww raised $200 million from Iconiq Capital and GIC at a $7 billion post-money valuation.

The fintech platform is planning to file its updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) this week. The public offer is likely to open for subscription in November.

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Billionbrains Garage Ventures, the parent company of Groww, will launch the IPO. The Bengaluru-based investment platform is backed by Microsoft CEO Satya Nadella, Peak XV and Tiger Capital.

After the nod of SEBI, Groww will become the second tech-driven firm to launch the initial public offer to raise money. Earlier, PhysicsWallah got the green signal from the market regulator to launch an IPO in July 2025.

Groww IPO could be the one of the largest fintech IPO in India's history. Leading financial services providers such as Kotak Mahindra, Motilal Oswal, Citigroup, JP Morgan, and Axis Capital will be managing the IPO.

Groww came into existence in 2016. Gradually the app became very popular amongst the people and evolved into the country's biggest stock broking platform with more than 1.23 crore active clients. As per reports, the fintech platform had a market share of more than 26% in August 2025.

In FY25, Groww posted a 3X jump in net profit to Rs 1,819 crore. The company’s revenues recorded a growth of 31 per cent from Rs 3,145, in FY24 to Rs 4,056 crore in 2024-25.

The fintech platform is engaged in the business of providing services in regards to stock market trading, mutual funds and SIP offerings.

The company was started by former employees of Flipkart - Harsh Jain, Neeraj Singh, Ishan Bansal, and Lalit Keshre.