Groww IPO Price Band Set at Rs 95-100
Groww, a rising star in India's digital investment landscape, has announced its initial public offering (IPO) price band at Rs 95-100 per share. This marks a significant development for the company, as it aims to raise a whopping Rs 6,632.3 crore through this offering. The IPO consists of two parts: a fresh issuance of shares worth Rs 1,060 crore and an offer for sale (OFS) of 55.72 crore shares valued at Rs 5,572.3 crore.
The subscription window for the IPO will open on November 4 and close on November 7. Investors can place bids for a minimum of 150 equity shares and in multiples of 150 thereafter. Additionally, anchor investors will have the opportunity to place their bids a day earlier, on November 3.
Groww operates as a direct-to-customer digital investment platform, providing a variety of financial products and services aimed at wealth creation. The company has made a name for itself by simplifying investment processes and catering to a growing demographic of retail investors in India.
In terms of financial performance, Groww reported a profit of Rs 378.36 crore for the quarter ending June 2025, marking a growth from Rs 338 crore in the same period last year. This impressive performance reflects the increasing adoption of digital investment platforms among Indian consumers.
The company has also experienced remarkable revenue growth, with a compound annual growth rate (CAGR) of 127.7 percent from FY2022 to FY2025. Notably, a significant portion of its revenue—84.5 percent in fiscal 2025 and 79.49 percent in the quarter ending June 30, 2025—came from its broking services. This indicates the strong demand for their services as more people turn to digital platforms for their investment needs.
Furthermore, the number of active users on Groww has seen substantial growth, increasing at a CAGR of 52.74 percent from the start of fiscal 2023 to the quarter ending June 30, 2025. This trend highlights the shift in investment behavior in India, where more individuals are seeking accessible and user-friendly platforms to manage their investments.
In conclusion, Groww's IPO is not just a financial milestone for the company but also a reflection of the evolving investment landscape in India. With its competitive pricing and strong growth trajectory, the upcoming IPO presents an exciting opportunity for retail investors looking to engage with the booming digital financial services sector.
