Groww IPO Price Set at Rs 95-100 per Share
Groww, the leading digital investment platform in India, has announced its initial public offering (IPO) price band at Rs 95 to Rs 100 per equity share. This move is part of its strategy to raise a substantial amount of ₹6,632.3 crore in the market. The IPO consists of a fresh issuance of ₹1,060 crore and an offer for sale (OFS) of ₹5,572.3 crore shares, making it a significant event for investors.
The subscription for this IPO is set to open on November 4 and will close on November 7. Investors can place their bids for a minimum of 150 equity shares, and thereafter in multiples of 150 shares. Additionally, anchor investors will have the opportunity to place their bids on November 3, highlighting the excitement surrounding this offering.
Groww has established itself as a direct-to-customer investment platform, providing a range of financial products and services to help customers create wealth. The company has demonstrated impressive financial growth, reporting a profit of ₹378.36 crore during the quarter ending June 2025, which is an increase from ₹338 crore in the same quarter of the previous year. This significant growth showcases the platform's ability to attract and retain users in a competitive market.
Furthermore, the revenue from operations has experienced a remarkable compound annual growth rate (CAGR) of 127.7% from FY2022 to FY2025. This growth is largely driven by the company's broking services, which accounted for 84.5% of its revenue in the fiscal year 2025 and 79.49% in the quarter ending June 30, 2025. Such figures indicate a strong demand for its services and a growing customer base.
The number of active users on Groww has also seen significant growth, with a CAGR of 52.74% from the beginning of fiscal 2023 through June 30, 2025. This growth trend reflects the increasing interest of Indian investors in digital platforms for managing their investments.
In conclusion, Groww's IPO presents an enticing opportunity for investors looking to tap into the booming Indian investment market. With its strong financial performance and growing user base, Groww is poised to be a key player in the financial services industry in India.
