Investment Platform Groww Raises Rs 2,984.5 Crore Ahead of IPO
Investment platform Groww is gaining attention after securing Rs 2,984.5 crore from anchor investors prior to its initial public offering (IPO). The company’s IPO committee has greenlit the distribution of 29.85 crore shares priced at Rs 100 each, which includes a face value of Rs 2 and a premium of Rs 98, according to a regulatory filing obtained from the stock exchange.
As stated in the company’s filing, Groww successfully attracted a distinguished group of investors, such as HDFC Mutual Fund, Kotak Mutual Fund, SBI Mutual Fund, Nippon India, Axis Mutual Fund, and Aditya Birla Sun Life. Furthermore, prominent global institutions including the Government of Singapore, the Monetary Authority of Singapore, the Abu Dhabi Investment Authority, Goldman Sachs, the New York State Teachers Retirement System, and Norway’s Government Pension Fund Global have also participated.
Approximately 46.6% of the total anchor allotment, amounting to Rs 1,389.8 crore, has been dedicated to 17 domestic mutual funds across 54 schemes. The anchor allotment for Groww’s IPO is set to open for public subscription today and will conclude on November 7. The company has established a price range of Rs 95 to Rs 100 per share.
Supported by Peak XV Partners, Tiger Global, Ribbit Capital, and ICONIQ Growth, Groww’s public offering will feature a fresh issue of shares valued at Rs 1,060 crore alongside an offer for sale (OFS) of Rs 5,572.3 crore at the upper price point of Rs 100 per share, with early major investors taking part in the OFS.
A recent report by Startup Superb reveals that existing investors in Groww are expected to realise substantial gains through the partial offer for sale. Kauffman Fellows Fund is projected to achieve an impressive 196X return, while Nirman Ventures and Y Combinator are anticipated to receive returns of 126.6X and 29X, respectively. Significant investors such as Peak XV Partners, Tiger Global, and Ribbit Capital are also likely to enjoy considerable profits from the IPO.
For further insights, refer to the complete report. The Bengaluru-based company’s operating revenue surged nearly 50% year-on-year to Rs 3,902 crore in FY25, with its profit reaching Rs 1,824 crore during the same period. However, in Q1 FY26, Groww reported a nearly 10% decline in revenue year-on-year, standing at Rs 904.4 crore, while its profit recorded at Rs 378.36 crore.
