Groww IPO: Digital Investment Platform’s IPO Details

Groww IPO received significant attention, with the offering being subscribed 17.6 times overall. The grey market premium (GMP) has fallen to Rs 5 per share, which is about 5% above the issue price, hinting at a potential listing price of Rs 105 per share. The IPO subscription period was from November 4 to 7, featuring a price band of Rs 95–100 per share, along with a minimum investment threshold of Rs 14,250. Final allotments are likely to be confirmed by November 10, while the company’s shares are anticipated to debut on both the BSE and NSE on November 12.

Groww IPO Structure and Valuation

As per the Red Herring Prospectus (RHP), Groww’s IPO comprises a fresh issue of shares valued at Rs 1,060 crore, along with an offer for sale (OFS) amounting to Rs 5,572.3 crore at the upper price band of Rs 100 per share. The involvement of early major investors in the OFS estimates the company’s valuation at about Rs 61,736 crore (approximately $7 billion).

Subscription Overviews

Exchange data indicates that Groww’s IPO was oversubscribed 17.6 times, with the retail segment receiving a subscription of 9.43x, qualified institutional buyers (QIBs) (excluding anchor investors) at 22.02x, and non-institutional investors (NIIs) at 14.2x. During this initial public offering (IPO) phase, Groww secured Rs 2,984.5 crore from anchor investors, luring participation from notable entities such as HDFC Mutual Fund, Kotak Mutual Fund, SBI Mutual Fund, Nippon India, Abu Dhabi Investment Authority, and Goldman Sachs.

Benefits for Existing Investors

According to a recent report from Startup Superb, current investors in Groww are set to enjoy considerable gains from the partial offer for sale. Kauffman Fellows Fund stands to earn an astonishing 196X return, while Nirman Ventures and Y Combinator anticipate returns of 126.6X and 29X respectively. Significant investors, including Peak XV Partners, Tiger Global, and Ribbit Capital, are also expected to achieve considerable profits from the IPO.

Company Performance Metrics

The Bengaluru-based firm’s operating revenue saw an impressive almost 50% year-on-year increase, reaching Rs 3,902 crore in FY25, with profits escalating to Rs 1,824 crore during the same fiscal year. However, in Q1 FY26, Groww’s revenue experienced a nearly 10% year-on-year decline, amounting to Rs 904.4 crore, while the company reported a profit of Rs 378.36 crore.