Groww: Online Bond Platform Provider Approved by SEBI

Groww has received the go-ahead from the Securities and Exchange Board of India (SEBI) to function as an Online Bond Platform Provider (OBPP). This approval enables Groww to distribute listed corporate bonds via its platform.

Direct Access to Corporate Bonds

As per a report from ET, this licence permits Groww to offer retail investors direct access to corporate bonds, thereby expanding its existing portfolio of equities, mutual funds, and other market-linked products. Startup Superb has reached out to Groww for further details regarding this development.

Enhancing Fixed-Income Investment Opportunities

The licence also allows Groww to list, distribute, and facilitate transactions in corporate bonds directly through its application. This brings fixed-income investing closer to its substantial user base. This development could attract a new category of investors who are looking for stable returns and options for portfolio diversification.

Recent Performance Highlights

This news comes shortly after Groww’s listing on the stock market at a notable 14% premium compared to its issue price. For the second quarter of the current calendar year, the company announced a total income of Rs 1,071 crore, reporting a profit after tax of Rs 471 crore.

Customer Acquisition Insights

Interestingly, Groww’s customer acquisition cost surged by approximately 72% to Rs 1,374 in H1 FY26, up from Rs 796 during the same period last year. According to data from NSE, Groww holds the largest market share among stockbrokers at 26.62%, having added 1.38 lakh active demat accounts in October, raising its total to 1.2 crore (12 million).