SEBI has approved Groww's IPO. The company will be listed on the NSE and BSE mainboards and plans to raise approximately $1 billion. The valuation is expected to be between $7-8 billion. This is considered a major milestone for India's startup and financial services sector.
Groww IPO: India's largest online broking platform, Groww, has received approval to launch its IPO. The company applied under SEBI's pre-filing mechanism in May 2025. Groww is now preparing to list its equity shares on the NSE and BSE. According to sources, the company could raise $700-920 million with a valuation of $7-8 billion. Founded in 2016, Groww offers products such as mutual funds, stocks, and ETFs, and is India's largest broking platform with over 125 million active users.
When Was the Filing Done
Groww confidentially filed its IPO with SEBI under the pre-filing mechanism on May 26 this year. Since then, discussions have been ongoing in the market that the company was preparing to raise capital. Prior to May, reports had emerged that Groww was in talks with investors to raise capital in its pre-IPO funding round. The company plans to list its equity shares on the NSE and BSE mainboards. However, the issue size, fresh issue, and offer for sale (OFS) details have not yet been fully disclosed.
Valuation and IPO Size
According to market sources, Groww is not in favor of placing a very high valuation on its IPO, given the current market conditions. Considering stock market volatility and investor caution, the company is contemplating a valuation between $7 to $8 billion. If this estimation proves correct, Groww could sell a 10 to 15 percent stake in its IPO. Through this, the company could raise between $700 to $920 million.
Groww's Journey and Challenges
Groww was launched in 2016. In just a few years, it became India's largest wealthtech platform. Today, it offers facilities for investing in stocks, direct mutual funds, ETFs, fixed deposits, and even the US stock market. It has made investing extremely easy, opening doors for first-time investors.
However, the first half of 2025 was not easy for Groww. Groww and its major competitor Zerodha collectively lost approximately 1.1 million active investors. This decline reflects market volatility and weak participation from retail investors.
Investor Confidence
Groww has received the trust of several major investors so far. These include venture capital funds like Tiger Global, Peak XV Partners, and Ribbit Capital. These investors infused capital in Groww's early funding rounds and helped the company expand. Today, Groww has become the most popular broking platform across the country.
Groww's Business Model
Groww's business model is simple yet robust. Its focus is on providing technology-driven solutions. Investment has been made so easy through its mobile app and website that even a first-time investor can directly invest in stocks or mutual funds. The company states its goal is to make investing accessible to more people and free it from complexities.
June 2025 Figures
The latest figures indicate that as of June 2025, Groww has become India's largest online broking platform. Its active user base exceeds 125.8 million, surpassing giants like Zerodha and Angel One in this regard. However, the recent decline in investor numbers shows that the company will need to take new steps to maintain its market hold.
