India’s fintech revolution has reached a new milestone. After changing how millions of Indians invest, Groww is set to hit the public markets with the much-anticipated Groww IPO 2025. Investors, analysts, and the entire startup ecosystem are watching closely. Is this the next big stock market success story? Or are we witnessing another aggressively valued tech listing?
This guide breaks down everything you need to know in a clean, simple, and investor-friendly way.
Why Everyone Is Talking About Groww
Over the last few years, investing in India has gone truly mainstream. And right at the center of that change sits Groww, a digital investing platform trusted by more than 1.4 crore users across the country.
What made Groww stand out?
- A clean and simple investing app
- Quick account opening and KYC
- Zero-commission mutual fund investing
- Low brokerage for equity and derivatives
- Transparent and mobile-first experience
Groww made investing accessible and unintimidating, especially for young and first-time investors. No complicated charts, no clutter, no old-school trading screens.
This strong retail connection is exactly why the Groww IPO in 2025 has sparked huge curiosity.
Company Background & Evolution
Founded in 2016 by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, Groww began as a mutual fund investment platform, as highlighted in its founders’ journey story. Over the years, it transformed into a full-stack wealth platform offering:
- Stocks
- Mutual Funds
- ETFs
- IPOs
- Commodities
- Sovereign bonds and debt products
Today, Groww serves over 1.4 crore active users and processes millions of daily trades.
Its mission has remained simple:
To make investing easy and accessible for every Indian, regardless of geography, education, or financial background.
Groww Business Model Explained
The Groww IPO business model is primarily built on online broking. In FY25, roughly 85% of revenue came from broking activities. Additional earnings come from:
- Mutual fund distribution
- Other financial product commissions
- Credit and lending offerings
- Margin and interest-based services
Groww operates as a direct-to-consumer, technology-driven platform. Instead of spending heavily on marketing, it relies on:
- Organic brand pull
- Word-of-mouth growth
- Trust built through app simplicity
This strategy has helped it acquire 83% of users organically and maintain strong user retention.
Groww 2025 Financial Performance
Let’s break down the Groww IPO financials for FY25:
| Metric | FY25 |
| Revenue | ₹4,056 crore |
| Net Profit | ₹1,899 crore (~45% net margin) |
| User Base | ~1.4 crore active users |
| Revenue Growth (FY23-FY25 CAGR) | ~85% |
| EBITDA Margin | ~59% |
Groww even incurred a one-time tax-related loss in FY24 due to corporate restructuring, yet bounced back strongly in FY25.
This consistent profitability sets Groww apart from many fintech IPOs that went public while still loss-making.
Groww IPO Price Band, Lot Size & Key Dates
Here are the confirmed details for the Groww IPO price band and more:
| Particular | Details |
| Issue Size | ₹6,632 crore |
| Fresh Issue | ₹1,060 crore |
| Offer for Sale (OFS) | ₹5,572 crore |
| Groww IPO price band | ₹95 – ₹100 per share |
| Groww IPO lot size | 150 shares (approx ₹15,000 minimum) |
| Groww IPO subscription date | 4 – 7 November 2025 |
| Allotment Date | 10 November 2025 |
| Listing Date | 12 November 2025 |
The Offer for Sale portion is large, meaning many early investors (like Sequoia, Tiger Global) are partially exiting.
Grey Market Premium (GMP) of Groww: ~16 – 17% suggesting a possible listing around ₹117 per share.
Groww IPO Valuation: Is It Fair?
The Groww IPO valuation implies a market cap of ~₹61,700 crore at the upper band, translating to a P/E of ~30x FY25 earnings.
This puts Groww above traditional brokers like Angel One but below the premium multiples seen for tech giants. Considering:
- Strong profits
- Massive user base
- Fast-growing financial services market
…the valuation appears ambitious but not unreasonable.
However, the high Offer for Sale (OFS) portion may raise questions about long-term insider confidence.
Groww IPO Market Share & Positioning
Groww has become a leader in India’s retail investing space:
- ~24% share in NSE/BSE retail cash turnover
- ~14% share in retail derivatives turnover
- Penetration across 98% of Indian pincodes
Its closest competitors are:
But Groww’s brand pull among new-age retail investors and organic growth make it unique.
Groww IPO 2025: Pros and Cons
| PROS | CONS |
| Leader in India’s digital broking market | Strong competition from Zerodha, Angel One, Upstox, and others |
| High profitability, strong balance sheet | SEBI and RBI regulatory changes may impact business |
| Low customer acquisition cost due to strong trust and brand | Revenue depends on stock market activity and trading volumes |
| Clean and simple digital investing platform | Rising tech and cloud infrastructure costs |
| High user retention across India, deep non-metro reach | Large Offer-for-Sale (OFS) portion may concern long-term investors |
| Expansion potential in lending, wealth advisory, research, and insurance | Fast-moving fintech space requires constant innovation |
| Growing cross-sell and premium product opportunities | Valuation is premium; near-term upside may be limited |
| Strong organic growth and tech infrastructure | Margin pressure if competitors cut prices |
Should you invest in the Groww IPO 2025?
The Groww IPO 2025 is attractive for long-term investors due to strong market share, profitability, and tech-driven growth, but competition, regulatory risks, and premium valuation are key concerns.
Verdict
| Investor Type | Summary |
| Long-term investors | Attractive due to scale, profitability, and fintech growth opportunity |
| Short-term traders | Listing gains are uncertain due to rich valuation and large OFS |
| Risk-averse investors | Better to wait and track post-listing performance |
Why consider it?
- Profitable fintech, unlike many past IPOs
- Strong user adoption across India
- Clear leadership in digital broking
Why be cautious?
- Premium valuation already pricing future growth
- Competition from Zerodha, Angel One, Upstox
- Regulatory sensitivity due to broking + lending
Good pick for patient, long-term investors who believe in India’s tech-driven financial growth.
Not ideal for those chasing guaranteed day-one gains.
How can a Retail Investor Approach the Groww IPO
This Groww IPO retail investor guide helps you plan wisely, not emotionally.
Who should apply?
- Long-term equity investors
- Those confident about India’s fintech and digital investing growth
- Investors looking to hold for 2–5+ years, not flip quickly
Who should be cautious?
- First-time IPO participants
- Short-term or F&O traders chasing quick profit
- Investors who get carried away by hype cycles
- Those with a high existing portfolio leverage
Smart investing approach
| Strategy | Tip |
| Start with a modest allocation | Avoid going all-in due to hype |
| Check GMP, but don’t rely on it | GMP is sentiment, not a guarantee |
| Focus on fundamentals | User growth, margins, revenue per client |
| Diversify | Do not allocate more than 2–5% of the portfolio to one IPO |
Key metrics to track after listing
- Quarterly active user growth
- Growth in lending and wealth products
- Margins and operating efficiency
- Regulatory announcements from SEBI/RBI
- Market share vs Zerodha and Angel One
Practical takeaway: Treat this IPO like an investment in a long-term fintech compounder, not a lottery ticket.
Conclusion
The Groww IPO 2025 is one of India’s most anticipated offerings. Groww has already proven itself as a profitable, scalable, digital-first investing platform with deep retail trust. Its success story reflects India’s rising financial literacy and growing appetite for wealth creation.
But like every IPO, it comes with questions – particularly around valuation and market-dependent earnings.
If you believe in India’s long-term fintech opportunity, Groww can be a strong long-term addition to your portfolio. If you are chasing quick-listing profits, manage expectations and risk carefully.
And want to learn how to analyze businesses like Warren Buffett and value companies before investing? Join The WallStreet School’s Value Investing Course and build real-world stock-picking skills.
People Also Asked:-
1. Is Groww IPO worth buying?
Ans. Groww IPO may suit long-term investors who believe in India’s fintech growth. Solid users and profits, but valuation risks exist. Review fundamentals before applying.
2. What is the GMP of Groww IPO?
Ans. Groww IPO GMP will be known closer to listing. Track reliable IPO sources instead of rumors, because grey-market trends change daily.
3. Is Groww coming with IPO?
Ans. Yes, Groww is expected to launch its IPO in 2025. The company has prepared for public listing as it scales its digital investing business in India.
4. How to buy IPO on Groww?
Ans. Open a Groww account, complete KYC, go to the “IPO” section, select the IPO, enter lot details, and submit the UPI payment mandate to apply.
