Groww Files for Rs. 7,000 Cr IPO with Strong FY25 Profits

Bengaluru-based online investment platform Groww has filed updated draft papers with SEBI for its highly anticipated IPO, targeting a listing size between ₹6,000 crore (US$683 million) and ₹7,000 crore (US$796.9 million).

The public issue will comprise a fresh issue of ₹1,060 crore (US$120.7 million) and an offer-for-sale (OFS) of 574 million shares worth around ₹5,000–6,000 crore (US$569.2–683 million).

Prominent investors including Peak XV Partners, Y Combinator, Ribbit Capital, Tiger Global, and Kauffman Fellows Fund will partially exit through the OFS. Founders Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal will each sell 1 million shares.

Key Highlights

Groww targets Rs. 6,000–7,000 crore IPO with fresh issue and OFS
FY25 net profit at Rs. 1,824 crore with 31 percent YoY revenue growth
Platform has 12.58M NSE active clients and expanded into MTF, loans, and commodities

Financially, Groww has shown robust growth, reporting a net profit of Rs. 1,824 crore (US$207.6 million) in FY25 alongside a 31 percent YoY revenue growth to Rs. 4,056 crore (US$461.7 million). The platform boasts 12.58 million NSE active clients as of June 2025, underlining its strong market presence.

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In recent quarters, Groww has expanded beyond mutual funds and equities, adding wealth management, margin trading facility (MTF), commodities, and loans against shares to its portfolio, positioning itself as a full-stack financial services provider. The IPO is expected to be one of the largest fintech listings in India and will likely draw strong investor interest amid a buoyant capital market.