Groww IPO
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Groww IPO details
Schedule of Groww
| Issue open date | 04 Nov 2025 |
| Issue close date | 07 Nov 2025 |
| UPI mandate deadline | 07 Nov 2025 (5 PM) |
| Allotment finalization | 10 Nov 2025 |
| Refund initiation | 11 Nov 2025 |
| Share credit | 11 Nov 2025 |
| Listing date | 12 Nov 2025 |
| Mandate end date | 22 Nov 2025 |
| Lock-in end date for anchor investors (50%) | 10 Dec 2025 |
| Lock-in end date for anchor investors (remaining) | 08 Feb 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Groww
Groww is an Indian online investment platform that allows users to invest in mutual funds, stocks, ETFs, fixed deposits, and other financial products. It was founded in 2016 with the goal of simplifying the investment process, particularly for new and first-time investors. The platform operates fully digitally, offering features like paperless onboarding and a user-friendly interface. Groww also includes educational content to help users better understand their investment choices. Supported by several global investors, the company has seen significant growth in recent years.
Financials of Groww
Issue size
| Category | Funds Raised (₹ crores) |
| Total issue size | 6632.30 |
| Fresh Issue – Proceeds go to the company | 1060 |
| Offer for sale – Proceeds go to the existing investors | 5572.30 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Expenditure towards cloud infrastructure | 152.5 (14.38%) |
| Brand building and performance marketing activities | 225 (21.22%) |
| Investment in material subsidiaries, GCS, an NBFC, for augmenting its capital base | 205 (19.33%) |
| Investment in material subsidiaries, GIT, for funding its MTF business | 167.5 (15.80%) |
| Funding inorganic growth through unidentified acquisitions and general corporate purposes | 310 (29.24%) |
Strengths
- Market share of 26.27% with 12.6 million active clients as of June 2025
- Net profit margin of 44% with revenue of ₹4056 crores in FY2025
- Mobile-first platform architecture designed for the digital-native investor demographic
- In-house technology stack to deliver a differentiated experience at low cost
Risks
- Regulatory changes in derivatives trading and brokerage fee structures affecting revenue streams
- Business model dependency on retail investor participation and market trading volumes
- Technology infrastructure requirements for continuous system upgrades and maintenance costs
- Market volatility impact on trading frequency and customer engagement patterns
Allotment Status for Groww
To check your IPO allotment status:
- Visit the MUFG Intime India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Media coverage Groww IPO
- Times of India: Groww to raise $250 million led by GIC at $6.8 billion valuation
- Economic Times: Groww in talks to rack up pre-IPO funding at $6.5 billion valuation
- Forbes: How Groww Is Making Investing As Easy As Ecommerce
- Economic Times: Microsoft CEO Satya Nadella-backed Groww to file for $800 million IPO
Subscription Figures for Groww
As per media reports (Link), the Grey Market Premium (GMP) of Groww is reported at ₹17.25 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on November 07, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 1989.69 | 43803.80 | 22.02x |
| NII | 994.85 | 14128.97 | 14.2x |
| Retail | 663.23 | 6253.99 | 9.43x |
| Total | 3647.77 | 64186.76 | 17.6x |