Groww, India’s largest digital investment platform by active NSE users, is set to launch its much-awaited ₹1,060 Cr IPO. Founded in 2016 by ex-Flipkart employees Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, Groww has rapidly become a technology-driven and customer-centric platform for investing in stocks, mutual funds, derivatives, bonds, ESOPs, and IPOs.
Key Business Highlights
✅ Pan-India Reach: Active in 98% of pin codes; ~81% of users come from beyond the top 6 metros.
✅ Multi-Product Adoption: 52% of investors use more than one product, boosting retention and ARPU.
✅ Asset Management Growth: AUM of ₹25,199 Cr (June 2025) after acquiring Groww AMC.
✅ Strategic Acquisition: Finwizard Technology Pvt. Ltd. to expand mutual funds, insurance, broking, and tax services.
Financial Performance (FY23–FY25)
📈 User Growth: Active users grew at a CAGR of ~52.7%.
📈 Customer Assets: CAGR of ~91.1%, with strong digital adoption.
📈 Profitability: High EBITDA growth with strong retention (77.7% over 3 years).
📈 Engagement: Users spend over 65 minutes daily on the platform.
Groww IPO Details
Offer Size: ₹1,060 Cr; OFS of 7.62 Cr shares
Promoter Holding: 26.64%
Use of Proceeds:
Cloud Infrastructure: ₹152.5 Cr
Brand & Marketing: ₹225 Cr
NBFC Capital: ₹205 Cr
M&A Activities: ₹117.5 Cr
Balance for Corporate Purposes
Valuation & Market Outlook
💰 Market Cap: ₹60,000–68,000 Cr ($7–8 Bn)
💰 Price/Share: ₹100–114
💰 Implied P/E: 33–37x
Groww’s brand strength, pan-India presence, and rapid financial growth justify a premium valuation, making this IPO one of India’s most anticipated fintech listings.
Strategic Roadmap
🚀 Enhance cloud-based investment and trading platform
🚀 Expand NBFC & lending services nationwide
🚀 Pursue mergers & acquisitions to diversify financial services
Summary Table – Groww IPO at a Glance
| Topic | Summary |
|---|---|
| Revenue & Growth | Active users: 10.07M → 10.28M; Customer assets: ₹97,640 Cr → ₹1,13,997 Cr |
| Profitability | Strong EBITDA growth; multi-product adoption driving ARPU |
| User Base | 13.52M transacting users; 5.70M multi-product investors |
| Balance Sheet | Low debt, equity-funded growth, negative CFO due to expansion |
| Valuation | Market Cap: ₹60,000–68,000 Cr; P/E: 33–37x |
| Outlook | IPO to fund tech, NBFC expansion & M&A-driven growth |
Why Investors Should Watch Groww IPO
🚩 Rapid Growth: High CAGR in users and customer assets
🚩 Trusted Brand: Strong recognition across India
🚩 Diverse Products: From IPOs to bonds, ESOPs & mutual funds
🚩 Technology Edge: Secure and scalable investment platform
🚩 High Retention: Strong engagement and multi-product usage
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