Groww has filed for an IPO worth Rs 6,000–7,000 crore, setting the stage for one of India’s biggest startup listings. The issue includes a fresh capital raise of Rs 1,060 crore and an offer for sale by early investors as Peak XV, Y Combinator, Ribbit Capital and Tiger Global. The founders, who collectively hold 27.97 per cent, will offload only a negligible 0.07 per cent of their stake, with most holdings locked in for 18 months.
Groww has reported a net profit of Rs 378 crore in Q1 FY26, up 11 per cent year-on-year, though revenue dipped 10 per cent to Rs 904 crore due to regulatory curbs on F&O trading. For FY25, it posted a threefold rise in profit to Rs 1,819 crore and a 31per cent revenue jump to Rs 4,056 crore, with profit margins among the highest in the industry.
The Bengaluru-based firm has around 18 million claimed active investors, though NSE data suggests closer to 12 million, and holds a 26 per cent market share among active NSE clients. In June 2025, nearly one in three new SIPs were initiated on Groww, giving it an 18.5 per cent share of active SIPs. Beyond broking, it is expanding into commodities, margin trading, and has agreed to acquire Fisdom.
Despite industry headwinds from higher taxes and stricter F&O regulations that have hurt rivals like Zerodha and Angel One, Groww believes its diversified offerings and market leadership will underpin growth. Its upcoming IPO could cement its place as one of India’s most prominent publicly listed FinTech companies.
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