Groww has filed its Red Herring Prospectus (RHP) for a Rs 6,632.3 crore initial public offering (IPO), set to open for subscription from 4 November and close on 7 November.
Key Highlights
- Groww’s IPO values the company at ₹61,736 crore, with founders’ stake worth $1.85 billion.
- Early investor Y Combinator to partially exit via OFS, earning an estimated 29× return.
At the upper price band of Rs 100 per share, the issue — comprising a fresh issue of Rs 1,060 crore and an offer-for-sale (OFS) of Rs 5,572.3 crore — is likely to value the company at around Rs 61,736 crore (approx US $7 billion).
Founders’ combined stake is now worth about Rs 16,316 crore (around US $1.85 billion).
Early investor Y Combinator, holding ~13.42 % of the company, is planning a partial exit via OFS — selling ~10.5 crore shares worth Rs 1,054.8 crore — and is poised to achieve a return multiple of about 29×.
Other investors are also reaping gains: Kauffman Fellows is set to earn the highest return, about 196×, based on its initial cost of Rs 0.51 per share.
Also Read: Active Stock Market Users Rise to 46.19M in Aug 2025, Groww Leads
In the prior financial year, Groww’s operating revenue grew nearly 50 % year-on-year to Rs 3,902 crore and profit reached Rs 1,824 crore. For Q1 FY26, however, revenue declined 10 % year-on-year to Rs 904.4 crore, with profit at Rs 378.36 crore.
