Groww Ipo
Groww IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Kotak Mahindra Capital Co.Ltd.
JP Morgan India Pvt.Ltd.
Citigroup Global Markets India Pvt.Ltd.
Axis Capital Ltd.
Motilal Oswal Investment Advisors Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 150 | ₹15,000 |
| Retail Maximum | 13 | 1,950 | ₹1,95,000 |
| S-HNI Minimum | 14 | 2,100 | ₹2,10,000 |
| S-HNI Maximum | 66 | 9,900 | ₹9,90,000 |
| B-HNI Minimum | 67 | 10,050 | ₹10,05,000 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
| Anchor Bidding Date | November 3, 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | December 10, 2025 |
| lock-in period end date 50% shares (90 Days) | February 8, 2026 |
| IPO Open Date: | November 4, 2025 |
| IPO Close Date: | November 7, 2025 |
| Basis of Allotment: | November 10, 2025 |
| Refunds: | November 11, 2025 |
| Credit to Demat Account: | November 11, 2025 |
| IPO Listing Date: | November 12, 2025 |
| IPO Bidding Cut-off Time: | November 7, 2025 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 6,06,75,96,631 | 28% |
| Promoter Holding Post Issue | 6,17,35,96,631 | 27.51% |
| Purpose | Crores |
| Expenditure towards cloud infrastructure | 152.50 |
| Brand building and performance marketing activities | 225.00 |
| Investment in one of the Material Subsidiaries, GCS, an NBFC, for augmenting its capital base | 205.00 |
| Investment in one of the Material Subsidiaries, GIT, for funding its MTF business | 167.50 |
| Funding inorganic growth through unidentified acquisitions and general corporate purposes |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹1,260.96 | ₹757.12 | ₹457.72 | ₹4,807.78 |
| 2024 | ₹2,795.99 | ₹2068.11 | ₹805.45 | ₹8,017.97 |
| 2025 | ₹4,061.65 | ₹1596.49 | ₹1,824.37 | ₹10,077.31 |
| June 2025 | ₹948.47 | ₹444.67 | ₹378.37 | ₹12,713.18 |
| KPI | Values |
| ROE: | 37.57% |
| ROCE: | -% |
| EBITDA Margin: | 59.11% |
| PAT Margin: | 44.92% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹3.34 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 37.57% |
| Net Asset Value (NAV): | ₹8.89 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Angel One Limited | 130.05 | 17.52 | 20.85% | 623.72 | 5238.38 Cr. |
| Motilal Oswal Financial Services Limited | 41.83 | 22.39 | 22.64% | 185.24 | 8339.05 Cr. |
| 360 One WAM Limited | 27.14 | 40.98 | 14.37% | 188.89 | 3295.09 Cr. |
| Nuvama Wealth Management Limited | 276.66 | 23.99 | 28.22% | 979.11 | 4158.27 Cr. |
| Prudent Corporate Advisory Services Limited | 47.25 | 59.40 | 29.30% | 161.25 | 1103.56 Cr. |
| IPO Open Date | November 4, 2025 |
| IPO Close Date | November 7, 2025 |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹95 to ₹100 Per Share |
| Issue Size | Approx ₹6,632.30 Crores |
| Fresh Issue | Approx ₹1,060 Crores |
| Offer for Sale: | Approx 55,72,30,051 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |