What’s happening: Groww, India’s largest retail broker by active NSE users (June 2025), is preparing a large IPO that could raise about $0.7–1 billion. SEBI has approved the IPO; timelines will be announced with the RHP.
Business in a line
Groww is a digital broker offering stocks, IPO bidding, F&O, bonds, mutual funds, and loans—built for mobile-first users.
Key talking points
- Scale: 12.6 million active clients on NSE (June 2025).
- Use of proceeds: Cloud infra, brand building, NBFC capital, and MTF funding.
- Risks: Working capital during high volatility; tech downtime incidents; regulatory changes (e.g., derivatives framework).
Easy tips before you apply
- Read the RHP carefully—check risk factors and promoter/OFS details.
- Don’t invest only for listing gain. Think 3–5 years.
FAQs
Q1. Is SEBI approval done?
Yes. Final dates/price band come with RHP.
Q2. What is the estimated size?
About $700 million–$1 billion, subject to market conditions.
Sources
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