Outlook Business Desk
Groww, India’s leading investment platform, filed its red herring prospectus (RHP) with SEBI on October 29, 2025. The IPO will open for public subscription on November 4, after anchor investor bidding on November 3.
Groww’s IPO will raise ₹6,632.30 crore, with ₹1,060 crore from new shares and ₹5,572.30 crore offered by existing investor shareholders, as per the red herring prospectus.
Groww has fixed its IPO price band between ₹95 and ₹100 per share, making it accessible for retail investors aiming to invest in one of India’s fastest-growing fintech startups.
The IPO will open for public bidding on November 4, 2025, and close on November 7, 2025.
The basis of allotment will be finalised by November 10, 2025, while tentative listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is set for November 12, 2025.
Kotak Mahindra Capital, J.P. Morgan India, Citigroup Global Markets, Axis Capital, and Motilal Oswal are the lead book-running managers for the IPO.
MUFG Intime India Private Limited will act as the registrar for the Groww IPO, managing investor applications, allotment, and refund processes for subscribers during and after the issue.
Founded in 2016 by ex-Flipkart employees Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, Groww enables users to invest in mutual funds, stocks, IPOs, ETFs, and bonds — serving as India’s largest D2C investment platform.