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News Topical, Digital Desk : India's largest wealth-tech company Groww has applied for an IPO of Rs 6,000-7,000 crore. Groww currently has the most active investors. This IPO can open the way for Groww to be listed as one of the most profitable startups in the country. The company filed an updated draft red herring prospectus (DRHP) with market regulator SEBI on September 16. Under this, Rs 1,060 crore will be raised from new shares. Out of this, Rs 5,000-6,000 crore will be through offer-for-sale (OFS) by existing investors.
Only 0.07% stake of the founders will be for sale. Early investors like Peak XV, Y Combinator, Ribbit Capital and Tiger Global can sell their shares in this IPO. The founders' 20% stake will be locked-in for one and a half years after listing.
IPO timing
The Bengaluru-based brokerage company is expected to decide the IPO price range by mid-October and list in November.
Company Started Groww was started in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. All of them have previously worked in e-commerce company Flipkart. The founders hold a 26.64% stake in the company and will be listed as promoters.
Know about the financial performance of Groww In the first quarter of financial year 2026 (Q1FY26), Groww earned a net profit of Rs 378 crore. It is 11% more than last year. However, the income during this period was Rs 904 crore, which is 10% less than Rs 1,000 crore in the first quarter of last year. Due to SEBI's strict rules on F&O trading, the income and profits of most brokerage companies have come down by 20-30%. But Groww's performance was comparatively better. In the financial year 2025, the company's net profit increased three times to Rs 1,819 crore and income increased by 31% to Rs 4,056 crore. Groww has a net margin of 45% and contribution margin of 85% which is the highest in the industry.
What is the company's expansion plan Groww recently signed an agreement to acquire Fisdom to increase its wealth products offering. The company has also started commodity trading for select users. In the next few years, Grow plans to expand its Margin Trading Facility (MTF) lending product, which will lead to growth in income and profit.
Read More: The wait for Groww's IPO is now over, DRHP filed with SEBI, know the future plan
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