Groww IPO opens Nov 4: Analysts offer mixed views; should you apply?

Groww IPO comprises combination of fresh issue of 106 million equity shares and an offer for sale (OFS) of 55.2 million equity shares

Groww IPO: Billionbrains Garage Ventures, the parent company of the Indian online investment platform Groww, is set to launch its initial public offering (IPO) on Tuesday, November 4, 2025. The company aims to raise ₹6,632.3 crore from its maiden public issue. The mainline offering comprises combination of fresh issue of 106 million equity shares and an offer for sale (OFS) of 55.2 million equity shares.   

Under the OFS, investors Peak VI Partners Investments, YC Holdings II, Ribbit Capital V, GW-E Ribbit Opportunity V, Internet Fund VI, Kauffman Fellows Fund, Alkeon Innovation Master Fund, Propel Venture Partners and Sequoia Capital Global Growth Fund III will sell a part of their holdings

The company has reserved not more than 75 per cent of the issue for Qualified Institutional Buyers (QIBs), not less than 15 per cent for Non-Institutional Investors (NIIs), and not less than 10 per cent for retail investors.

Groww IPO GMP

On Monday, November 3, 2025, the unlisted shares of Groww were trading at ₹114.5, up ₹14.5 or 14.5 per cent compared to the issue price of ₹100 per share, according to sources tracking unofficial markets.

Groww IPO: Here’s what the brokerages suggest

According to analysts, the company has demonstrated strong and consistent retention in the first quarter following customer acquisition, with rates ranging between 84.8 per cent and 92.9 per cent across cohorts from Fiscal 2022 to March 31, 2025. Groww has developed most of its technology in-house, enabling the company to deliver a seamless and superior experience to its customers.