Company Overview
Groww, the digital investment platform owned by Billionbrains Garage Ventures, is India's leading fintech company serving over 12.6 million active customers with a market share exceeding 26% as of June 2025. Founded in 2016, Groww offers a comprehensive suite of investment products including stocks, mutual funds, futures & options, and loans. The company commands 98% geographic penetration across Indian pin codes and manages ₹2.6 lakh crore in Assets Under Management (AUM).
Offer Details
| Category | Amount (₹ Cr) | Shares (Cr) | Allocation % |
|---|---|---|---|
| Fresh Issue | 1,060 | 10.6-11.16 | 16% |
| Offer for Sale (OFS) | 5,572.30 | 55.72 | 84% |
| Total | 6,632 | 66.32-66.88 | 100% |
IPO Subscription Status
Why Invest in Groww?
- Market leader with 12.6M+ active users and 26% market share in digital broking
- Diversified revenue streams: stocks, mutual funds, F&O, lending, and asset management
- Strong backing from elite investors: Peak XV, Tiger Capital, and Microsoft CEO Satya Nadella
- Estimated valuation exceeding ₹61,700 crore (~$7 billion) at IPO price band
- 98% geographic penetration reaching nearly all Indian pin codes
- CapEx allocation: ₹225Cr for brand marketing, ₹205Cr for NBFC expansion, ₹167.5Cr for margin trading infrastructure
Disclaimer: All information provided on this page is for educational purposes only and should not be considered as financial advice.
Financial Summary
| Metric | H1 FY26 (Mar 2025) |
|---|---|
| Income from Operations | ₹904.40 Cr |
| Consolidated Net Profit | ₹378.99 Cr |
| Net Profit Margin | 41.92% |
| Assets Under Management (AUM) | ₹2.6 Lakh Cr |
Valuation & Key Metrics
| Metric | Value |
|---|---|
| Estimated Market Cap (Upper Band) | ₹61,700+ Cr |
| Active Users | 12.6 Million |
| Market Share in Digital Broking | 26%+ (as of June 2025) |
| Geographic Penetration | 98% of Indian Pin Codes |
| Anchor Investment Raised | ₹2,984.53 Cr |
Fund Utilization from Fresh Issue
| Purpose | Amount (₹ Cr) | % of Fresh Issue |
|---|---|---|
| Brand Development & Marketing | 225 | 21.2% |
| NBFC Capital (Groww Creditserv) | 205 | 19.3% |
| Margin Trading Infrastructure (GIT) | 167.5 | 15.8% |
| Cloud Infrastructure | 152.5 | 14.4% |
| Inorganic Growth & General Corporate | 310 | 29.2% |
Investment Thesis
Groww represents the fastest-growing digital investment platform in India, leveraging technology to democratize investing for millions. The company's exceptional profitability metrics (41.92% net margin) demonstrate the strength of its business model. With strong backing from global investors like Peak XV and Tiger Capital, combined with operational excellence, Groww is well-positioned to capture further market share in India's burgeoning fintech ecosystem.
The strategic capital allocation plan—with significant investments in brand building, NBFC expansion, and infrastructure—indicates management's commitment to long-term growth while maintaining profitability. The diversified product portfolio including stocks, mutual funds, F&O, and lending positions Groww as a one-stop investment platform.
Key Strengths
- Dominant market position with 26%+ market share in digital broking
- Exceptional profitability with 41.92% net profit margins
- Largest user base among fintech platforms with 12.6M active users
- Diversified revenue streams reducing concentration risk
- Strong institutional backing from prominent global investors
- Geographic penetration reaching 98% of Indian pin codes
Risk Factors
- High competition from established brokers and emerging fintech platforms
- Regulatory changes in securities market and lending sectors
- Market volatility affecting trading volumes and user engagement
- Tech infrastructure risks and cybersecurity threats
- Execution risk in NBFC expansion and international growth plans
Leadership Team
Lalit Keshre - Founder & CEO
Visionary entrepreneur who founded Groww in 2016. Led the platform to become India's market leader in digital investing with strategic product development and user-centric innovation.
Board Investors
Peak XV (formerly Sequoia Capital), Tiger Capital, and Microsoft CEO Satya Nadella represent the caliber of institutional support backing Groww's vision.
Subsidiaries & Business Divisions
- Groww Invest Tech Pvt Ltd (GIT) - Margin trading and derivatives platform
- Groww Creditserv Technology Pvt Ltd (GCS) - NBFC operations for lending
- Groww Asset Management Company (Groww AMC) - Mutual fund distribution