Overview

• The updated filing proposes a ₹1,060 crore new share sale and a 57.4 crore‑share OFS, with some reports estimating secondary proceeds at ₹5,000–6,000 crore.
• Early backers including Peak XV, Tiger Global, Ribbit Capital and Y Combinator are among the sellers, while each cofounder plans to offload 10 lakh shares from a combined 27.97% stake.
• The company is aiming for a November debut at a valuation reported in the $7–9 billion range, which would likely make it India’s largest listed brokerage by market value.
• JPMorgan, Kotak Mahindra, Citigroup, Axis Bank and Motilal Oswal are advising the offering.
• Groww posted FY25 net profit of ₹1,824.4 crore with operating revenue up about 50% to ₹3,901.7 crore, and it had roughly 1.2–1.3 crore NSE clients for about a 26% share.