Overview
- The offer comprises a Rs 1,060 crore fresh issue and a Rs 5,572 crore offer for sale, with allocations of 75% to QIBs, 15% to NIIs and 10% to retail investors.
- Bidding runs Nov. 4–7 with a minimum lot of 150 shares (about Rs 15,000 at the top end), allotment is slated for Nov. 10 and listing is planned for Nov. 12 as per notices, though some reports cite Nov. 14.
- Use of proceeds includes about Rs 225 crore for brand and performance marketing, Rs 205 crore to the NBFC arm, Rs 167.5 crore to fund the MTF business and Rs 152.5 crore for cloud infrastructure, with the balance for acquisitions and general corporate purposes.
- Groww reports FY25 revenue of roughly Rs 4,056–4,062 crore and net profit of about Rs 1,819–1,824 crore, and leads India’s retail broking market with around 1.19 crore active clients (~26% share).
- Market signals show a modest grey market premium near Rs 10 and dealers report pre-IPO unlisted shares corrected about 20%, while Nuvama estimates a 5% F&O order decline would trim Groww’s revenue by roughly 2.5%.