Overview

• The offering is estimated at $700 million to $1 billion through a mix of new shares and an offer for sale, according to industry reports.
• Coverage points to a valuation around $7 billion, with some reports indicating a potential target of $8–$9 billion.
• Groww filed via SEBI’s confidential pre‑filing route in May, and the approval notice had not appeared on SEBI’s website at the time of reporting.
• JP Morgan India, Kotak Mahindra Capital, Citigroup, Axis Capital and Motilal Oswal are appointed as lead managers as a Q4 2025 debut is targeted and proceeds are earmarked for technology and expansion.
• FY25 filings show revenue of ₹4,056 crore and profit after tax of ₹1,818 crore, with the platform reporting about 12.3 million active clients and roughly 26% market share.