Groww Company and IPO Details

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Groww Company and IPO Details

Registrationwala

Last Updated on November 3, 2025

In 2025, Groww is one of the top 10 stock brokers in India. The company runs a platform where investors can invest in mutual funds, IPOs, ETFs, stocks and F&Os. The company will open its IPO for subscription on 4 November 2025. In this blog post, we shall discuss Groww Company and IPO Details.

What is Groww Company?

Groww is a leading fintech company in India. It acts as an investment platform with a user-friendly interface. It offers a wide range of financial products like stocks, ETFs, F&Os and stocks. In addition to this, the platform also offers ancillary services like margin trading facility and personal loans. All these services are accessible through Groww mobile app and website. Groww headquarters is located at Vaishnavi Tech Park in Bellandur, Bengaluru, Karnataka.

The company operates via several subsidiaries like Groww Invest Tech Private Limited, Groww Creditserv Technology Private Limited, and Groww Asset Management Limited among others. These subsidiaries support the company's core business areas of investment services, credit solutions, asset management and insurance broking. 

Groww was founded in 2016 by four co-founders - Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh. They were Flipkart employees who decided to quit their jobs to start a venture that would make investing in financial products easy for all.  

All the founders of the company have significant experience when it comes to building and scaling products in India. They continue to hold key positions at Groww, including CEO, COO, CFO and CTO to assure strategic continuity in operations and fulfillment of a founder-led vision.

Strengths & Financial Details of Groww Platform

Groww is one of the largest and fastest growing digital investment platforms in India. Its no. of active clients on the National Stock Exchange increased more than double as it rose from 5.37 million in FY23 to 12.92 million in FY25. This rapid expansion led to an increase in the company’s market share among active clients from 15.09% to 26.26% during the same period. This reinforced the company’s leadership position.

The company has showcased strong financial growth as well as a major turnaround to profitability. Its operations revenue grew at a CAGR of 84.88% from Rs. 1,141.53 Crores in FY23 to Rs. 3,901.72 Crores in FY25. After incurring a net loss of Rs. 804.94 Crores in FY24, the company reported a whopping profit after tax of Rs. 1,824.37 Crores in FY25.

The platform of Groww has a high customer retention as well as engagement. The platform has a three-year avg retention rate of 77.70% for its active user cohorts. This engagement is further shown by a daily active user to monthly active user (DAU/MAU) ratio of 56.29% in FY25. This data points towards strong daily user activity and platform stickiness.

Founders of Groww

Here are the details of Groww Founders:

1. Lalit Keshre

Lalit Keshre

Here are the details of Lalit Keshre - one of the prominent Groww cofounders:

S. No.

Category

Details

1

Name

Lalit Keshra

2

Current Position

Groww CEO & Co-Founder

3

Role

Oversees all aspects of the business, predominantly the product as well as customer experience at Groww.

4

Previous Experience

  • Senior Product Management role at Flipkart

  • Launched and led Flipkart Quick

  • Helped launch Flipkart Marketplace

  • Founder of Eduflix - an online learning platform

  • Early team member at Ittiam Systems

5

Education

Alumnus of IIT Bombay. He studied Electrical Engineering, Microelectronics there. 

2. Harsh Jain

Harsh Jain

Here are the details of Groww cofounder Harsh Jain:

S. No.

Category

Details

1

Name

Harsh Jain

2

Current Position

Groww COO & Co-Founder 

3

Role 

He heads Growth and Business at Groww. 

4

Previous Work Experience

  • Part of the product management team at Flipkart

  • Co-founder of a story-telling start-up

5

Education Qualification

  • B.Tech in Electrical Engineering from IIT Delhi

  • Masters in Information and Communication Engineering from IIT Delhi

  • MBA in Product Management and Marketing from UCLA School of Management

3. Ishan Bansal

Ishan Bansal

The details of Ishan Bansal, Groww cofounder, are provided below:

S. No.

Category

Details

1

Name

Ishan Bansal

2

Current Position

Groww CFO and Co-Founder

3

Role 

As the CFO of Groww Company, Ishan Bansal heads Finance.

4

Previous Work Experience

  • Worked at Flipkart in corporate development domain

  • Handled corporate development and Mergers & Acquisitions at Naspers

6

Education Details

  • BITS Pilani Graduate

  • MBA in Finance from XLRI, Jamshedpur

  • CFA Charter Holder

4. Neeraj Singh

Neeraj Singh

Here are the Groww cofounder Neeraj Singh’s details:

S. No.

Category

Details

1

Name

Neeraj Singh

2

Current Position

Groww CTO and Co-Founder

3

Role 

As the CTO of Groww Company, Neeraj Singh heads product development and customer research.

4

Previous Work Experience

  • Worked at Flipkart as an Engineering Manager

  • Built Flipkart customer returns and refund system

6

Education Details

  • BE degree in Information Technology from ITM, Gwalior

  • PG Diploma in Advanced Computing from CDAC

 

Groww IPO Details

Here are the Groww IPO Details:

S. No.

Category

Details

1

Groww Company IPO Type

100% Book-Built issue of Rs. 6,632.30 crore.

2

Fresh Issue

Up to Rs. 1,060.00 crore equity shares

3

Offer for Sale (OFS)

Up to Rs. 5,572.30 crore of shares.

4

IPO Dates

Groww IPO Apply dates: 4 November to 7 November

Groww IPO Allotment date: 10 November

Groww IPO Refund date: 11 November

Groww IPO listing date: 12 November 

5

Groww IPO Price Band & Minimum Lot Size

The price band is Rs. 95 - 100 per share. Minimum lot size is 150.

6

Groww Registrar

MUFG Intime India Private Limited

7

Groww Book Running Managers 

Kotak Mahindra Capital Company Limited

J.P. Morgan India Private Limited

Citigroup Global Markets India Private Limited

Axis Capital Limited

 Motilal Oswal Investment Advisors Limited

 

Groww’s IPO is set to raise a total of Rs. 6,632.30 crore through a book-built issue. This includes a fresh issue of shares worth Rs. 1,060.00 crore and an offer for sale of Rs. 5,572.30 crore by existing investor shareholders. The price band for the IPO has been fixed between Rs. 95 and Rs. 100 per share.

On 4 November 2025, the bidding window for the Groww company IPO will open for public subscription. The deadline for Groww company IPO is 7 November. After the deadline, investors won’t be able to bid for this IPO. 

The basis of allotment for the IPO is expected to be finalized by 10 November. Tentatively, the company’s shares are scheduled to be listed on both the BSE and NSE on 12 November 2025.

Groww IPO registrar is MUFG Intime India Private Limited. The book-running managers to the issue are Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited and Motilal Oswal Investment Advisors Limited.

Conclusion

Groww is one of the best investment platforms in India. It was launched in 2016 and since then, has gained popularity among the investors due to its user-friendly interface. Using Groww website or mobile application, users can invest in mutual funds, stocks, ETFs, etc. The Groww Company plans to open its IPO for subscription on 4 November 2025. The tentative listing of this IPO is 12 November 2025.

Want to launch an IPO for your company? Connect with Registrationwala’s IPO consultants for professional guidance!

Disclaimer: We have tried our best to provide accurate and up-to-date information in this article. However, we cannot guarantee the information’s completeness/accuracy. This content is meant for informational purposes only and should not be considered by any individual as a financial advice. Please do your own research or consult a professional before reaching to any investment decisions. We are not responsible for any losses you may incur. Invest at your own risk.

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Frequently Asked Questions (FAQs)

Q1. What is Groww IPO date?

A. The date for IPO of Groww is 4 November 2025. On this day, the IPO will open for subscription. 

Q2. What is Groww IPO allotment date?

A. The allotment date for this IPO is 10 November 2025.

Q3. Who is Groww IPO registrar?

A.  MUFG Intime India Private Limited is the registrar for the IPO of Groww Company.

Q4. Who are Groww Company IPO’s book-running managers?

A. They are Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited and Motilal Oswal Investment Advisors Limited.

Q5. When did Groww file its DHRP?

A. Groww filed its initial confidential DHRP in May 2025. Then, the company submitted an updated DRHP in September 2025 upon receiving SEBI approval in August 2025.

Q6. What is Groww IPO allotment status?

A. As of now, this IPO has not been allotted yet. The allotment date is 10 November, so wait until then. 

Q7. What is Groww IPO price band?

A. Its price band is between Rs. 95 - 100 per share.

Q8. What is the parent company of Groww?

A. Groww’s parent company is Billionbrains Garage Ventures Limited.

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