Groww, India’s fastest-growing retail broking platform, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), aiming to raise $700 million to $1 billion through an initial public offering (IPO).
Key IPO Details:
- IPO Size: Estimated between $700 million and $1 billion
- Filing Route: Confidential pre-filing under SEBI’s Regulation 59C (5)
- Listing Exchanges: NSE & BSE
- Company Entity: Billionbrains Garage Ventures Ltd (Groww’s registered corporate entity)
Strategic Growth & Market Positioning
Groww has rapidly expanded its market share, growing from 23.28% in March 2024 to 26.26% in March 2025, with an active client base of 1.29 crore. The company plans to use IPO proceeds for technology development and business expansion, reinforcing its leadership in India’s fintech sector.
Pre-IPO Funding & Valuation
Ahead of the listing, Singapore’s sovereign wealth fund GIC has sought approval to acquire a 2.14% stake in Groww through Viggo Investments, as part of a $250–$300 million pre-IPO round. This round could double Groww’s valuation to $7 billion, compared to its $3 billion valuation in 2021.
Leadership Insights & Future Outlook
Founded in 2016, Groww is backed by Tiger Global, Peak XV, Ribbit Capital, and Microsoft CEO Satya Nadella. The company has emerged as India’s leading brokerage platform, attracting first-time investors from Tier II, III, and IV cities.
With strong investor interest and aggressive expansion plans, Groww’s IPO is expected to generate significant market traction, reinforcing its dominance in India’s digital investment ecosystem.
