Groww Files revised DRHP for Rs 7,000 Cr IPO with SEBI

Digital investment platform groww has filed a revised draft prospectus with SEBI for its upcoming ₹7,000 crore IPO.

The IPO will include a fresh issue of ₹1,060 crore and an offer for sale of 574 million shares worth about ₹5,000–6,000 crore.

Investors like Peak XV Partners, Y Combinator, Ribbit Capital, Tiger Global, and Kauffman Fellows Fund will take part in the OFS. The founders—Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal—who together own 27.96% of the company, will each sell 1 million shares.

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Groww got SEBI’s approval for its IPO last month after filing draft papers in May.

The IPO will be managed by Kotak Mahindra Capital, JP Morgan India, Citigroup Global Markets India, Axis Capital and Motilal Oswal Investment Advisors.

Groww will use the IPO funds to upgrade cloud infrastructure, build its brand, invest in subsidiaries, make acquisitions, and cover general expenses.

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As per the draft prospectus, Peak XV is the largest external investor with 21.73%, followed by YC Holding (12.05%). Ribbit Capital and Tiger Global also hold significant stakes, while co-founders Keshre, Jain, and Singh own 9.13%, 6.72% and 6.26%, respectively.

Groww posted a net profit of ₹1,824 crore in FY25 and ₹378 crore in Q1 FY26, up 11% year-on-year. Its FY25 revenue grew 31% to ₹4,056 crore.

Recently, the company expanded into wealth management, margin trading, commodities, and loans against shares, which it sees as key growth drivers.

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