Groww secures SEBI nod for IPO, eyes $7-8 billion valuation

Billionbrains Garage Ventures, the parent of stockbroking platform groww, has received SEBI’s approval to launch an IPO. 

The company aims to raise $700 million–$1 billion, according to industry sources.

With this IPO, the investment platform could be valued at around $7 billion, sources said.

Read also- Elevation Capital launches $400 million late-stage fund to back IPO-bound startups

Groww’s parent, Billionbrains Garage Ventures, plans an IPO with both fresh equity shares and an offer for sale (OFS).

The company filed its draft prospectus with SEBI in May via the confidential pre-filing route. Backed by investors like Peak XV, Tiger Global, and Satya Nadella, Groww will use the IPO proceeds to boost technology and expand its business.

JP Morgan, Kotak Mahindra, Citigroup, Axis Capital, and Motilal Oswal are managing the issue.

Advertisment

Founded in 2016, Groww is now India’s largest stockbroker, with 12.3M+ active clients and a 26% market share as of August 2025.

As per ROC filings, Groww reported ₹4,056 crore in revenue and ₹1,818 crore in profit for FY25.

In May, Singapore’s sovereign wealth fund GIC applied to CCI for approval to buy a 2.14% stake in Billionbrains Garage Ventures.

The company has chosen the confidential pre-filing route for its IPO, which lets firms keep DRHP details private until later stages—a method increasingly used by Indian companies for more flexibility in IPO planning.

Advertisment