Groww IPO: Details from the DRHP
Published on 17/09/2025 08:36 AM
Groww IPO: Details from the DRHPThe Mumbai-based discount broking platform had total subscriber base is at 13.03 million as of March 2025.By CNBCTV18.com September 17, 2025, 8:36:51 AM IST (Updated)1 Min ReadOnline brokerage firm Groww has filed an updated draft red herring prospectus with the market regulator Sebi for an initial public offering (IPO) of ₹7000 crore, down from the initially planned of ₹8,300 crore.
The online broking platform, founded in 2017 by former Flipkart employees, seeks a $9 billion valuation.
The IPO will have a fresh issue of ₹1,060 crore and along with this, promoters and early investors will sell shares worth about ₹5,000-6,000 crore.
Grow’s founders, Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal, hold about 28% stake in the company, but they will sell a very small stake (0.07%) in this IPO.Continue ReadingFirst Published: Sept 17, 2025 8:36 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIPO