Groww IPO – Price Band, Financials, GMP & Listing Details

Groww, one of India's leading investment platforms under Nextbillion Technology Pvt. Ltd., is set to launch its Initial Public Offering (IPO) in 2025, aiming to capitalize on its massive user base and strong market presence. The IPO is generating significant buzz, with an estimated valuation of $6-8 billion. Here's a comprehensive overview of the upcoming IPO, including detailed guides on how to apply using various demat accounts.

About Groww

Founded in 2016 by former Flipkart employees, Groww started as a mutual fund investment platform and has since expanded into stocks, ETFs, fixed deposits, digital gold, and F&O trading. With over 35 million registered users and a 20%+ market share in retail broking, Groww has outpaced competitors like Zerodha. Backed by investors such as Tiger Global, Sequoia, and Y Combinator, Groww is a fintech unicorn valued at $3 billion in its last funding round in 2021.

Groww IPO Overview

• IPO Type: Book Built Issue (Fresh Issue + Offer for Sale)
• Estimated Issue Size: ₹6,000 crore (approx. $700 million)
• Price Band: ₹800–₹1,000 per share (tentative)
• Lot Size: To be announced
• Face Value: ₹1 per share
• Exchange: BSE & NSE
• Retail Quota: 35%
• QIB Quota: 50%
• HNI Quota: 15%

Groww IPO Schedule

Event	Date (Tentative)
IPO Opening Date	July 2025
IPO Closing Date	July 2025
Basis of Allotment	Last week of July 2025
Refunds Initiated	To be updated
Shares Credited to Demat	To be updated
IPO Listing Date	First week of August 2025

Financial Performance Snapshot

Particulars	FY23	FY24
Total Revenue (₹ crore)	1,277	2,000
Net Profit (₹ crore)	447	800 (est.)
Registered Users (in millions)	28	35
Assets Under Management (AUM)	₹35,000 crore	₹42,000 crore

Key Strengths

• Market Leadership: Over 35 million users and 20%+ market share in retail broking.
• Tech-Driven Platform: User-friendly interface with seamless digital onboarding.
• Diversified Offerings: Stocks, mutual funds, ETFs, digital gold, and F&O trading.
• Strong Backing: Supported by global investors like Tiger Global and Sequoia.
• Low-Cost Model: Competitive pricing with low customer acquisition costs.

Risk Factors

• Regulatory Risks: Recent SEBI violations (e.g., AML issues) may impact investor confidence.
• Competition: Intense rivalry from Zerodha, Upstox, Angel One, and Paytm Money.
• Valuation Concerns: High P/E ratio (~70x) may deter value investors.
• Profitability Pressure: Scaling costs may delay consistent profitability.

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Groww IPO is approximately ₹300 per share, indicating strong investor interest. GMP may fluctuate based on subscription levels. Check IPOGyan.in for real-time updates.

How to Check Allotment of Groww IPO

To check the allotment status of the Groww IPO, follow these steps:

1. Visit the registrar’s website, such as Link Intime India Pvt Ltd (registrar to be confirmed).
2. Select “Groww IPO” from the dropdown menu (available post-allotment).
3. Enter your PAN, Application Number, or DP Client ID.
4. Click “Submit” to view your allotment status.
5. Alternatively, check on BSE or NSE websites or your broker’s platform.

Allotment is expected to be finalized in the last week of July 2025. Notifications will be sent via email or SMS by your broker.

How to Apply for Groww IPO from Zerodha Kite

Zerodha Kite offers a seamless IPO application process using UPI or ASBA. Follow these steps to apply for the Groww IPO:

1. Log in to Zerodha Kite (app or web) using your credentials.
2. Navigate to “Portfolio” > “IPO” section.
3. Select “Groww IPO” from the list of ongoing IPOs.
4. Enter the number of lots, bid price (within the ₹800–₹1,000 price band), and your UPI ID.
5. Check the undertaking box and submit the application.
6. Approve the UPI mandate in your UPI app (e.g., Google Pay, BHIM) by 5 PM on the IPO closing date.
7. Funds will be blocked in your bank account until allotment.

Tip: Ensure your Zerodha account is linked to a bank account supporting ASBA and UPI. Check application status under “Bids” > “IPO.”

How to Apply for Groww IPO from Angel One

Angel One provides an easy IPO application process. Follow these steps to apply for the Groww IPO:

1. Log in to the Angel One app or website.
2. Navigate to the “IPO” section under “Trade” or “Invest”.
3. Select “Groww IPO” from the available IPOs.
4. Enter bid details (lot size, price within the price band) and your UPI ID.
5. Confirm the application and agree to the terms.
6. Approve the UPI mandate in your UPI app to block funds.
7. Track your application status in the “IPO Orders” section.

Tip: Apply at the cut-off price to increase allotment chances. Angel One sends allotment notifications via email or push notifications.

How to Apply for Groww IPO from Paytm Money

Paytm Money simplifies IPO applications with UPI integration. Follow these steps to apply for the Groww IPO:

1. Open the Paytm Money app and log in.
2. Navigate to the “IPO” tab on the homepage.
3. Select “Groww IPO” from the list.
4. Enter the number of lots and bid price (within ₹800–₹1,000).
5. Provide your UPI ID and submit the application.
6. Approve the UPI mandate in your UPI app to block funds.
7. Check application status under the “IPO” section.

Tip: Ensure your UPI ID is linked to the bank account mapped to your Paytm Money demat account. Refunds for unallotted shares are processed within 10 days.

How to Apply for Groww IPO from Upstox

Upstox provides an efficient platform for IPOKlein to apply for the Groww IPO. Follow these steps:

1. Log in to the Upstox app or website using your PIN or biometrics.
2. Go to the “Discover” tab and select “IPO”.
3. Choose “Groww IPO” from the ongoing IPOs list.
4. Enter the lot size, bid price (within the price band), and UPI ID.
5. Review the undertaking and submit the application.
6. Accept the UPI mandate in your UPI app by 5 PM on the closing date.
7. Monitor your application status under “My Applications” in the “IPO” section.

Tip: Check allotment status within one week of the IPO closing under “My Applications.” Shares are credited to your demat account the next working day if allotted.

How to Apply for Groww IPO from ICICI Direct

ICICI Direct allows easy IPO applications through its platform. Follow these steps to apply for the Groww IPO:

1. Log in to your ICICI Direct account via the website or app.
2. Navigate to “IPO” under the “Trade & Invest” section.
3. Select “Groww IPO” from the list of open IPOs.
4. Enter the number of lots and bid price (or select cut-off price).
5. Provide your UPI ID or choose ASBA for fund blocking.
6. Submit the application after reviewing details.
7. Approve the UPI mandate in your UPI app or confirm ASBA blocking.

Tip: ICICI Direct users with a 2-in-1 account can bid up to ₹5,00,000 under the HNI category. Check status under “IPO” > “Order Book.”

How to Apply for Groww IPO from HDFC Securities

HDFC Securities offers a robust platform for IPO investments. Follow these steps to apply for the Groww IPO:

1. Log in to your HDFC Securities account via the website or mobile app.
2. Go to “IPO” under the “Equity” or “Invest” section.
3. Select “Groww IPO” from the available IPOs.
4. Enter the lot size, bid price (within ₹800–₹1,000), and UPI ID.
5. Confirm the application and agree to the terms.
6. Approve the UPI mandate in your UPI app to block funds.
7. Track your application status under “IPO” > “Application Status.”

Tip: Ensure your HDFC bank account is linked for ASBA. HDFC Securities provides IPO alerts and prospectuses for research.

How to Apply for Groww IPO from Kotak Securities

Kotak Securities facilitates IPO applications with a streamlined process. Follow these steps to apply for the Groww IPO:

1. Log in to your Kotak Securities account via the website or app.
2. Navigate to “IPO” under the “Trade” or “Investments” tab.
3. Choose “Groww IPO” from the list of open IPOs.
4. Enter the number of lots, bid price, and UPI ID.
5. Submit the application after verifying details.
6. Approve the UPI mandate in your UPI app by the closing date.
7. Check application status under “IPO” > “Order Status.”

Tip: Link your Kotak bank account for seamless ASBA processing. Review the IPO prospectus on Kotak Securities for informed bidding.

How to Apply for Groww IPO from 5paisa

5paisa offers a simple IPO application process. Follow these steps to apply for the Groww IPO:

1. Log in to the 5paisa app or website.
2. Go to “IPO” under the “Trade” or “Invest” section.
3. Select “Groww IPO” from the ongoing IPOs.
4. Enter the lot size, bid price (within the price band), and UPI ID.
5. Confirm the application and accept the terms.
6. Approve the UPI mandate in your UPI app to block funds.
7. Monitor your application status under “IPO” > “Application History.”

Tip: 5paisa provides IPO research reports to help you make informed decisions. Ensure sufficient funds are available to avoid application rejection.

How to Get Allotment of Groww IPO (Tips to Improve Chances)

While IPO allotment is not guaranteed, these tips can enhance your chances:

• Apply Early: Submit your application on the first day to avoid technical glitches.
• Use Multiple Accounts: Apply through different family members’ demat accounts (one application per PAN). Note: Multiple applications with the same PAN will be rejected.
• Bid at Cut-off Price: Opt for the cut-off price to ensure eligibility across the price band.
• Ensure UPI/ASBA Compliance: Use a bank account supporting UPI/ASBA for smooth fund blocking.
• Verify Details: Double-check PAN, demat account, and UPI ID to prevent rejections.
• Apply for Retail Quota: Keep your bid value below ₹2,00,000 to qualify for the 35% retail quota.

Allotment depends on subscription levels, with retail investors having a 35% quota. Shares are credited to your demat account if allotted, and refunds are processed within 10 days for unallotted applications.

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Disclaimer: This article is meant for informational purposes only and not investment advice. Readers are advised to consult a financial advisor.