Introduction
India’s IPO market in 2025 is buzzing with excitement, and one of the most anticipated entries is the Groww IPO, expected to raise around ₹7,000 crore. With over 70 million users, Groww has emerged as one of India’s fastest-growing fintech platforms. The big question is: Will this IPO deliver jackpot-like returns, or repeat Paytm’s disappointment?
Table of Contents
| IPO Name | Issue Size | Industry | Exchanges | Target Audience |
|---|---|---|---|---|
| Groww IPO 2025 | ₹7,000 crore | Fintech (Investment Platform) | NSE, BSE | Retail & Institutional Investors |
What is Groww and Why is it Popular?
Founded in 2016 by former Flipkart employees, Groww has simplified investing for first-time investors. The platform offers mutual funds, stocks, ETFs, digital gold, US equities, and fixed deposits. Its simple design and low-cost model have made it extremely popular among Gen Z and millennials.
| Founded | Founders | Users (2025) | Current Valuation | Services |
|---|---|---|---|---|
| 2016 | Lalit Keshre, Harsh Jain, Ishan Bansal, Neeraj Singh | 70M+ | $7B+ | MF, Stocks, ETFs, Gold, US Equities, FDs |
Key Details of Groww IPO 2025
The IPO aims to raise ₹7,000 crore through a mix of Fresh Issue + Offer for Sale (OFS). The funds will be used for technology upgrades, compliance, and strengthening its brand presence.
| Detail | Information |
|---|---|
| IPO Size | ₹7,000 crore |
| Type | Fresh Issue + Offer for Sale |
| Price Band | To be announced |
| Lead Managers | Kotak, Morgan Stanley, Axis Capital |
| Utilization of Proceeds | Technology, compliance, marketing |
Why are Investors Excited?
India’s fintech sector is booming and expected to reach $150 billion by 2025. Groww’s strong venture capital backing, expanding user base, and dominance among young investors make it one of the most awaited IPOs of the year.
| Factor | Data |
|---|---|
| Fintech Market Size (2025 est.) | $150 billion |
| Groww User Base | 70M+ |
| VC Backers | Sequoia, Tiger Global, Ribbit Capital |
| Key Audience | Millennials & Gen Z |
Risks Before Applying
Despite the hype, Groww faces challenges. It is still loss-making, operates under tight regulatory supervision, and faces intense competition from players like Zerodha, Upstox, and AngelOne.
| Risk Factor | Explanation |
|---|---|
| Profitability | Not yet profitable |
| Regulation | SEBI/RBI rules tightening |
| Competition | Zerodha, Upstox, AngelOne |
| Valuation | Expensive compared to earnings |
Expert Opinions
Analysts remain divided on the IPO. Some believe Groww could become India’s Robinhood, while others fear an overhyped debut like Paytm.
| Expert | Opinion |
|---|---|
| ICICI Securities | Suitable for long-term, risky for quick listing gains |
| Motilal Oswal | Valuations are overstretched |
| Kotak Institutional | High-growth but high-risk |
Listing Gain Potential – Jackpot or Hype?
IPO history offers mixed signals. Nykaa rewarded investors with 89% gains on listing, while Paytm fell 27% on debut. Groww’s debut will depend heavily on demand from institutional investors and Grey Market Premium (GMP).
| IPO | Issue Size | Listing Day Gain/Loss | Current Status |
|---|---|---|---|
| Paytm (2021) | ₹18,300 Cr | -27% | Below IPO price |
| Nykaa (2021) | ₹5,350 Cr | +89% | Profitable but volatile |
| Zomato (2021) | ₹9,375 Cr | +53% | Stable performer |
| Groww (2025 est.) | ₹7,000 Cr | TBD | TBD |
Should Retail Investors Apply?
The decision depends on your investor profile.
| Investor Type | Suggested Strategy |
|---|---|
| Short-term Trader | Apply only if GMP is strong |
| Long-term Investor | Suitable for India’s fintech growth story |
| Conservative Investor | Better to avoid |
Groww IPO 2025
| Question | Answer |
|---|---|
| IPO Opening Date | Expected Q4 2025 |
| Price Band | Yet to be announced |
| Minimum Lot Size | To be announced |
| Listing Exchanges | NSE & BSE |
| GMP Expected? | To be updated near launch |
| Profitability? | Still loss-making |
Day 1 Outlook (Launch Day)
On launch day, IPO performance will depend on subscription levels and GMP activity. Strong demand from QIBs (Qualified Institutional Buyers) could push up listing gains.
| Day | Subscription Trend | GMP |
|---|---|---|
| Day 1 | Retail-driven | Weak |
| Day 2 | QIB entry | Moderate |
| Day 3 | Oversubscription expected | Strong |
1–3 Month Outlook
The first 90 days after listing are usually volatile. The stock’s short-term performance will depend on FII/DII inflows and earnings updates.
| IPO | 1-Month Performance | 3-Month Performance |
|---|---|---|
| Paytm | -20% | -38% |
| Nykaa | +65% | +48% |
| Zomato | +40% | +25% |
| Groww (Est.) | TBD | TBD |
6–12 Month Outlook
Over the first year, investors will focus on Groww’s revenue growth, customer acquisition, and progress toward profitability.
| Timeline | Key Driver | Outcome |
|---|---|---|
| 3–6 Months | User growth | Strong |
| 6–12 Months | Profitability roadmap | Moderate |
| 12 Months | Competitive impact | High |
Long-Term Future (3–5 Years)
Groww has the potential to become a comprehensive financial ecosystem by expanding into lending, insurance, and wealth management.
| Year | Focus Area | Expected Growth |
|---|---|---|
| 2026 | Lending services | Moderate |
| 2027 | Insurance products | Strong |
| 2028–29 | Wealth Advisory | Strong |
| 2030 | Full fintech ecosystem | Very Strong |
Ultra-Long Future (5–10 Years)
The long-term story depends on whether Groww can evolve into a global fintech leader or remain just another Indian startup.
| Scenario | Users (2030) | Revenue CAGR | Market Position |
|---|---|---|---|
| Best Case | 200M+ | 25% | Global Leader |
| Base Case | 120M+ | 15% | Top Indian Fintech |
| Worst Case | 70–80M | 5% | Struggler |
Conclusion
The Groww IPO offers both opportunity and risk. While it could turn into a multi-bagger in the long run, short-term volatility and profitability challenges remain key risks. Retail investors should weigh their risk appetite before subscribing.
| Verdict | Takeaway |
|---|---|
| Aggressive Investor | Apply confidently |
| Long-Term Investor | Apply partially |
| Conservative Investor | Avoid |