Groww IPO GMP Today Stands At 4% Ahead of Listing Day- Check Price Band, Dates & Key Details
Groww IPO GMP Today: India’s digital investing space is gearing up for a landmark event as Billionbrains Garage Ventures Ltd (Groww) heads for its much-awaited IPO listing. With a Groww IPO GMP today, on November 11, eased down to 4% despite the issue drawing keen interest from both retail and institutional investors.
The Groww IPO founders stake is already making headlines, as the four co-founders hold equity valued at over ₹16,000 crore at the upper price band. Let’s dive into more details in this artilce.
What Is the Groww IPO GMP Today and Expected Listing Price?
As of November 10, 2025, the Groww IPO GMP today stood at ₹4, indicating a mild 4% listing gain. This places the expected listing price around ₹111 per share based on the upper price band.
| Date | IPO GMP | GMP Trend | Estimated Gain |
|---|---|---|---|
| 11 Nov | ₹4 | GMP Softening | 4% |
| 10 Nov | ₹5 | GMP Trending Steady | 5% |
| 8 Nov | ₹5 | GMP Softening | 5% |
| 7 Nov | ₹11 | GMP Softening | 11% |
| 6 Nov | ₹14.75 | GMP Trending Steady | 14.75% |
| 5 Nov | ₹14 | GMP Softening | 14% |
Interpretation:
Groww IPO GMP today eases down to 4% after which signals, amounting ₹4 as premium over upper price band of ₹100.
While GMPs are unofficial and fluctuate until listing, the premium reflects steady investor enthusiasm in the unlisted market, particularly among retail and HNI investors.
What Are the IPO Key Details of Groww?
Here are the essential facts of the offering for investor reference:
| Particulars | Details |
|---|---|
| IPO Open Date | November 4, 2025 |
| IPO Close Date | November 7, 2025 |
| Price Band | ₹95 – ₹100 per equity share (face value ₹2) |
| Total Issue Size | ~₹6,632.30 crore (fresh + OFS) |
| Fresh Issue | ~₹1,060 crore |
| Offer for Sale (OFS) | ~₹5,572.30 crore (≈55.72 crore shares) |
| Lot Size (Retail) | 150 shares (min investment ~₹15,000 at upper band) |
| Reservation for Categories | QIBs: ≥75 %, NIIs: ≤15 %, Retail: ≤10 % |
| Basis of Allotment | Expected November 10, 2025 |
| Expected Listing Date | Approx. November 12, 2025 on BSE & NSE |
| Lead/Book-Running Managers | Kotak Mahindra Capital, JP Morgan India, Citigroup Global Markets, Axis Capital, Motilal Oswal Investment Advisors |
| Registrar | MUFG Intime India Pvt. Ltd. |
How Valuable Is the Founders’ Stake in Groww?
The founders of Groww — Lalit Keshre (CEO), Harsh Jain (COO), Neeraj Singh (CTO) and Ishan Bansal (CFO) — collectively hold 163.16 crore shares, representing ~26.64 % of fully diluted equity. Using the top end price band of ₹100 per share, their stake is valued at ~₹16,315.6 crore.
| Founder | Role | Shares held (crore) | Value at ₹100/share (₹ crore) |
|---|---|---|---|
| Lalit Keshre | CEO | 55.90 | 5,590.6 |
| Harsh Jain | COO | 41.15 | 4,115.8 |
| Neeraj Singh | CTO | 38.32 | 3,831.9 |
| Ishan Bansal | CFO | 27.77 | 2,777.1 |
| Total | — | 163.16 | 16,315.6 |
This underscores the massive paper wealth created within less than a decade for a startup founded in 2016-17.
What Are Groww’s Financials, Key Ratios & Peer Comparison?
Financial Snapshot
Groww has shown rapid growth and a sharp turnaround in FY25 (year ended March 31, 2025). According to filings:
| Period | Revenue from Operations (₹ crore) | Net Profit After Tax (₹ crore) |
|---|---|---|
| FY24 | ~₹2,609.3 crore | Loss ≈₹805.5 crore |
| FY25 | ~₹3,901.7 crore | ~₹1,824.4 crore |
| Q1 FY26 | ~₹904.3 crore | ~₹378 crore |
Key Ratios & Metrics
- Basic EPS: ₹3.34 per share for FY25.
- Return on Net Worth (RoNW): ~37.57 % for FY25.
- NAV per share: ₹8.89.
- Implied P/E in unlisted context: ~33-37x.
Peer Comparison
Here’s how Groww stacks up against some listed peers in the brokerage/fintech space:
| Company | Revenue (₹ crore) | EPS (₹) | RoNW (%) | NAV per share (₹) |
|---|---|---|---|---|
| Groww | ~3,901.7 | 3.34 | 37.57 | 8.89 |
| Angel One Ltd | ~5,238.4 | 130.05 | 20.85 | 623.72 |
| Motilal Oswal Financial Services Ltd | ~8,339.1 | 41.83 | 22.64 | 185.24 |
(Note: While Groww’s revenue base is smaller, its higher RoNW and rapid growth profile help justify a premium multiple.)
How Will Groww Use the IPO Proceeds?
Raised funds are earmarked for growth, technology, and product diversification. As per the DRHP:
| Purpose | Utilisation (₹ crore) |
|---|---|
| Cloud infrastructure & data management | ₹152.50 |
| Brand building & performance marketing | ₹225.00 |
| Capital base of NBFC subsidiary (GCS) | ₹205.00 |
| Funding margin trading facility (MTF) business (GIT) | ₹167.50 |
| Inorganic growth & general corporate purposes | Balance of fresh issue proceeds |
This use-case mix shows Groww’s intention to strengthen its backbone and widen its financial services offer, not just rest on its brokerage roots.
Why Does Groww IPO Stand Out? What Should Investors Know?
What Makes It Unique?
- Groww is digital-first and retail-investor centric; it has built a strong user base among young and first-time investors, especially outside metro cities.
- It has achieved profitability, a rarity among large fintech IPOs, which adds to its credibility for Indian retail investors.
- The company has diversified beyond brokerage into deposits, credit, algorithmic trading tools and NBFC activities, aligning with the broader wealth-tech wave in India.
Key Considerations & Risks
- Business still faces regulatory headwinds particularly in derivative (F&O) and margin trading areas.
- Much of the issue (OFS) is for early-investor exits rather than fresh equity growth; this may affect new investor sentiment.
- While growth is strong, competition is intense (from brokers like Zerodha, Upstox, Angel One) and margins may fluctuate with market cycles.
Final Takeaway for Indian Investors
For long-term investors betting on India’s digital wealth revolution- the Groww IPO offers a promising play on India’s digital wealth boom, especially among millennials. Yet, high valuations and regulatory risks call for cautious optimism amid market volatility.
Bottom line: If you’re comfortable with fintech risk and have a time horizon of 3-5 years, Groww could be a strong play. But if you’re strictly seeking short-term listing gain, carefully weigh the Groww IPO GMP today (~15 %) and ensure allocation size aligns with your risk profile.
Groww IPO Frequently Asked Questions (FAQs)
1. When will the Groww IPO open and close?
Ans: Groww IPO opens on November 4, 2025, and closes on November 7, 2025.
2. What is the Groww IPO price band?
Ans: The price band is set between ₹95–₹100 per share.
3. What is the lot size for Groww IPO?
Ans: The lot size is 150 shares, requiring a minimum investment of ₹15,000.
4. What is the Groww IPO GMP today?
Ans: The Groww IPO GMP today is ₹4 indicating an estimated 4% listing gain.
5. What is the total issue size of Groww IPO?
Ans: The IPO is valued at ₹6,632.30 crore, including ₹1,060 crore fresh issue and ₹5,572.30 crore OFS.
6. Who are the lead managers and registrar?
Ans: Kotak Mahindra Capital is the lead manager, and MUFG Intime India is the registrar.
7. How will Groww use the IPO proceeds?
Ans: Funds will go toward cloud expansion, marketing, NBFC capital, MTF business, and future acquisitions.
8. What is the valuation of the founders’ stake?
Ans: Founders’ combined stake is worth ₹16,315.6 crore at the upper price band.
9. Who are the major investors selling shares?
Ans: Major investors include Peak XV Partners, Y Combinator, Ribbit Capital, Tiger Global, and Kauffman Fellows Fund.
10. When will Groww IPO list on exchanges?
Ans: Shares will list on November 12, 2025, on both NSE and BSE.
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Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
