Growww IPO: Groww, one of the country’s largest broking platforms, has applied for an IPO of Rs 6,000 to 7,000 crore near SEBI on 16 September. The updated draft filed to the market regulator has received information from the updated Draft Red Herring Prospectus (DRHP) that the founder company of Grow is planning to sell 0.07 percent stake in the company.

Grow was founded in the year 2016 by Harsh Jain, Lalit Keshare, Ishaan Bansal and Neeraj Singh. These four jointly hold 27.77 percent stake in the company and will be classified as a promoter. Significantly, all these founding members have been former employees of e-commerce company Flipkart.

Special things about grrow

Currently, the promoters are about 27.97 percent stake in Grow. During the IPO, promoters will sell only 0.07 percent of the total shares. The company said that by 30 June 2025 its number of transactive users was about 18 crores.

New shares worth Rs 1,60 crore will be issued in Grow’s IPO. Along with this, shares worth Rs 57.42 crore will be sold through promoters offer for sale (offs).

Financial Performance

Grow’s net profit stood at Rs 378 crore during the first quarter of FY 2026, which is 11 percent more than the previous year. At the same time, the company’s revenue was Rs 904 crore during the same period. However, in the first quarter of FY 2025 it was Rs 1,000 crore, that is, revenue fell by about 10 percent.

Grow’s business extends to margin funding and NBFC lending services in addition to brokerage services. In such a situation, any change in the rules of RBI and SEBI can have a direct impact on the business of the company. In addition, the derivatives segment has a major contribution to the company’s revenue, making it sensitive to sector-specific risks.

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