Groww IPO GMP, Grey Market Premium Today
The Groww IPO is one of the most anticipated fintech public offerings in India for 2025. It opened for subscription on November 4 and will close on November 7. The IPO seeks to raise ₹6,632.3 crore, with a price band set at ₹95–₹100 per share and a lot size of 150 shares, requiring a minimum investment of ₹15,000 from retail investors at the upper price limit.
Key Groww IPO Details
- IPO Date: November 4–7, 2025
- Price Band: ₹95–₹100 per share
- Lot Size: 150 shares (₹15,000 minimum application at cap price)
- GMP (Grey Market Premium): Floating between ₹14–₹17, suggesting a possible 14–17% premium at listing
- Issue Size: ₹6,632.3 crore (₹1,060 crore fresh, ₹5,572.3 crore OFS)
- Allotment: November 10, 2025
- Listing: November 12, 2025
Profit and Loss Analysis
- FY25: Net profit of ₹1,824 crore, a sharp turnaround from a loss of ₹805 crore in FY24.
- Q1 FY26: Revenue ₹904 crore, profit ₹378 crore; profit up 11%, though revenue dipped 10% sequentially.
- Revenue Growth: FY25 revenue surged 49% to ₹3,902 crore compared to the previous year.
- EPS (FY25): 3.34
Company Position & Risks
- Groww is India’s top broker by active NSE users as of June 2025, with a 26.3% market share and over 12.6 million active investors.
- Most revenue (≈80%) comes from broking. Regulatory changes, such as the SEBI derivatives framework, have affected transaction volumes and user numbers.
- High ongoing technology spends reflect a focus on scale and resilience.
Should You Apply? (Expert/Market View)
- Positives: Profitable, high-growth, dominant retail investor platform, GMP suggests premium listing.
- Risks: Business is highly sensitive to market volumes and regulatory changes. Profits are recent; earlier years had substantial losses.
- Expert Views: Analysts are divided—some note strong fundamentals and user base, while others warn about volatility in financial performance and growth being concentrated in one segment.
Basic and Important IPO Application Requirements
To apply for a good or profitable IPO, ensure:
- Analyze the company’s profitability and revenue growth across several years, not just the latest quarter or year.
- Check for a reasonable GMP (grey market premium) for short-term returns.
- Assess the business model’s scalability and sector outlook.
- Review offer structure—prefer lower OFS (offer for sale) percentage; higher fresh issue means capital stays with the business.
- Minimum lot investment and retail quota—retail reserved at least 10% is preferable.
- Review the use of IPO proceeds: growth initiatives vs. debt repayment.
- Understand company risks—market/regulatory, revenue concentration, and business cyclicality.
Conclusion: Apply or Avoid?
Apply only after risk assessment and portfolio alignment. Conservative investors may wait till post-listing for more stability.
If seeking listing gains, current GMP (+14–17%) is promising, but this can change rapidly.
For long-term investors, Groww’s user base, profits, and brand are positives, but exposure to regulatory risks and volatility must be considered.
