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Indian fintech Groww files for ₹7,000 crore IPO, aiming for Nov. listing at $7–9B valuation.
Indian investment platform Groww has filed updated IPO papers with SEBI, seeking to raise ₹7,000 crore through a ₹1,060 crore fresh issue and a ₹5,000–6,000 crore offer-for-sale by existing investors.
The company, founded in 2016, reported strong financial performance with ₹1,824 crore in net profit for FY25 and a 44% net profit margin, while user growth reached 12.6 million active clients as of June 2025.
It aims for a November listing at a valuation of $7–9 billion, expanding beyond broking into wealth management and margin trading.
Founders and major investors including Peak XV, Tiger Global, and Y Combinator are participating in the share sale, with promoters subject to a 20% lock-in for 18 months.
El fintech indio Groww presenta una OPI de ₹ 7,000 crore, con el objetivo de cotizar en noviembre a una valoración de $ 7 9B.