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flag Indian fintech Groww files for ₹7,000 crore IPO, aiming for Nov. listing at $7–9B valuation.

flag 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. flag 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. flag It aims for a November listing at a valuation of $7–9 billion, expanding beyond broking into wealth management and margin trading. flag 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.

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