Wealth-tech firm Groww is off to a flying start ahead of its highly anticipated initial public offering (IPO). The Bengaluru-based fintech has received bids worth ₹50,000 crore for its anchor book, reflecting over 15 times oversubscription, according to banking sources.
The anchor portion, estimated at ₹3,000 crore, saw strong participation from top domestic and foreign investors, underlining the growing investor confidence in India’s digital brokerage and fintech space.
Strong Institutional Demand From Global and Indian Funds
The anchor book attracted some of the biggest names in the investment world.
Eight out of the 10 large mutual funds participated, including SBI Mutual Fund, while global heavyweights such as Sequoia Capital, Dragoneer Investment Group, and Coatue Management also came on board.
Such robust demand from institutional investors signals strong market appetite for quality fintech companies and adds to the buzz surrounding Groww’s upcoming IPO.
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Groww IPO Valued at $7 Billion
The ₹6,632 crore Groww IPO will value the Bengaluru-based firm at approximately $7 billion, making it one of India’s most valuable and profitable startups in the financial technology sector.
Groww’s anchor book success ahead of the IPO opening on November 4 sets a strong tone for what could be one of the most-watched public listings of the year.
Solid Financial Performance in FY25
Groww has also demonstrated impressive financial growth.
For FY25, the company reported a revenue of ₹4,056 crore and a net profit of ₹1,899 crore, translating to net margins of 44.85%.
These strong figures underline Groww’s efficient business model and profitability, a rare feat among Indian startups preparing for a public issue.
Leadership and Outlook
Under the leadership of Founder and CEO Lalit Keshre, Groww has rapidly expanded its user base and strengthened its presence in India’s online investment ecosystem.
With the overwhelming anchor book response, the company’s IPO is expected to witness high investor participation when it opens for subscription on November 4.
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