Groww files revised DRHP with strong financials ahead of Rs 7000 Cr IPO

Groww filed a revised Draft Red Herring Prospectus (DRHP) for its highly anticipated initial public offering targeting Rs 7,000 crore. The revised document highlights strong financial performance, with 50% year-on-year revenue growth to Rs 3,902 crore in FY25 and a profitable turnaround posting Rs 1,824 crore net profit versus a loss of Rs 805 crore in FY24. Groww’s platform hosts over 18 million transacting users, including 14.38 million actively investing clients, making it a leading digital investment platform in India. The fresh DRHP underlines Groww's strategic plans for technological enhancements, product diversification, and geographic expansion to deepen market presence. The company will use IPO proceeds to improve operational efficiencies, scale new offerings like commodities and gold investments, and expand wealth management services. The public listing marks a significant milestone for the company’s ambition to democratize investing in India.