Groww Secures Rs 2,984 Crore from Anchor Investors Ahead of IPO
- Groww raises nearly Rs 3,000 crore from marquee anchor investors
- IPO opens today with a price band of Rs 95-100 per share
- Global and domestic funds back the Bengaluru-based fintech startup
Investment platform Groww has raised Rs 2,984.5 crore from anchor investors ahead of its upcoming initial public offering (IPO). The investment was secured through the allocation of 29.85 crore shares at Rs 100 each, including a face value of Rs 2 and a premium of Rs 98, as per the company’s latest stock exchange filing.
A mix of leading domestic and global investors participated in the anchor round. Key Indian mutual funds like HDFC, SBI, Kotak, Axis, Nippon India, and Aditya Birla Sun Life invested through various schemes. On the global front, the Government of Singapore, Abu Dhabi Investment Authority, Goldman Sachs, and Norway’s Government Pension Fund were among the participants.
Nearly 47% of the total anchor investment came from 17 domestic mutual funds through 54 schemes, amounting to Rs 1,389.8 crore. Groww’s IPO opens today and closes on November 7. The issue consists of a fresh issue worth Rs 1,060 crore and an offer for sale (OFS) of Rs 5,572.3 crore at the upper price band.
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Backed by notable investors like Peak XV Partners, Tiger Global, Ribbit Capital, and ICONIQ Growth, Groww is also expected to deliver significant returns for its early backers. Some are poised to make exceptional gains, Kauffman Fellows Fund stands to earn 196X returns, while Nirman Ventures and Y Combinator are set for 126.6X and 29X returns, respectively.
Groww’s operating revenue jumped 50% year-on-year to Rs 3,902 crore in FY25, with profits hitting Rs 1,824 crore. However, the company reported a 10% dip in revenue in Q1 FY26.
