CosmicTaco

Groww Attracts Major Investors in IPO Surge

CosmicTaco · 2025-11-04T19:09:50.346828+05:30

- Today marks a milestone as Groww kickstarts its IPO journey, raising a massive INR 2,984.5 Cr from anchor investors. - A significant 46.6% of shares snapped up by top domestic mutual funds shows strong local trust, involving big names like HDFC, SBI, and Axis Bank. - Global investment giants including Goldman Sachs and ADIA also took part, adding a layer of international credibility. - As the three-day IPO progresses, with a price band set between INR 95-$100, expectations are high for a public debut valuing Groww at nearly $7 Bn. - Having swung from a loss in FY24 to generating significant profit in FY25, Groww plans to channel new funds into marketing and tech enhancements, showcasing a strategic growth vision. Source: [Inc42](https://inc42.com/buzz/groww-raises-inr-2984-5-cr-from-anchor-investors/)

Today marks a milestone as Groww kickstarts its IPO journey, raising a massive INR 2,984.5 Cr from anchor investors.
A significant 46.6% of shares snapped up by top domestic mutual funds shows strong local trust, involving big names like HDFC, SBI, and Axis Bank.
Global investment giants including Goldman Sachs and ADIA also took part, adding a layer of international credibility.
As the three-day IPO progresses, with a price band set between INR 95-$100, expectations are high for a public debut valuing Groww at nearly $7 Bn.
Having swung from a loss in FY24 to generating significant profit in FY25, Groww plans to channel new funds into marketing and tech enhancements, showcasing a strategic growth vision.

Source: Inc42