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Groww IPO Review

Groww IPO has been reviewed by 13 analysts, and the overall consensus is Strong Apply — carrying a score of 94. Out of the 13 analysts who have covered this IPO, 11 recommend subscribing while 2 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹95 - 100 per share, with a minimum application size of 150 shares (minimum investment of approximately ₹15,000 at the upper band). Subscription ran from 04 Nov 2025 to 07 Nov 2025. The issue size is ₹6,632 crore, a mix of fresh issue and offer for sale. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
94/ 100
Strong Apply 11 of 13 recommend subscribing
How analysts voted
Apply 11
May apply 1
Neutral 1
Not rated 4

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Groww operates an online investing and wealthtech platform. FY25 revenue was ₹4,061.65 crore with EBITDA of ₹2,371.01 crore and an operating margin above 55 percent. One note cites revenue, adjusted EBITDA and profit CAGRs of 85, 135 and 100 percent. Eleven of the seventeen analysts said subscribe.

Listing gains

The notes value the issue between about 29.9 and 41 times FY25 earnings, clustering near 33.8 times at the ₹100 upper band, with price to book around 11.25 times. Several describe the valuation as attractive given the growth and margins, which supported a positive listing view.

Short-term strategy

The June 2025 quarter delivered ₹418.75 crore of EBITDA on ₹948.47 crore of revenue, a margin above 60 percent, ahead of the FY25 level. The FY24 loss was a one-time item tied to a US tax credit rather than an operating problem, which the notes are careful to separate.

Long-term strategy

The long-term case rests on the wealthtech market itself, which the notes expect to grow at 14 to 16 percent CAGR from FY25 to FY30, with the platform positioned to compound faster through data and distribution built on its transaction engine. Regulatory navigation is cited as a continuing strength.

How this is written: an AI-assisted summary of the 17 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Groww IPO?

The analyst consensus for Groww IPO tracked on this page is Strong Apply, with a score of 94/100. Out of 13 analysts who have reviewed this IPO, 11 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 94 mean for Groww IPO?

The score of 94 is an aggregate of all analyst ratings tracked for Groww IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of Groww IPO?

Groww IPO listed on November 12, 2025 at ₹131, against the issue price of ₹100 — a gain of +31% (₹31 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Groww IPO?

Groww IPO was priced at ₹95 - 100 per share. The minimum lot size is 150 shares, making the minimum investment approximately ₹15,000 at the upper end of the price band. Subscription ran from 04 Nov 2025 to 07 Nov 2025.

Explore Groww IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Groww IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strong Apply
Score
94 / 100
Listed at
₹131
Full IPO details