Try GOLD - Free
Groww gets Sebi nod for IPO of up to $1bn
Mint New Delhi
|August 29, 2025
The fintech startup had filed confidential draft papers with Sebi in May
Stock broking app Groww has received the market regulator's approval to raise $800 million to $1 billion in an initial public offering (IPO) of shares, two people said.
The Bengaluru-based investment platform had filed a confidential draft red herring prospectus with the Securities and Exchange Board of India (Sebi) on 26 May for its IPO.
Groww did not immediately comment on Sebi's approval for its IPO. Its parent company Billionbrains Garage Ventures Pvt. Ltd has appointed JPMorgan Chase & Co. and Kotak Mahindra Bank Ltd as the bankers for the share sale.
The fintech startup's IPO plans come amid a broader slowdown for India's leading discount brokerages—Groww, Zerodha, Angel One and Upstox—which together lost nearly 2 million active investors in the first half of 2025, according to National Stock Exchange (NSE) data.
This story is from the August 29, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
Can a hint of silver find place in your precious metals strategy?
Silver can deliver short-term gains but is more volatile than gold; limit exposure to 2-4% due to its inherent risks
5 mins
October 13, 2025
Mint New Delhi
Thinking Machines Lab co-founder departs for Meta
A co-founder of Mira Murati ’s Thinking Machines Lab has left to join Meta Platforms, the startup confirmed Saturday.
2 mins
October 13, 2025
Mint New Delhi
Will not throw baby out with bathwater: Former Sebi member Narayan
Capital markets regulator Sebi will decide on the fate of weekly equity index option expiries only after assessing the impact of its latest measures taken in July and after a consultative process with market stakeholders, said Ananth Narayan, former Securities and Exchange Board of India (Sebi) whole-time member whose three-year eventful term ended on Thursday.
3 mins
October 13, 2025
Mint New Delhi
Will new capital rule aid SBI Cards?
SBI Cards and Payment Services is seen as a potential beneficiary of the Reserve Bank of India's (RBI) revised risk weight-based capital adequacy norms.
2 mins
October 13, 2025
Mint New Delhi
India IMDb's second-largest market, led by multilingual content
India, known for its rich entertainment ecosystem and linguistic diversity, is now the second-largest audience for IMDb, the Internet movie database owned by Amazon, after the United States. Over the last five years, IMDb’s monthly visitors from India have doubled, said Yaminie Patodia, head, IMDb India, in a conversation with Mint.
1 mins
October 13, 2025
Mint New Delhi
Slow drive for e-trucks as local sourcing rule bites
E-truck manufacturers wary of ambitious indigenization due to concerns over tepid demand
2 mins
October 13, 2025
Mint New Delhi
DGCA flags RAT issues, orders Air India fleet review
India’s Aviation safety regulator Directorate General of Civil Aviation (DGCA) has directed Air India to reinspect Ram Air Turbine (RAT) stowage on all aircraft where the power conditioning module (PCM) was replaced recently.
1 mins
October 13, 2025
Mint New Delhi
Hyundai's Pune plant gears up for multi-model exports
Hyundai Motor India Ltd (HMIL) will initially produce two car models at its Talegaon plant and prepare the facility to make vehicles for export to emerging markets, as the company marks its largest capacity addition in seven years.
2 mins
October 13, 2025
Mint New Delhi
App-based shuttles to go legit in Maharashtra
Commuters in Maharashtra, long frustrated by unreliable buses and crowded commutes, may soon find daily shuttles safer, more reliable, and easier to book.
1 min
October 13, 2025
Mint New Delhi
US negotiators push for e-comm inventory model
Embassy in New Delhi said, “Due to the lapse in appropriations in the US government, we are unable to respond to routine press inquiries.”
1 mins
October 13, 2025
Listen
Translate
Change font size