मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Groww gets Sebi nod for IPO of up to $1bn
Mint Chennai
|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.
यह कहानी Mint Chennai के August 29, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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