Groww has established itself as a prominent name in India’s fintech space, especially known for democratizing investment access for retail users. With its anticipated IPO on the horizon, investors are closely watching the Groww share price in the unlisted market, eager to participate in its pre-IPO momentum. This article provides an in-depth look at Groww’s valuation, unlisted share price, IPO expectations, financial performance, and strategic outlook for 2025.

About Groww

Groww, operated by Nextbillion Technology Pvt Ltd, is an online investment platform enabling users to invest in mutual funds, stocks, FDs, and more. Founded in 2016 by ex-Flipkart employees Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, Groww has quickly scaled to become a household name among retail investors, particularly millennials.

With over 30 million users, the company has disrupted traditional broking models through its mobile-first, zero-paperwork approach. Groww also recently secured a stockbroking license and offers direct equity investments, making it a full-stack investment platform.

Groww Unlisted Share Price (2025)

As of July 2025, Groww unlisted shares are trading in the ₹2,308 range in the grey market. This price is influenced by strong demand from HNIs, family offices, and institutional investors anticipating a solid IPO listing.

Key Price Drivers

• Strong user base and tech-led scalability

• Rising interest in India’s fintech sector

• Anticipated IPO demand and grey market premium (GMP)

• Limited supply of pre-IPO equity in the private market

• Market sentiment around tech IPOs post-2024

Groww Pre IPO Investment

Investing in Groww pre-IPO offers exposure to a high-growth fintech startup at valuations lower than the expected IPO price. Currently, pre-IPO shares are available through SEBI-registered brokers like UnlistedZone, Planify, and others.

Benefits of Pre IPO Investment in Groww

• Potential for significant listing gains

• Entry into a high-growth fintech unicorn

• Diversification into private equity

Things to Consider

• Shares are illiquid until IPO listing

• Pricing may vary across brokers

• Ensure proper due diligence and KYC compliance

Groww IPO Details (Expected)

Groww is expected to file its DRHP with SEBI in Q3 FY25, with a proposed IPO size of ₹3,000–₹4,000 crore. The IPO will likely include a mix of fresh issue and offer for sale (OFS) by early investors.

Groww’s Financial Performance

Despite being in a high-growth phase, Groww has shown significant traction in its top line while maintaining sustainable burn rates.

Key Financials (FY22–FY24)

• Revenue (FY24): ₹980 crore

• Net Loss (FY24): ₹120 crore (down from ₹190 crore in FY23)

• AUM (Assets Under Management): ₹58,000 crore

• Monthly Active Users: 9.5 million

Groww Valuation & Funding Rounds

Groww last raised funds in October 2023 at a valuation of $4.2 billion (~₹34,500 crore) from Tiger Global, Ribbit Capital, and Y Combinator. Analysts expect the IPO valuation to touch ₹40,000–₹42,000 crore, depending on final pricing.

Groww Grey Market Activity & Sentiment

The grey market for Groww shares is highly active, with steady premiums and low supply. Investors are bullish based on:

• Digital adoption across Tier 2/3 cities

• User stickiness in the mutual fund and stock broking segments

• India’s growing retail investment market

Risks Before Investing in Groww IPO

Investors must evaluate the following:

• Negative cash flows due to high customer acquisition costs

• Dependency on regulatory approvals from SEBI

• Intense competition from Zerodha, Upstox, Paytm Money

• Revenue dependency on transaction volume

How to Buy Groww Unlisted Shares (2025)

You can invest in Groww pre-IPO shares through these steps:

1. Approach SEBI-registered brokers (UnlistedZone, Planify, etc.)

2. Submit PAN, Demat details, and complete KYC

3. Finalize deal and receive shares in Demat via off-market transfer

Conclusion

Groww is poised to become one of the most exciting fintech IPOs in India. Whether you're a retail investor looking to ride the listing wave or a long-term believer in India’s digital finance ecosystem, Groww offers a compelling pre-IPO and IPO investment opportunity.