Groww’s Unlisted Shares Surge to $8.75 Billion Valuation Ahead of IPO 

India’s fintech industry continues to expand at record speed, and Groww stands at the forefront of this transformation. The Bengaluru-based investment platform has witnessed a remarkable rise in its unlisted share price, driving its valuation to nearly $8.75 billion ahead of its much-awaited IPO.

As investors anticipate Groww’s public debut, the surge in its unlisted shares reflects growing optimism about the company’s long-term profitability and its role in democratizing investing in India.

About Groww: India’s Leading Investment Platform

Founded in 2016 by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, Groww started as a digital platform simplifying mutual fund investments. Within a few years, it evolved into one of India’s largest investment super-apps, offering access to:

• Equities and ETFs

• Mutual Funds

• US Stocks

• Fixed Deposits

• Digital Gold and NPS

By FY2025, Groww had amassed over 45 million registered users, primarily retail investors from Tier II and Tier III cities — a demographic traditionally underrepresented in stock market participation.

Groww’s Unlisted Share Price and Market Sentiment

As of October 2025, Groww unlisted shares are actively traded in India’s pre-IPO market, with prices ranging between ₹740 to ₹800 per share. This represents a strong 28% increase from the previous year’s valuation of around ₹620 per share.

Groww’s latest unlisted share valuation:

• Per Share Price (Oct 2025): ₹740 – ₹800

• Market Cap Estimate: ₹73,000 crore (≈ $8.75 billion)

• ISIN (Unlisted): INE04S101017

Key Factors Behind the Surge

• Consistent User Growth: Groww’s user base expanded by nearly 50% in just two years.

• Diversification: Added new products like loans, insurance, and retirement plans.

• Revenue Momentum: FY2025 revenues crossed ₹1,800 crore, up from ₹1,120 crore in FY2024.

• Operational Profitability: Achieved positive EBITDA in FY2024–25 for the first time.

Groww’s Strategic Growth and Market Expansion

Groww’s success story is fueled by its relentless focus on simplicity, accessibility, and education. The company’s marketing has been largely organic, leveraging trust and transparency rather than aggressive advertising.

Major Milestones

• 2018: Crossed 1 million users; expanded into direct mutual fund investments.

• 2020: Entered equity trading amid pandemic-induced retail participation boom.

• 2021: Acquired Indiabulls AMC, expanding its mutual fund business.

• 2023: Added US stock investments and launched Groww Super Saver.

• 2024: Introduced loan and insurance segments; achieved break-even

Why Groww’s IPO Matters for Retail Investors

The Groww IPO is not just another listing — it symbolizes the next phase of India’s digital investing revolution. Retail investors will finally get direct exposure to one of the platforms that helped them enter the markets.

Key Investor Takeaways:

• Massive User Loyalty: 70% of users are active monthly, indicating strong retention.

• Profitability Momentum: Sustainable unit economics achieved by FY2025.

• Global Expansion Plans: Targeting Indian diaspora investors in the US and UAE.

• AI-Powered Advisory Tools: Advanced analytics for personalized investment strategies.

How to Buy Groww Unlisted Shares Before IPO

Investors looking to benefit from early-stage growth can purchase Groww pre-IPO shares through trusted unlisted share platforms like:

• Planify

• UnlistedZone

• SharesCart

• Stockify

Steps to Buy:

1. Connect with a verified broker registered with NSDL/CDSL.

2. Confirm the ISIN and price range (₹740–₹800).

3. Transfer funds and receive the shares in your Demat account.

4. Hold until the company lists on the NSE/BSE, when they automatically convert to listed shares.

Future Outlook: What’s Next for Groww

With India’s investment market projected to cross 100 million active investors by 2030, Groww is positioned to remain a market leader in retail investing.

Post-IPO, analysts expect:

• A valuation climb toward $12 billion by FY2027.

• Entry into international trading products.

• Expansion of its asset management arm via Groww Mutual Fund.

Groww’s focus on tech innovation, low-cost operations, and financial literacy ensures long-term competitiveness and scalability in an evolving market.

Conclusion

The rise in Groww’s unlisted share price and its $8.75 billion valuation ahead of IPO underlines investor confidence in its business fundamentals, profitability, and vision. As India’s retail participation in equity markets surges, Groww’s upcoming IPO is poised to be one of the most significant listings in the country’s fintech landscape.

Its journey from a startup to a unicorn — and now to a potential decacorn — reflects not just financial success but also the evolution of India’s new-age investor.