Groww founders up stakes ahead of ₹7,000cr IPO
Groww's founders have increased their stakes in the company just ahead of its big IPO coming up this November.
Their combined shareholding is now 29.01% as of June 30, up from 27.93% earlier this year—a clear sign they're backing their own growth story.
Co-founders' stake to touch 29.01%
CEO Lalit Keshre now holds 10.03%, while co-founders Harsh Jain, Neeraj Singh, and Ishan Bansal have also bumped up their shares.
The IPO will include new shares worth ₹1,060 crore plus an offer for sale between ₹5,000-6,000 crore.
Groww has been on a roll since starting in 2016—its NSE client base jumped to 12.58 million from 10.92 million last year and net profit hit ₹1,824 crore for FY2024-25 (with revenue up by 31%).
To keep talent on board post-IPO, they're setting aside 5.35% equity for employee stock options and looking to expand into wealth management and commodities too.