Groww Files Updated DRHP, To Raise INR 1,060 Cr Via Fresh Issue

The public issue will comprise a fresh issue of shares worth up to INR 1,060 Cr ($120.5 Mn) and an offer-for-sale (OFS) component of up to 57.4 Cr shares

Sources told Inc42 that the OFS component would be in the range of INR 5,000 Cr to INR 6,000 Cr ($568 Mn to $681 Mn)

In Q1 FY26, the company’s net profit rose 11% YoY to INR 378.4 Cr while operating revenue declined 10% YoY to INR 904.4 Cr

Investment tech unicorn Groww has filed its updated draft red herring prospectus (UDRHP) with SEBI for its IPO. 

The public…