Company Overview - Groww has filed an updated draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) of approximately ₹7,000 crore, aiming to raise fresh capital of ₹1,050 crore, while ₹5,000-6,000 crore will be from the offer for sale component [1] - The founders own 27.96% of the company and have a 20% lock-in period for one and a half years from the listing date, offering to sell about 0.07% of the total shares in the IPO [2] - The size of the IPO has been reduced from an initial expectation of ₹8,300 crore, reflecting a trend among several companies to lower their issue sizes amid muted investor feedback and lower valuations [3][4] Financial Performance - Groww's profit surged over threefold in FY25 to ₹1,819 crore, compared to ₹545 crore in FY24, with revenue increasing to ₹4,056 crore, marking a 31% rise over FY24 [6] Strategic Moves - In May, Groww signed an agreement to acquire wealth-tech startup Fisdom for around $150 million in an all-cash deal [5] - The company is likely to use the minor primary funding for expanding its margin trade facility, unsecured lending, and wealth management segments, and may explore inorganic growth opportunities in these areas [3] Investment and Valuation - Following funding from GIC, Groww was valued at $7 billion, with a total of $393.3 million raised in funding to date [5][6] - The company had previously announced a $251 million series E round at a $3 billion valuation in October 2021 [6] Corporate Structure - Groww was founded in 2016 and has relocated its parent entity from Delaware, US, to Bengaluru, making Billionbrains Garage Ventures the primary Indian company [7]