04 Nov 2025 | 5 Mins Read
Groww tops client base but lags peers in valuation
Flipitmoney
Groww opens its Rs 6,632-crore IPO for public subscription on November 4. The company is India's largest brokerage by active clients on the National Stock Exchange, with 12.92 million active users, but lags in revenue and net profit. Despite this, Groww boasts a 44.92 percent net profit margin, outperforming peers. The IPO is valued at 33.8x FY25 P/E and some brokerages consider it fully priced.