GRM Wealth

Groww, a prominent stockbroking firm, is gearing up for its Initial Public Offering (IPO) with plans to raise approximately $700 million at a valuation of $7-8 billion, according to sources cited by Moneycontrol.

The firm has reportedly engaged with multiple investment bankers to initiate the IPO process. While the timeline remains undecided, it is expected to depend on favorable market conditions.

This move comes less than a year after Groww relocated the domicile of its holding company from the US to India, aligning with the trend of top fintech companies returning to their home country to capitalize on favorable economic policies and a rapidly growing domestic market.