Grow is preparing for IPO launch in 2025, according to Business Standard. The company is planning to raise 6000 crore rupees in 2025 through IPO and reported a net loss of 805 crore in 2024.
Currently, Grow is the biggest brokerage firm, surpassing even Zerodha, and also operates in direct mutual fund distribution.
According to the company's website, Grow currently has over 50 million customers.
In the last five years, the number of Demat accounts has nearly doubled, with a significant contribution from retail investors.
In December 2024, the SIP book also reached a level of 26000 crore, which is a record.
This is the reason why companies like Grow have seen an increase in their customer base.
But what course the market will take in the future and when the company decided to launch the IPO will only be known later, but for now, Grow is planning to launch an IPO in 2025.
The price band and lot size will only be known after the draft offer. Before this offer, Grow is valuing its company at 69,000 crores.