Groww shares rally 6% ahead of Q2 earnings; what to expect?

On Tuesday, the company, in its regulatory filing, said that the company will hold an earnings conference call on Friday, November 21, 2025, at 04:00 p.m. (IST) to discuss the unaudited financial results.

On Monday, Groww already said that a meeting of the Board of Directors of the company is scheduled to be held on Friday, November 21, 2025, inter alia, to consider and approve the unaudited standalone and consolidated financial results of the company for the quarter and half year ended September 30, 2025.

Shares of the company slipped for the second straight session on Thursday, following a blockbuster rally post listing on November 12.

On Monday, November 17, the stock climbed 20% to ₹178.23 per unit, its upper-circuit level, on the National Stock Exchange (NSE).

The company's market valuation crossed the coveted ₹1 lakh crore mark.

However, the stock pared gains later.

The sharp fall in the stock price could be attributed to profit booking as the stock zoomed significantly post-listing.

Further, market participants eagerly await the company's September quarter results, due on November 21, Friday, for fresh triggers.

Groww IPO details

The initial public offering (IPO) of Billionbrains Garage Ventures, the parent company of stockbroking firm Groww, received 17.60 times subscription on the final day of the share sale.

Billionbrains Garage Ventures garnered a little over ₹2,984 crore from anchor investors on November 3.

The firm has fixed a price band of ₹95-₹100 per share for its IPO, targeting a valuation of over ₹61,700 crore (about $7 billion).

The IPO had a fresh issue of equity shares worth ₹1,060 crore along with an Offer for Sale (OFS) component of 55.72 crore equity shares.

The company, which is backed by marquee investors such as Peak XV, Tiger Capital, and Microsoft CEO Satya Nadella, said it plans to use proceeds from the IPO to invest in technology development and business expansion.

Of the fresh issuance, ₹225 crore will be used for brand building and performance marketing activities, and ₹205 crore will be invested in Groww Creditserv Technology Pvt Ltd (GCS), the NBFC arm, to augment its capital base.

Additionally, ₹167.5 crore will be infused into Groww Invest Tech Pvt Ltd (GIT) to fund its margin trading facility business, while ₹152.5 crore has been earmarked to strengthen cloud infrastructure.

The balance, the company said, will be utilised for funding inorganic growth through acquisitions and for general corporate purposes.

About Groww

Headquartered in Bengaluru, Groww filed draft papers in May with the markets regulator SEBI for an IPO through a confidential pre-filing route and received SEBI's approval in August.

Groww opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the DRHP until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO plans.

Founded in 2016, Groww emerged as India's largest stockbroker, with over 12.6 million active clients and a market share of over 26% as of June 2025.