Groww and Pine Labs Announce Major IPOs, Aiming to Raise Over Rs 10,500 Crore Combined

IPO

Updated on 04 Nov 2025, 12:15 pm

Reviewed By

Satyam Jha | Whalesbook News Team

Short Description :

Two significant Initial Public Offerings (IPOs) are set to hit the Indian primary market: Groww and Pine Labs. Together, these IPOs aim to raise approximately Rs 10,500 crore through a mix of fresh share issuance and offer-for-sale components. Groww, a digital investment platform, is looking to raise around Rs 6,632 crore, while Pine Labs, a merchant commerce platform, plans to raise about Rs 3,899 crore. Both companies are seeing positive grey market premiums, and experts largely recommend subscribing to the IPOs for long-term investment, with some noting Groww's valuations as steep.

Groww and Pine Labs Announce Major IPOs, Aiming to Raise Over Rs 10,500 Crore Combined

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Detailed Coverage :

The Indian stock market is abuzz with the upcoming IPOs of Groww and Pine Labs, poised to raise a substantial Rs 10,500 crore collectively. Groww, operated by Billionbrains Garage Ventures, plans to raise Rs 6,632.30 crore, comprising Rs 1,060 crore in fresh shares and Rs 5,572.30 crore via an offer for sale. The Groww IPO opened on November 4 and closes on November 7, with listing expected on November 12. Pine Labs is set to raise Rs 3,899.91 crore, including Rs 2,080 crore from fresh shares and Rs 1,819.91 crore from an offer for sale. Its subscription window is November 7 to November 11, with listing anticipated on November 14.

In the grey market, Groww IPO is trading at a premium of 17.3%, while Pine Labs IPO shows a premium of around 16%. It is important to note that grey market activity is unofficial.

Groww is a leading digital investment platform offering services across equities, derivatives, bonds, and mutual funds. It holds significant market share in demat account additions and active SIPs. Pine Labs is a prominent merchant commerce platform providing POS solutions, payment processing, and merchant financing, serving a large network of merchants, brands, and financial institutions.

Expert analysis suggests a mixed view on Groww, with some rating it 'Neutral' due to valuations (40.79x P/E) while most recommend 'Subscribe' for the long term. Pine Labs has received 'Subscribe' ratings from brokerages like SBI Securities, citing its robust business model and growth prospects, along with plans to repay debt.

Impact This news is highly significant for the Indian primary market, as two major companies are launching substantial IPOs. It will likely attract significant investor interest and capital. The influx of capital can boost the fintech and digital services sectors. Investors get an opportunity to participate in the growth of these promising companies. Impact rating: 8/10.

Heading: Difficult Terms and Their Meanings * **IPO (Initial Public Offering)**: This is the first time a private company offers its shares to the public, allowing them to buy ownership in the company. * **Offer for Sale (OFS)**: In an OFS, existing shareholders of a company sell their shares to new investors. No new shares are issued by the company itself. * **GMP (Grey Market Premium)**: This refers to the premium at which IPO shares trade in the unofficial grey market before they are listed on the stock exchanges. It's an indicator of demand but is not officially recognized. * **Demat Account**: An electronic record holding your investments in shares, bonds, and other securities. * **SIP (Systematic Investment Plan)**: A method of investing a fixed amount of money into mutual funds at regular intervals. * **P/E (Price-to-Earnings Ratio)**: A valuation metric that compares a company's stock price to its earnings per share. A high P/E can suggest a stock is overvalued. * **EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)**: A measure of a company's operating performance, indicating profitability before accounting for financing and accounting decisions.