Zerodha's Nithin Kamath Reveals 20% of Groww IPO Applications Come From Their Customers as Rival Firm Goes Public

Nov 06, 2025 06:54 pm CST

Zerodha co-founder Nithin Kamath congratulates rival brokerage Groww on their IPO launch, revealing that 20% of applications are from Zerodha customers. The Rs 6,632.3 crore Groww IPO has seen strong retail investor participation with 4.46x subscription, having already secured Rs 2,985 crore from anchor investors. The subscription window closes November 7, with stock listing expected by November 12 on BSE and NSE.