IPO-Bound Groww to Launch ‘915’ Trading Terminal for Professional Traders

IPO-Bound Groww to Launch ‘915’ Trading Terminal for Professional Traders

Groww, India’s largest stockbroker by active investor base, is preparing to roll out a standalone trading platform called ‘915’, tailored specifically for high-volume and professional traders. The launch is part of the company’s broader diversification strategy ahead of its anticipated initial public offering (IPO).

According to media reports, the new platform is expected to go live later this month. Developed entirely in-house, 915 will function as a web-only terminal, hosted independently of Groww’s existing mobile and web platforms.

The platform will offer a suite of advanced trading tools, including historical straddle charts, customizable dashboards, low-latency execution, and features to enable traders to share setups and strategies with peers. While brokerage charges are expected to remain in line with Groww’s core platform, 915 will reportedly include a subscription-based pricing model for its premium offerings.

This development comes at a time when India’s stockbroking industry is navigating tightened regulatory measures, especially in the futures and options (F&O) space. The Securities and Exchange Board of India (SEBI) has recently implemented reforms such as higher margin requirements and shortened expiry cycles, impacting retail participation in F&O markets. These changes have contributed to a decline of approximately two million active investors across top brokerages in the first half of 2025.

In response to these headwinds, Groww is shifting focus toward wealthier and more sophisticated users. In May, the company acquired wealthtech platform Fisdom for $150 million in an all-cash deal, broadening its offerings to include bonds, portfolio management services (PMS), and tax filing. Groww also enabled algo trading earlier this year through its APIs.

Financials and IPO Outlook

Groww confidentially filed its draft red herring prospectus (DRHP) with SEBI in May, aiming to raise $700 million to $1 billion via its IPO. The company is targeting a valuation in the range of $7 billion to $8 billion.

In FY24, the firm reported operating revenue of ₹3,145 crore, a 119% jump from ₹1,435 crore in FY23. Despite posting a net loss of ₹805 crore—attributed to a one-time tax adjustment due to its domicile shift to India—Groww remained operationally profitable, recording ₹535 crore in profits, up from ₹458 crore in FY23.

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