Groww’s IPO, which opened for subscription from November 04, 2025, has become the much-talked-about event in India’s Fintech space. But amid all the market excitement, a single tweet has drawn more attention than most headlines.
On November 4, Nithin Kamath, the founder of Zerodha, congratulated Groww’s founder, Lalit Keshre, and his team on their IPO. In his trademark light-hearted style, he added —
Congrats on the IPO @lkeshre & team, and best of luck.
Btw, about 20% of all @_groww IPO applications are from @zerodhaonline customers. 😛
— Nithin Kamath (@Nithin0dha) November 4, 2025
Though simple and witty, the tweet was surprisingly insightful, summing up how much India’s investment landscape has changed.
Groww’s Big Moment
Groww’s parent company, Billionbrains Garage Ventures Ltd, is raising about ₹6,632.30 crore through its IPO, with a price band of ₹95–₹100 per share. The issue opened on November 4 and closes on November 7.
Groww started its journey in 2016 as a mutual fund investment platform and now offers a basket of trading and investment products. Groww’s journey from a startup to an IPO-bound company reflects how India’s fintech revolution has transformed retail investing.
Groww IPO Details
| IPO Name | Groww |
| IPO Open & Close Date | Nov 04 – Nov 07, 2025 |
| Issue Price Band | ₹95 to ₹100 per share |
| Lot Size | 150 Shares per lot |
| IPO Type | Fresh Issue & OFS |
| Allotment Date | Nov 10, 2025 |
| Listing Date | Nov 12, 2025 |
| Retail (Min) Lot Size & Amount | 1 lot & ₹15,000 |
| Retail (Max) Lot Size & Amount | 13 lots & ₹1,95,000 |
| Small HNIs (Min) Lot Size & Amount | 14 lots & ₹2,10,000 |
| Small HNIs (Max) Lot Size & Amount | 66 lots & ₹9,90,000 |
| Big HNIs (Min) Lot Size & Amount | 67 lots & ₹10,05,000 |
| Listing | NSE & BSE |
What makes Nithin Kamath’s Tweet Special?
A Rare Display of Sportsmanship
Well, we don’t often see competitors publicly cheering each other. Nithin’s congratulatory tone shows maturity. Both founders understand that for the fintech industry in India to grow, the entire fintech ecosystem has to grow.
How the 20% Figure in the tweet Should Be Understood
The 20% figure simply means that around one-fifth of all applications received for Groww’s IPO were routed through Zerodha’s platform. It reflects how interconnected the ecosystem has become.
It’s a great example of how multiple fintech and brokerage players now collaborate behind the scenes to make investing smoother for everyone.
Fintech Is Expanding the Pie
Instead of fighting for the same set of users, India’s top brokers — Groww, Zerodha, Angel One, Upstox are collectively growing the market. The more people invest, the better it is for everyone.
Why This Matters for Investors?
The tweet isn’t just about friendly rivalry; it highlights how far fintech has come.
Opening a demat account or applying for an IPO was once a slow, paper-heavy process. Today, it takes minutes.
As competition intensifies, investors benefit through:
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Lower brokerage costs
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Smoother app experience
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Quicker transactions
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Wider access to products
That’s real progress.
Here’s the Bigger Picture
Nithin Kamath’s playful tweet actually represents the spirit of modern Indian fintech, “competitive yet collaborative”. Companies may compete for users, but they’re united by a larger mission: making investing simple, accessible, and mainstream.
Ten years ago, investing was intimidating for most Indians. Today, thanks to platforms like Groww and Zerodha, it’s part of everyday life. That’s a remarkable shift.
*Disclaimer: This blog is for informational purposes only and does not constitute investment advice. Investors should consult their financial advisor before investing.
About the Author
Sandip Desai is a stock market professional with over 18 years of experience in the Indian broking and investment space. He holds NISM certifications in Equity Derivatives, Currency Derivatives, Commodity Derivatives, and Mutual Fund Distribution. Sandip is passionate about simplifying financial concepts and helping investors navigate IPOs and capital markets with confidence.