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IPO-bound Groww to launch new trading terminal '915' for professional traders: Report

  • Groww, India's largest stockbroker, is set to launch a new trading terminal '915' catering to high-volume and professional traders ahead of its IPO.
  • The platform, expected to roll out this month, will offer advanced tools like historical straddle charts and low-latency execution.
  • While maintaining similar brokerage fees, '915' will charge a subscription fee for premium features, as Groww aims to target wealthier clientele amid regulatory changes in the stockbroking industry.
  • Groww filed its DRHP aiming to raise $700 million to $1 billion in its IPO, targeting a valuation between $7 billion and $8 billion, despite reporting a one-time net loss due to a tax adjustment in FY24.

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