Groww secures online bond distribution licence: Report

Groww has reportedly received approval to operate as an Online Bond Platform Provider (OBPP), allowing it to distribute listed corporate bonds through its platform.

According to an ET report, the licence allows Groww to offer retail investors direct access to corporate bonds, adding fixed-income products to its existing range of equities, mutual funds and other market-linked instruments.

Entrackr has reached out to Groww for more details.

The report also added that the licence enables Groww to list, distribute and facilitate transactions in corporate bonds directly through its app, bringing fixed-income investing closer to its large base of users. This could help the platform tap into a new class of investors seeking predictable returns and portfolio diversification.

The development comes soon after Groww’s listing on the stock market at a 14% premium over its issue price.

For the second quarter of the ongoing calendar year, the company reported total income of Rs 1,071 crore, with a profit after tax of Rs 471 crore. Meanwhile, Groww’s customer acquisition cost rose about 72% to Rs 1,374 in H1 FY26 from Rs 796 in the same period last year.

According to NSE data, Groww has the largest market share among stockbrokers at 26.62%, and the firm added 1.38 lakh active demat accounts in October, taking its total to 1.2 crore (12 million).