Shares of , parent company of the investment-platform Groww, made a healthy debut on bourses against the issue price of ₹100.
On the , the stock began trading at 14 per cent premium at ₹114. On the of India (NSE), the stock listed at ₹112, 12 per cent above the IPO price.
Post-listing, the stock moderated between ₹112-124. At 10.34 am, the stock traded 23 per cent higher above issue price at ₹123.25 on the BSE and at ₹123.67 on the NSE.
Groww made a good debut on the stock market, reflecting healthy investor confidence driven by strong brand recall and rapid user growth in the Indian digital investing ecosystem, Shivani Nyati, Head of Wealth at Swastika Investmart Ltd., said.
The ₹6,632 crore garnered 17.60 times subscription on the last day of bidding. The IPO had a price band of ₹95 to ₹100 per share. It comprise of a fresh issue of ₹1,060 crore and an offer for sale (OFS) of 55.72 crore equity shares about ₹5,572.30 crore.
Subscription data show strong investor participation across all categories. It attracted significant institutional participation, driven by expectations of further market share gains from traditional brokers, strong customer additions, and improving operating leverage.
From a listing perspective, debuting at a double‐digit premium is a positive sign — indicating market appetite and confidence in the business model . Market watchers will monitor how the stock performs in the medium term. Key factors will include execution of growth plans, and regulatory developments.
Groww is one of India’s fastest-growing investment platforms, offering equity trading, mutual funds, fixed deposits, and US stock investing through a mobile-first platform, supported by a clean UI/UX and transparent pricing.
Despite strong growth, concerns around high valuation multiples, margin pressures, and regulatory risks in the fintech/brokerage space weighed on cautious investors, Nyati emphasised. The expert added that investors allotted with shares may book part profit and hold the remain for the medium to long term with stoploss of ₹80.