[Update] Groww Ends First Trading Session 31% Above IPO Price

SUMMARY

The stock got listed at INR 112 per share on the NSE, marking a premium of 12% to the issue price of INR 100

Shares of Groww rose to an intraday high of INR 134.34 apiece on the BSE, up 34.3% from the issue price of INR 100

Groww’s shares ended at INR 128.85 apiece on the NSE, marking a 15% rise from its listing price

Update | November 12, 16:32 IST

Shares of fintech major Groww rose further following a bumper listing and closed the first trading session at INR 130.94 on the BSE, up nearly 31% from the issue price of INR 100.

The company’s market capitalisation stood at INR 80,837.07 Cr (about $9.1 Bn) at the end of the day.

The stock touched a high of INR 134.34 during the intraday trading on the BSE.

On the NSE, the stock ended at INR 128.85 apiece, up about 29% from the issue price and over 15% from the listing price of INR 112.

Original | November 12, 10:09 IST

Shares of investment tech major Groww made a stellar debut on the bourses, listing 14% above their issue price at INR 114 apiece on the BSE.

The stock got listed at INR 112 per share on the NSE, marking a premium of 12% to the issue price of INR 100.

The shares rose following the listing and were trading at INR 120.99 on the BSE at 10:18 IST. The company’s market capitalisation stood at INR 76,262.44 Cr (about $8.6 Bn).

Groww’s IPO, which comprised a fresh issue of up to INR 1,060 Cr and an OFS component of up to 55.72 Cr shares, closed with an oversubscription of 17.6X.

Peak XV Partners, Y Combinator, Ribbit Capital, Tiger Global, True Bridge Capital, Alkeon, Propel Sequoia, Fraile and Nirman.VC sold shares via the OFS, raking in big returns.

Founded in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, Groww is a full-stack financial platform spanning mutual funds, stockbroking, asset management, margin trading, and wealth management solutions. It claims to have over 1.8 Cr active users.

With an eye to expand its offerings further, the company has been engaged in launching new business verticals and undertaking acquisitions in the past few months. Groww began piloting commodities trading on its platform last month. Prior to that, it completed the acquisition of Fisdom to bolster its wealth tech foray.

On the financial front, Groww reported a 12% increase in its net profit to INR 378.4 Cr in Q1 FY26 from INR 338 Cr in the year-ago quarter. However, operating revenue shrinked 9.6% to INR 904.4 Cr during the quarter under review from INR 1,000.7 Cr a year ago.

In FY25, Groww posted a net profit of INR 1,824.4 Cr as against a loss of INR 805.5 Cr in the previous fiscal year. Operating revenue zoomed about 50% to INR 3,901.7 Cr from INR 2,609.3 Cr in FY24.