Groww’s IPO debuts with 14% listing gain

Digital investment platform Groww made a stronger-than-expected debut on the Indian stock exchanges, listing at Rs 114 per share on the BSE, a 14% premium over its issue price despite a muted grey market premium (GMP) of around 3%. On the NSE, the stock opened at Rs 112.

Groww’s IPO was open for subscription from November 4 and 7, with a price band of Rs 95–100 per share and a minimum investment requirement of Rs 14,250.

The Rs 6,632 crore IPO comprised a fresh issue worth Rs 1,060 crore and an offer for sale (OFS) of Rs 5,572 crore. According to exchange data, Groww’s IPO was oversubscribed 17.6 times, with the retail portion subscribed 9.43x, QIBs (excluding anchors) 22.02x, and Non-Institutional Investors (NIIs) 14.2x.

During its initial public offering (IPO) process, the stockbroking platform Groww raised Rs 2,984.5 crore from anchor investors, attracting participation from marquee names such as HDFC Mutual Fund, Kotak Mutual Fund, SBI Mutual Fund, Nippon India, Abu Dhabi Investment Authority, and Goldman Sachs.

Amid a slowdown in India’s retail broking space, Groww was the only major player to record growth in October 2025. As per NSE data, it added 1.38 lakh active demat accounts, taking its total to 1.2 crore with a 26.6% market share.

Groww’s share is currently trading at 124 per share (as of 10:20 AM)  with the total market capitalization of Rs 75,367 crore ($8.56 billion)

The Bengaluru-based firm’s operating revenue rose nearly 50% year-on-year to Rs 3,902 crore in FY25, while its profit jumped to Rs 1,824 crore during the same period. However, in Q1 FY26, Groww’s revenue slipped around 10% YoY to Rs 904.4 crore, with the company reporting a profit of Rs 378.36 crore.