Digital investment platform Groww made a strong debut on the Indian stock exchanges, listing at Rs 114 per share on the BSE, marking a 14% premium over its issue price of Rs 100. On the NSE, the stock opened at Rs 112, outperforming its modest grey market premium (GMP) of 3%.
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. The offering was open for subscription between November 4 and 7 with a price band of Rs 95–100 per share.
Strong Investor Demand Across Categories
According to exchange data, Groww’s IPO saw a robust response, oversubscribed 17.6 times overall. The retail portion was subscribed 9.43x, Qualified Institutional Buyers (QIBs) 22.02x, and Non-Institutional Investors (NIIs) 14.2x.
Ahead of the listing, Groww raised Rs 2,984.5 crore from anchor investors, attracting marquee participants such as HDFC Mutual Fund, Kotak Mutual Fund, SBI Mutual Fund, Nippon India, Abu Dhabi Investment Authority, and Goldman Sachs.
Market Performance and Financial Strength
As of 10:20 AM, Groww’s shares were trading at Rs 124, translating to a market capitalization of Rs 75,367 crore ($8.56 billion). Despite broader market caution, the Bengaluru-based fintech has demonstrated sustained momentum, adding 1.38 lakh new active demat accounts in October 2025 the only major player to record growth in a cooling retail broking market.
On the financial front, Groww’s operating revenue rose 50% year-on-year to Rs 3,902 crore in FY25, while profit surged to Rs 1,824 crore. In Q1 FY26, the firm reported a revenue of Rs 904 crore and a profit of Rs 378 crore.
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