Groww Shares Surge 31% on Debut, Exceeding ₹100 IPO Price

Groww shares make strong debut on bourses

On the BSE, the stock began trading at 14 per cent premium at ₹114. On the National Stock Exchange of India (NSE), the stock listed at ₹112, 12 per cent above the IPO price.

After moderating between ₹112 and ₹134.40, the stock closed at 131.33 and at 130.94 on the NSE and BSE, respectively.

Speaking at the listing ceremony, Gaurang Shah, Chairman, Groww, “Our industry has travelled an incredible distance. From a world where only a few investors were investing in equities to a time, currently, where SIPs, SGBs, ETFs, index funds and asset allocation have become new buzz words of investments. Groww has its own contribution in terms of at least making two of them – direct investment in mutual funds and SIPs.”

“The road ahead is long; we are just getting started with it,” Harsh Jain, co-founder and COO, Groww, said.

Lalit Keshare, co-founder and CEO, Groww, recalled how idea of simplying demat account opening through mobile phone led to the formation of Groww.

Jon Levy, Managing Director, Partnerships at Y Combinator, expressed in a post, “Watching Groww scale to become a public company in India is an incredible milestone, but it also feels like the natural next step for this team.”

YC sold a small portion of Groww shares as part of the public offering. Levy acknowledged “former YC partner Anu Hariharan, who saw what made this team special very early and championed them from the start.”

Analysts see vote of confidence

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.

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.

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.

According to Prashanth Tapse of Mehta Equities, Groww represents a strong, long-term structural story and can act as a proxy for India’s expanding capital market participation. “Investors should treat it as a medium-to-long-term investment opportunity,” Tapse stressed.

Given the company’s robust revenue and profit growth, coupled with its innovative digital business model, there is optimism about its long-term potential, Nitin Jain, Sr. Research Analyst at Bonanza, said.

The ₹6,632 crore IPO 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.

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.

Shreeji Global FMCG makes weak debut on NSE Emerge

Shreeji Global FMCG shares settled at ₹101.70 on the NSE Emerge platform after listing at ₹100, a 20 per cent discount, against the issue price of ₹125.

The ₹85-crore SME IPO received an overall subscription of 3.27 times on the closing day of bidding.

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Published on November 12, 2025