The listing day for Groww turned out to be one of those mornings where the screens light up with early excitement. The Bengaluru-based broking platform finally made its public market debut, and the first print itself showed that investors were willing to give it a strong start.
Market Performance: Groww Shares Begin Trade With a Firm Premium
Groww entered the market with clear momentum. The listing numbers reflected this strength, with both exchanges showing a clean premium over the IPO price.
Listing Day Numbers
- BSE Listing: ₹114
(Premium of ₹14 or 14% over IPO price of ₹100) - NSE Listing: ₹112
(Premium of 12% over IPO price of ₹100)
The debut stood out as a break from the softer listings the market had seen recently. With a firm opening, Groww set a fresh tone for new-age tech and fintech listings on Dalal Street.
Main News: Strong Demand, Strong Debut
The debut wasn’t a surprise if you looked back at the subscription numbers.
The Groww IPO saw broad-based demand across categories, and the final subscription data captured that enthusiasm in black and white.
IPO Subscription Highlights
- Overall Subscription: 17.60 times
- QIB Subscription: 22.02 times
- NII Subscription: 14.20 times
- Retail Subscription: 9.43 times
These numbers set the stage for a firm listing and reflected strong participation from every investor segment.
The IPO, priced in the range of ₹95–₹100, remained one of the most talked-about issues during the bidding window, open from November 5 to November 7. At the upper end of the band, the valuation stood at more than ₹61,700 crore (approx. USD 7 billion).
Company Details: A Look at the IPO Structure and Fund Allocation
The Groww IPO combined a fresh issue with an offer for sale, allowing both the company and existing shareholders to participate in the fundraising.
IPO Structure
- Total Issue Size: ₹6,632 crore
- Fresh Issue: ₹1,060 crore
- Offer for Sale (OFS): 55.72 crore equity shares
The company laid out a clear roadmap for where the fresh capital will be deployed. The allocations were spread across brand building, business strengthening, and infrastructure upgrades.
Planned Use of Funds
- ₹225 crore for brand building and performance marketing
- ₹205 crore to strengthen the capital base of its NBFC arm, Groww Creditserv Technology Pvt Ltd
- ₹167.5 crore to support margin trading operations via Groww Invest Tech Pvt Ltd
- ₹152.5 crore to expand and upgrade cloud infrastructure
- Remaining funds are earmarked for acquisitions and general corporate purposes
Beyond the numbers, the company’s scale also reflects how quickly it has grown in the Indian financial ecosystem.
Groww, founded in 2016, now serves over 12.6 million active clients and holds a 26% market share as of June 2025—making it one of the largest platforms in the country’s investment landscape.
Summary: A Listing That Mirrors the Subscription Strength
Groww’s stock market debut told a clear story.
A 14% premium on the BSE and a 12% premium on the NSE summed up the demand that had already played out during the bidding phase. With subscription crossing 17.60 times, the listing simply followed the momentum.
The IPO structure was straightforward, the fund allocation well-defined, and the market response steady. From a strong investor turnout to a firm debut, Groww’s listing aligned perfectly with the numbers the market had already seen throughout the IPO cycle.
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