Groww Share Price Update: Stellar Listing Sees Profit Booking After Initial Surge

Market Performance

Groww shares saw significant volatility in the initial days following their market debut. On November 13, the stock experienced profit booking after a strong run, rising sharply over its listing price in just two days.

• At intraday highs, Groww stock surged up to 17% above its listing price.
• By 12:45 pm, the shares had cooled off, falling 7 percentage points from the day’s peak.
• The company’s market capitalization briefly touched nearly ₹1 lakh crore during intraday trading.

The initial surge highlights the strong market interest in Groww shares, reflecting investor enthusiasm and confidence in the company’s growth story.

IPO and Listing Highlights

Groww’s parent company, Billionbrains Garage Ventures, made a notable market debut:

• IPO price band: ₹95–100 per share
• Listing day performance: 12% premium above issue price, closing with a 31% gain against ₹100
• Subscription: 17.6 times on the final day of the IPO
• Funds raised from anchor investors: ₹2,984 crore on November 3
• IPO structure: ₹1,060 crore fresh issue of equity + Offer for Sale (OFS) of 55.72 crore shares

The IPO targeted a valuation of over ₹61,700 crore (≈$7 billion), marking one of the largest and most-watched listings in the recent market cycle.

Company Overview

Founded in 2016, Groww has rapidly emerged as one of India’s leading stockbrokers. Key highlights of the company’s operations and market presence include:

• Over 12.6 million active clients as of June 2025
• Market share exceeding 26% in the Indian retail brokerage segment.
• Supported by prominent investors, including Peak XV, Tiger Capital, and Microsoft CEO Satya Nadella.
• Plans to use IPO proceeds for technology development and business expansion
• Headquartered in Bengaluru, with a growing national footprint

The company leveraged the confidential pre-filing route with SEBI for its IPO, allowing flexibility and strategic timing in revealing its listing details—a strategy increasingly popular among Indian firms.

Summary

Groww’s market debut has been marked by rapid gains and subsequent profit booking, reflecting strong investor interest and market confidence. The company’s impressive client base, robust market share, and strategic plans for expansion underscore its position as a leading player in India’s stockbroking sector.