Groww’s much-watched listing arrived with strong momentum on 12th November, 2025. Shares of Groww (Billionbrains Garage Ventures Ltd) opened at ₹112 on the NSE and ₹114 on the BSE versus the issue price of ₹100, marking gains of 12% and 14%, respectively. Trading remained firm through the morning, with the stock touching intraday highs of ₹124 on both exchanges as investor interest carried over from a robust IPO subscription.
Offer Structure and Size
The ₹6,632.3 crore initial public offering (IPO) comprised:
- Fresh Issue: 106 million equity shares worth ₹1,060 crore.
- Offer for Sale (OFS): 557.2 million shares amounting to ₹5,572.3 crore.
The issue was priced in the range of ₹95 to ₹100 per share, and investors were required to apply for a minimum of 150 shares per lot.
Anchor Book and Institutional Participation
Ahead of the listing, Groww secured a strong anchor investor line-up, including:
Government of Singapore, Monetary Authority of Singapore, Abu Dhabi Investment Authority, Goldman Sachs, and Morgan Stanley.
This institutional confidence translated into heavy demand during the main bidding window.
Subscription Snapshot
Data from the exchanges showed that Groww IPO was subscribed 17.6 times overall, indicating broad-based participation across categories:
- Qualified Institutional Buyers (QIBs): 22.02×
- Non-Institutional Investors (NIIs): 14.20×
- Retail Individual Investors (RIIs): 9.43×
Why This Debut Matters
Groww’s listing highlights continued enthusiasm for India’s expanding fintech and investing ecosystem.
Key strengths cited in coverage include:
- Low customer acquisition cost.
- High monthly active users.
- Strong conversion from mutual fund to equity investing.
- Consistent growth in assets under management (AUM).
Analysts noted that Groww commands a 26% market share in active clients as of September 2025, cementing its position as India’s largest player in the stock broking sector.
Business Model and Use of Proceeds
While proceeds from the OFS will go to selling shareholders, the company plans to deploy the fresh issue funds for:
- Expanding cloud infrastructure.
- Brand building and performance marketing.
- Strengthening capital for subsidiaries — GCS (NBFC arm) and GIT (margin trading facility).
- Supporting strategic acquisitions and general corporate purposes.
Listing Day Highlights
- Listing Date: Monday, 10 November 2025
- Issue Price: ₹100 per share
- NSE Listing Price: ₹112 per share
- BSE Listing Price: ₹114 per share
- Intraday Highs: Around ₹124 on both exchanges
Also Read About These Debuts:
- Lenskart IPO: ₹7,278 Crore Issue Makes Subdued Market Debut, Shares Rebound Post Listing
- Studds Accessories IPO: Shares List 3% Below Issue Price Despite Strong Demand
- Orkla India IPO: Shares List at 3% Premium on Debut
- Midwest IPO: Shares Open About 9% Above Issue Price
- Canara HSBC Life Insurance IPO: Shares List Flat at ₹106, Edge 2% Higher Post Listing
Conclusion
Groww’s market debut delivered a double-digit premium over the issue price, supported by strong institutional participation and investor confidence in its scalable digital-first model. The company’s strategic focus on technology, brand visibility, and financial inclusion positions it as a key player in India’s evolving retail investment landscape.
The listing marks another milestone in India’s growing appetite for tech-driven financial platforms and signals investor readiness to back long-term digital growth stories in the capital markets.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
