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Groww Ipo Listing: Groww made a splashy entry on Dalal Street, and investors are smiling!
The fintech star listed at ₹112 on NSE and ₹114 on BSE, a cool 12% jump over its issue price of ₹100. That’s what we call a Groww-ing start. The company raised a whopping ₹6,632 crore, proving investor confidence is sky-high. For those who got an allotment, congrats, your wait paid off!
For everyone else, it’s another case of missed it by that much. The fintech buzz is real, and Groww just showed the market how it’s done.
Groww IPO: Key Details
| Section |
Details |
| Issue Price |
₹100 per share |
| Subscription |
17.60x |
| GMP (Grey Market Premium) |
5% |
| Allotment Date |
November 10 |
| Listing Date |
November 12 |
Groww IPO: Issue Details
| Total Fund Raised |
₹6,632.30 crore |
| Fresh Issue |
10.60 crore shares worth ₹1,060 crore |
| Offer for Sale (OFS) |
55.72 crore shares worth ₹5,572.30 crore |
| IPO Allotment Finalisation |
November 10 |
| Lead Manager |
Kotak Mahindra Capital Co. |
| Registrar |
MUFG Intime India Pvt. Ltd. |
Groww IPO: Key Details
- The company raised a total of ₹6,632.30 crore from the IPO.
- This included a fresh issue of 10.60 crore shares worth ₹1,060 crore.
- An offer-for-sale (OFS) of 55.72 crore shares added ₹5,572.30 crore.
- The IPO allotment was finalised on November 10.
- Kotak Mahindra Capital Co. acted as the book-running lead manager.
- MUFG Intime India Pvt. Ltd. served as the registrar for the issue.
About Groww
Groww has gained fast and strong hold over the Indian retail brokerage market achieving an incredible CAGR of 101.7% in active clients through FY21 to FY25. It has a market share of 26.3% as of September 2025 and accounts for more than half of the new NSE clients in FY24.
With the in-house technology, the company has the upper hand, serving 50 million users and processing an equal number of orders every day with the support of seamless scalability and low operating costs.
Customer loyalty and engagement are also among the strengths of Groww, 89% of the users who use multiple products are still using the app, and a DAU/MAU ratio of 55–56% is maintained which is an indication of active participation. The company has thus been able to sell more mutual funds, loans, and margin products.
Started in 2016 by ex-Flipkart employees Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, Groww (operated by Billionbrains Garage Ventures) has become a powerhouse in the digital investment revolution in India and is a fintech leader.
(With Inputs)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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