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Groww IPO lists with 14% gain closing at ₹128.85 above ₹100 issue price
Groww shares closed at ₹128.
Groww’s initial public offering debuted strongly on November 12, listing at ₹114 and closing at ₹128.85, marking a 28% premium to the ₹100 issue price. The IPO raised ₹5,200 crore, witnessing retail subscription of 8.2 times and QIB participation of 12.5 times. The online investment platform plans to deploy proceeds toward technology infrastructure and new financial product verticals.
Post-listing, Groww’s market capitalization stood at ₹52,000 crore, positioning it among India’s largest fintech firms. Analysts note strong retail interest despite broader market volatility.