Groww makes a blockbuster debut, List at 14% premium on BSE

Billionbrains Garage Ventures, the Bengaluru-headquartered company behind the popular fintech investment and brokerage platform Groww, made a blockbuster stock market debut today. 

Shares opened at approximately ₹114 on BSE, a 14% premium over the IPO issue price of ₹100. On the NSE, shares opened at around ₹112 (a ~12% premium). 

Soon after trading began, the stock gained further momentum, climbing to ₹123.94 by 10:20 AM.

IPO Details

The IPO was a book-building issue of ₹6,632.3 crore, consisting of a fresh issue of ₹1,060 crore and an offer for sale of ₹5,572.30 crore. The issue got a strong subscription of 17.6 times overall, with the highest interest from qualified institutional buyers (QIBs) at 22.02 times, followed by non-institutional investors at 14.20 times and retail individual investors (RIIs) at 9.43 times. 

Book-running lead managers for the IPO were Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, and Motilal Oswal Investment Advisors Limited. 

Company Overview

Groww is a leading D2C (direct-to-consumer) digital investment platform. Founded in 2016, it started as a mutual fund distribution platform (direct mutual funds) and quickly expanded into equities, IPOs, ETFs, digital gold, and derivatives (futures & options).

Groww is India’s largest and fastest-growing investment platform by active users on NSE as of June 30, 2025. 

The company’s revenue from operations grew at a CAGR of 127.70% from FY2022 to FY2025. For the full fiscal year 2025, revenue stood at ₹3,901.72 crore, up from ₹2,609.28 crore in FY 2024 and ₹1,141.53 crore in FY 2023. 

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