Highlights: The Groww IPO has listed with a premium over the issue price. The shares listed at Rs 112 per share on NSE vs the issue price of Rs 100 per share. That’s a 12% premium on the issue price. On BSE, the shares are listed at Rs 114 per share, a premium of 14%.
| Groww India IPO | Key Details |
| Issue Price | Rs 100 per share |
| Subscription | 17.60x |
| GMP | 5% |
| IPO Allotment date | November 10 |
| Listing date | November 12 |
Groww IPO: Issue details
The company raised Rs 6,632.30 crores through a combination of 10.60 crore fresh shares, amounting to Rs 1,060 crores. There was an offer for sale of 55.72 crore shares aggregating to Rs 5,572.30 crores. The allotment for the IPO was finalised on November 10.
Kotak Mahindra Capital Co. worked as the book-running lead manager for the IPO, and MUFG Intime India was the registrar of the issue.
Groww IPO: Expert take
“At the upper price band of Rs 100 per share, the company is valued at a post-issue P/E of 40.79x, the valuation appears steep compared to peers. So we assign a ‘Neutral’ rating for investors with a long-term perspective,” said Angel One in an IPO note.
“At the upper price band, the stock is trading at a P/E of 33.8x FY25 EPS and 40.8x Q1 FY26 annualised EPS. Billionbrains Garage Ventures stands out as a strong player in India’s digital investing ecosystem. Its platform reach, product diversification and large user base offer a clear competitive edge. We recommend investors to ‘Subscribe’ to the issue at the cut-off price,” said SBI Securities.
Groww Share Price, IPO Listing, GMP Live: About the company
Billionbrains Garage Ventures runs the brand Groww. It is India’s largest and fastest-growing broking platform by active users on NSE as of June 2025. Groww had 12.6 million NSE active users as of June 2025. The number of active users on Groww’s platform grew at a CAGR of 53% between FY23 and Q1 FY26. The company was founded in 2016 by four ex-Flipkart colleagues named Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh. It offers a direct-to-customer digital investment platform to invest and trade in stocks, derivatives, bonds, ETFs, IPOs, and mutual funds (Groww Mutual Fund).