Groww makes blockbuster market debut, shares jump 31%

Online investment platform Groww made a spectacular stock market debut on Wednesday, with its shares soaring nearly 31 per cent above the issue price, signaling strong investor confidence in the Bengaluru-based fintech firm.

Shares of Billionbrains Garage Ventures, Groww’s parent company, opened at Rs 114 on the BSE 14 per cent higher than the issue price of Rs 100 and closed at Rs 130.94, marking a 30.94 per cent gain. On the NSE, the stock listed at Rs 112 and ended the day at Rs 128.85, up 28.85 per cent.

Intra-day, Groww’s shares hit highs of around Rs 134 on both exchanges, taking its market valuation to Rs 79,547 crore by the end of the session. Trading volumes were robust, with over 52 crore shares changing hands on the NSE and 6 crore on the BSE.

The stellar debut followed a strong response to Groww’s Initial Public Offering (IPO), which was 17.6 times oversubscribed. The company had raised Rs 2,984 crore from anchor investors earlier this month.

Priced between Rs 95 and Rs 100 per share, the IPO included a fresh issue of Rs 1,060 crore and an Offer for Sale (OFS) of 55.72 crore shares, pegging Groww’s valuation at over Rs 61,700 crore (USD 7 billion).

Backed by marquee investors such as Peak XV Partners, Tiger Global, and Microsoft CEO Satya Nadella, Groww plans to use the IPO proceeds to enhance its technology and expand business operations.

Founded in 2016, Groww has rapidly grown into India’s largest stockbroker, with 12.6 million active clients and a 26 per cent market share as of June 2025. The company was among the first Indian startups to use SEBI’s confidential pre-filing route for IPOs, allowing greater flexibility in regulatory disclosures.

The broader market also ended higher, with the BSE Sensex rising 595 points to 84,466.51 and the NSE Nifty climbing 180.85 points to 25,875.80.