Groww Share Price: Fintech Giant Debuts At 14% Premium On Dalal Street

Billionbrains Garage Ventures Ltd, the parent company of fintech unicorn Groww, delivered a strong listing on the Indian stock exchanges on Wednesday, outperforming grey market predictions. The Bengaluru-based company’s shares opened at ₹114 on the BSE, marking a 14% premium over its issue price of ₹100 per share and valuing the firm at ₹70,379 crore. On the NSE, Groww debuted at ₹112 per share, reflecting a 12% gain.

Ahead of its debut, Groww’s shares were quoting at a grey market premium (GMP) of ₹5, indicating a listing price around ₹105. This suggested a modest 5% gain; however, the stock exceeded expectations. The GMP had earlier peaked at ₹14.75 on November 5, 2025, before moderating closer to the listing day.

Strong Investor Response to ₹6,632 Crore IPO
Groww’s ₹6,632.3 crore initial public offering (IPO), open for subscription between November 4 and 7, saw an impressive 17.6 times overall subscription. The issue included a fresh share sale of ₹1,060 crore (10.6 crore shares) and an offer for sale (OFS) worth ₹5,572.3 crore by existing shareholders.

Category-wise, the Qualified Institutional Buyers (QIB) segment was subscribed 22.02 times, while Non-Institutional Investors (NII) subscribed 14.20 times. The retail investor category recorded 9.43 times subscription, highlighting broad-based interest across investor classes.

From Startup to Fintech Giant
Founded in 2017, Groww operates under Billionbrains Garage Ventures Ltd. and has emerged as one of India’s leading direct-to-consumer investment platforms. The app enables retail investors to seamlessly invest in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and U.S. equities.

With its IPO price band set at ₹95–₹100 per share, Groww was earlier valued at around ₹61,736 crore.
 

‘Billionbrains Garage Ventures Ltd. (Groww) made its debut on the stock market today, listing almost 12% above the upper valuation band of Rs 100, indicating strong demand among investors. The IPO has seen significant interest from investors, with a total subscription of 17.60 times and strong retail and Qualified Institutional Investor (Ex Anchor) subscriptions of 9.43x and 22.02x respectively, which is demonstrative of their high confidence in the business’ growth story. The company is the leading discount broker in India to facilitate growth and wealth creation through diversified financial products and services. The platform allows customers to invest and trade in stocks (with IPOs), derivatives, bonds, and mutual funds, and facilitates margin trading and personal loans. The number of active users on Groww’s platform increased at a CAGR of 52.74% from the beginning of Fiscal 2023 through the three months ended June 30, 2025.  While the brokerage industry can expect some near-term headwinds based on recently announced SEBI policy adjustments and regulatory changes, the long-term trend of financialisation and growing retail participation in the Indian capital markets should suggest a strong backdrop of opportunity. With India’s largest and fastest-growing investment platform based on active users, Billionbrains Garage Ventures Ltd (Groww) is well-positioned to take advantage of this momentum with its technology-enabled and customer-centric business model,’ as mentioned in a report by Master capital services 

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