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Groww opens at 14% above IPO price
Billionbrains Garage Ventures Ltd., the parent company of investment platform Groww, made a strong debut on the Indian stock exchanges on November 12, 2025.
The shares listed at a 12–14 % premium over the issue price of ₹100 and closed 29 % higher at ₹128.85.
The strong listing pushed Groww’s market capitalization to about ₹91,500 crore, highlighting investor confidence in the fintech company and India’s growing retail investing market.
Groww IPO 2025 Listing and Market Performance
Groww’s ₹6,632 crore initial public offering received strong investor interest, with subscriptions coming in more than 20 times the shares offered.
On listing day, the stock opened at ₹112 on the National Stock Exchange and ₹114 on the Bombay Stock Exchange, before rising steadily to ₹128.85 by market close.
The initial market cap based on the IPO price was around ₹79,500 crore, which rose to ₹91,500 crore as trading progressed.
Analysts noted that the positive debut reflected confidence in Groww’s simple digital platform and its expanding role in India’s retail investing sector. The steady gains also pointed to healthy long-term interest in fintech stocks.
Groww Financials FY25 and Business Overview
Groww’s strong business performance supported its successful IPO debut. The company has shown steady growth in revenue, profitability, and user base, which helped attract investor confidence. Key financial and operational highlights include:
Revenue (FY25): ₹3,902 crore, up 49% year-on-year, reflecting strong growth in user activity and transactions.
Net profit: ₹1,824 crore, marking a turnaround from previous losses and signaling a sustainable business model.
Active clients: 11.9 million, demonstrating a growing base of digital investors choosing Groww for investment solutions.
Market share: 26.3% in India’s retail broking segment, positioning Groww as a major competitor to established platforms like Zerodha.
Founded in 2016 in Bengaluru by former Flipkart employees Lalit Keshre, Harsh Jain, Ishaan Bansal, and Neeraj Singh, Groww has become one of India’s leading investment platforms.
Its app and website allow users to invest in stocks, mutual funds, and other financial products with simplicity and transparent pricing, which has helped the company gain trust among a large number of retail investors.
Backed by investors such as Y Combinator, Groww has steadily increased its trading volumes and expanded its user base.
Also Read: Groww shares list at 14% premium over IPO price on BSE, 12% on NSE
Groww vs Zerodha and Market Outlook
With its rapid growth, Groww has now surpassed Zerodha in active users, strengthening its position in the retail broking market. Experts expect the company to use proceeds from the IPO to improve its technology, expand product offerings, and grow its presence in smaller cities.
The strong debut also reflects investor interest in India’s fintech sector. As more people turn to online platforms for investments, Groww’s listing underscores the increasing role of digital finance in India. Analysts believe the company is well-placed for steady growth in the years ahead.