The Groww IPO listed at a premium on November 12, 2025. Shares opened at ₹112 on the NSE, reflecting a 12% gain, and at ₹114 on the BSE, a 14% premium over the issue price of ₹100 per share.
The Groww IPO received a strong response, with the issue subscribed 17.60 times overall. The retail segment saw a subscription of 9.43 times.
Key IPO Figures:
The company raised ₹6,632.30 crore through the IPO, consisting of a fresh issue of 10.60 crore shares worth ₹1,060 crore, and an offer for sale (OFS) of 55.72 crore shares aggregating ₹5,572.30 crore.
Kotak Mahindra Capital Company Limited acted as the book-running lead manager, and MUFG Intime India Private Limited was the registrar to the issue.
Groww is India’s largest retail stockbroker by active clients. The company provides investment services through its digital platform, offering equity, mutual funds, and other investment products.
Its active client base grew at a CAGR of 101.7% between FY21 and FY25, compared with the industry average growth of 27%.
Groww’s market share rose to 26.3% in FY25, an increase of 2,213 basis points from FY21. Its share of active clients on the NSE for the September 2025 quarter stood at 26.3%.
During FY24–FY25, Groww accounted for 51% of incremental NSE active clients, while in FY25, it contributed 40% of incremental additions. The company’s cash active clients rose 47.7% between FY24 and Q1 FY26 to 10.3 million.
The IPO consisted solely of a fresh issue and offer for sale. The fresh issue aimed to raise ₹1,060 crore for growth and expansion, while existing shareholders sold 55.72 crore shares through the OFS, amounting to ₹5,572.30 crore.
The issue was made through the book-building process under SEBI regulations, with allocations across Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs).
On listing day, Groww shares opened higher than the issue price on both exchanges. The shares listed at ₹112 on NSE and ₹114 on BSE, marking a 12–14% premium.
The listing followed strong demand during the subscription period and reflected the level of investor participation recorded in the IPO process.
Read More: Groww IPO Allotment Status.
Groww shares debuted at a 12–14% premium over the issue price of ₹100 per share. The company’s IPO was subscribed 17.6 times in total, with active interest from both retail and institutional investors.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Nov 12, 2025, 10:09 AM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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