The stockbroking firm Groww made a strong market debut on Wednesday, following its Initial Public Offering (IPO), with shares listing at a significant premium over the issue price of ₹100. On the BSE, the stock commenced trading at ₹114, marking a 14% gain, while on the NSE, it opened at ₹112, representing a 12% premium.
The successful listing immediately propelled the Bengaluru-headquartered company’s market capitalization to nearly ₹73,786.83 crore on the NSE. Groww, founded in 2016, has rapidly become India’s largest stockbroker, commanding a market share exceeding 26% and serving over 12.6 million active clients as of June 2025.
The company utilized the confidential pre-filing route for its IPO, having submitted draft papers to SEBI in May and receiving regulatory approval in August. This increasingly popular route among Indian firms allows companies to delay the public disclosure of Draft Red Herring Prospectus (DRHP) details until the later stages of the process, providing greater flexibility in managing their IPO plans. The strong debut is a testament to investor confidence in Groww’s digital-first business model and its dominant position in India’s rapidly growing retail investment landscape.
