Groww share price advances over 2% on Wednesday, January 21; things you need to know

The company on Tuesday announced the pilot launch of Groww Prime.

Shares of the company rallied as much as 2.17% to hit a high of ₹160.40 apiece on the NSE.

Groww Prime is a specialised opt-in feature designed to help users manage their mutual fund investments more effectively.

"By opting for this service, users can gain access to deeper portfolio insights, 24/7 chat support, and personalised guidance to help them make better investment decisions," Groww said in a statement, as reported by news agency PTI.

The feature will allow users to understand which mutual funds may suit their goals, how to balance their portfolio in line with their risk-return expectations, and how to navigate key investment decisions, redemptions, and rebalancing.

"Groww is a direct mutual fund platform built for DIY investors. Over the last few years, many of our customers have asked for features that can help them manage their mutual fund portfolios better, provide deeper research on schemes, and guide them in making important decisions. Groww Prime is a solution to this need. This will be an opt-in feature available with regular mutual funds," Harsh Jain, COO and co-founder of Groww, said.

Groww: Recent update

Last week, Groww said that the US-based asset manager State Street Investment Management will acquire a 23% stake in its wholly owned subsidiary, Groww Asset Management, for $65 million (₹580 crore).

The investment will be made in one or more tranches, with the total investment comprising ₹381 crore through secondary share purchases and about ₹199 crore in fresh capital, which could dilute Groww AMC's stake up to 23%, it said in a regulatory filing.

It added that Groww AMC has entered into an agreement with State Street Global Advisors Inc., which is an entity that operates under the “State Street Investment Management brand”, for an investment into the Bengaluru-headquartered firm.

Following this, the US-based firm has agreed "to invest up to ₹580 crore for a secondary purchase and primary subscription of shares resulting in dilution of up to 23% of the fully diluted share capital of Groww AMC".

Groww Q3 FY26 earnings

Groww posted a net profit of ₹547 crore for the third quarter of the current financial year (Q3 FY26), marking a decline of 28% from ₹757 crore in the same period last year.

Groww's revenue from operations, however, advanced 25% to ₹1,216 crore in the December quarter from ₹975 crore in the year-ago period.

Groww reported stable operational performance as its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation), also known as operating profit, rose 19% to ₹720 crore, and its EBITDA margin came in at 59%.

Groww IPO and listing details

Shares of Groww made a strong market debut on November 12, 2025, listing with a premium of 14% against the issue price of ₹100.

The initial public offering (IPO) of Billionbrains Garage Ventures received 17.60 times subscription on the final day of the share sale.

Billionbrains Garage Ventures garnered a little over ₹2,984 crore from anchor investors on November 3.

The firm had fixed a price band of ₹95-₹100 per share for its IPO, targeting a valuation of over ₹61,700 crore (about $7 billion).

The IPO had a fresh issue of equity shares worth ₹1,060 crore along with an offer for sale (OFS) component of 55.72 crore equity shares.