Groww share price rises 17% on Day 2 of listing, surges over 53% from IPO issue price

Intraday, it advanced as much as 16.88% to ₹153.5. The stock is up 10.45% to ₹145.12 apiece on the National Stock Exchange (NSE) at 1:01 pm. Its market capitalisation stands at ₹89,770.27 crore.

The scrip has risen 53.5% over the issue price of ₹100 per share at the intraday level.

The company's shares opened for trading at ₹112, reflecting a premium of 12% over the issue price on NSE on Wednesday. It listed at ₹114, up 14% on the BSE.

The IPO was a fresh issue of equity shares valued at ₹1,060 crore, along with an offer for sale (OFS) component of 55.72 crore equity shares worth ₹5,572.30 crore.

Groww's parent, Billionbrains Garage Ventures, which is backed by marquee investors like Tiger Capital, Peak XV and Microsoft CEO Satya Nadella, intends to use proceeds from the public issue to invest in technology development and business expansion.

Under the OFS, Peak XV Partners Investments VI-1, Internet Fund VI Pte Ltd, YC Holdings II, GW-E Ribbit Opportunity V, Ribbit Capital V, Kauffman Fellows Fund, Alkeon Innovation Master Fund II, Sequoia Capital Global Growth Fund III, Propel Venture Partners Global US and Alkeon Innovation Master Fund II Private Series divested their shares.

The initial share sale received a total subscription of 17.60 times, with bids for 6,41,87,00,400 shares against 36,47,76,528 equity shares on offer.

The non-institutional investors' (NIIs) part was subscribed 14.20 times, while the retail segment fetched 9.43 times subscription. The portion for qualified institutional buyers (QIBs) received 22.02 times subscription.

Prior to the initial public offering, Groww had raised ₹2,984.5 crore from anchor investors.

Founded in 2016, Groww is a stock brokerage company with more than 12.6 million active clients and a market share of over 26% as of June 2025.