Online investment platform Groww opened its ₹1,060 crore IPO on November 4, drawing robust retail participation on Day 1. The offer, which closes on November 7, includes a fresh issue and an offer for sale by existing shareholders, with a price band of ₹95–100 per share.
By the end of the first day, the IPO was 57% subscribed overall, while the retail portion was oversubscribed 1.9 times, indicating strong investor interest. The stock is trading at a ₹17 grey market premium, implying a potential 17% listing gain at the upper price band.
Groww commands about 26% market share in its segment and has 12.6 million active clients as of June 2025. For FY25, the company reported ₹4,056 crore in revenue and a 44% net profit margin.
At the upper end of the price range, Groww’s P/E ratio stands at 40.8×, which analysts find high. While most recommend a ‘Subscribe for Long Term’, they caution that the business remains dependent on retail trading volumes and regulatory shifts.
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