Investment platform Groww (Billionbrains Garage Ventures Ltd) made a robust debut on the National Stock Exchange (NSE) today, listing at Rs 112 per share, marking a 12% premium over its issue price of Rs 100. The stock opened at its day’s high of Rs 112 and maintained gains in early trade.
Strong IPO response
The Groww IPO received a stellar response from investors, subscribing 17.60 times overall. The Qualified Institutional Buyers (QIBs) segment led the rally with 22.02 times subscription, followed by Non-Institutional Investors (NIIs) at 14.20 times, and Retail Individual Investors (RIIs) at 9.43 times.
The issue aimed to raise Rs 6,632.30 crore, comprising a fresh issue of Rs 1,060 crore and an offer for sale (OFS) worth Rs 5,572.30 crore.
Grey market signals and objectives
Ahead of listing, Groww’s shares were trading at a 3% premium in the grey market, at around Rs 103 per share, reflecting moderate optimism among investors.
The IPO proceeds will be used for brand building and marketing, investments in subsidiaries like Groww Creditserv Technology and Groww Invest Tech Pvt Ltd, strengthening cloud infrastructure, funding inorganic growth through acquisitions, and general corporate purposes.
Financial performance
Groww has shown remarkable growth over the past three years:
| (₹ in crore) | FY25 | FY24 | FY23 |
|---|---|---|---|
| Revenue | 3,901.72 | 2,609.28 | 1,141.52 |
| Total Assets | 10,077.31 | 8,017.96 | 4,807.77 |
| Net Profit/(Loss) | 1,824.37 | (805.45) | 457.71 |
The turnaround from a loss of Rs 805 crore in FY24 to a profit of Rs 1,824 crore in FY25 underscores the company’s improving margins and expanding user base.
At 10:10 AM, Groww shares traded steady at Rs 112, with over 17.2 crore shares bid on the buy side and 15.0 crore shares on the sell side, reflecting strong listing-day demand.
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