The much-awaited IPO of online stockbroking platform Groww made its debut on the Indian stock market on Wednesday, November 12. The company’s shares were listed at a premium on both exchanges.
On the BSE, Groww shares opened at ₹114, which is ₹14 higher than the issue price of ₹100. On the NSE, the shares listed at ₹112, also showing a solid premium.
According to market experts, Groww’s IPO performed better than gray market expectations.
Before the listing, its unlisted shares were trading at ₹105 in the gray market — a gain of ₹5 — but the actual listing surpassed these estimates.
Share Performance on Listing Day
As of 11:45 a.m. on November 12, Groww shares were trading at ₹122.05 on the BSE, marking a 7.06% rise (around ₹8 gain).
During the session, the stock touched a high of ₹124.29 and a low of ₹112.02.
On the NSE, the stock showed similar momentum, trading at ₹122.05 — about ₹10 higher than the issue price — and hitting a high of ₹124.39 during the day.
Strong Investor Response
Groww’s IPO received an overwhelming response from investors, with an overall subscription of 18 times.
Qualified Institutional Buyers (QIBs): 22 times
Non-Institutional Investors (NIIs): 14.2 times
Retail Investors: 9.4 times
The strong demand reflects investor confidence in the company’s growth prospects and market potential.
