Groww's ₹6,632 Crore IPO Soars 13% on Debut, Defying Market Volatility

Groww's highly anticipated ₹6,632 crore initial public offering (IPO) has seen strong investor demand, with the issue being subscribed 57% on its opening day. The IPO, which opened for subscription from November 4-7, 2025, is currently commanding a grey market premium of ₹13, or 13% above its issue price of ₹100.

This robust investor sentiment indicates a likely listing price of around ₹114 for Groww, reflecting the company's dominant position in India's retail investing space, its strong technology platform, and promising long-term growth prospects. The IPO, managed by a consortium of leading investment banks, will see a fresh issue of ₹1,060 crore and an offer for sale of ₹5,572 crore by existing shareholders.

Groww's financial performance has also been impressive, with the company reporting a 49% year-on-year rise in operating revenue to ₹3,901 crore in the fiscal year 2025. This sharp turnaround was driven by the company's asset-light business model and high customer retention, which helped it achieve an EBITDA margin of 60.8%. The platform's average revenue per user (ARPU) also rose to ₹3,339 in FY25, up from ₹2,541 in FY23, as it attracted more affluent investors.