Groww shares list at 14% premium: Hold or book profit?
What's the story
Groww, India's leading digital investment platform, has made a stellar debut on the stock exchanges. The company's shares opened at ₹114 per share on the BSE and ₹112 on the NSE. This is a premium of 14% over its issue price of ₹100 on the BSE and a 12% premium on the NSE. The company's ₹6,632 crore initial public offering (IPO) was open for subscription from November 4 to November 7 at a price band of ₹95-100 per share.
Subscription details
Groww's IPO oversubscribed by 17.6 times
The IPO consisted of a fresh issue of ₹1,060 crore and an offer for sale (OFS) of ₹5,572 crore. According to exchange data, Groww's IPO was oversubscribed by 17.6 times in total. The retail portion was subscribed 9.43x while QIBs (excluding anchors) subscribed 22.02x and Non-Institutional Investors (NIIs) subscribed 14.2x during the subscription period from November 4-7.
Investor interest
Groww raised ₹2,984.5 crore from anchor investors
During its IPO process, Groww raised ₹2,984.5 crore from anchor investors. The company attracted participation from marquee names such as HDFC Mutual Fund, Kotak Mutual Fund, SBI Mutual Fund, Nippon India, Abu Dhabi Investment Authority and Goldman Sachs. Despite a slowdown in India's retail broking space, Groww was the only major player to record growth in October 2025.
Growth trajectory
Financial performance of the company
The Bengaluru-based company's operating revenue grew nearly 50% year-on-year to ₹3,902 crore in FY25, while its profit jumped to ₹1,824 crore during the same period. However, in Q1 FY26, Groww's revenue fell by around 10% YoY to ₹904.4 crore with a profit of ₹378.36 crore. According to NSE data, the company added 1.38 lakh active demat accounts in October 2025 alone taking its total to 1.2 crore with a market share of 26.6%.
Viewpoint
Hold the stock for 2-3 years
Analysts largely recommend holding the stock for 2-3 years or the medium-to-long term. They believe Groww represents a strong structural play on India's expanding retail participation in the capital markets. Allottees may also consider booking partial profits and holding the rest. Non-allotted or new investors are generally advised to monitor the post-listing performance and consider accumulating the stock on meaningful dips or corrections once the initial volatility stabilizes.