Overview
- Shares jumped as much as 11% on Tuesday to Rs 193.9, lifting market capitalisation to roughly Rs 1.15–1.16 lakh crore and taking gains to about 90% over the Rs 100 issue price in five sessions.
- Lalit Keshre’s 9.06% stake is now valued around Rs 10,556 crore, placing the Groww CEO in the billionaire ranks, with co-founders nearing that threshold.
- The November 12 debut followed an IPO priced at Rs 95–100 that was 17.6 times subscribed, combining a Rs 1,060 crore fresh issue with an offer for sale of about 55.72 crore shares.
- Early backers including Peak XV, Y Combinator, Ribbit and Tiger Global monetised holdings via the offer for sale, while the company plans to deploy fresh proceeds into margin trading, unsecured lending, wealth management and potential acquisitions.
- Brokerage commentary flags elevated valuations and a short trading history, with several advisers urging profit-taking or a wait for confirmation from Q2 FY26 results on Nov. 21; the trading window for insiders remains closed until 48 hours after the announcement.