Overview
- Shares jumped as much as 17.2% in the second session to ₹153.50, lifting gains to roughly 46–53% over the ₹100 issue price, with market value around ₹89,500–₹90,800 crore and briefly above the $10 billion mark.
- The public offer raised ₹6,632.3 crore, including a ₹1,060 crore fresh issue and an offer for sale of 55.72 crore shares worth about ₹5,572.3 crore.
- On debut day, the stock closed about 31% above issue at ₹130.94 on the BSE and ₹128.85 on the NSE, after listing at a 12–14% premium.
- Early backers booked large gains via the OFS, including Peak XV Partners (~₹1,582 crore; ~52x), Y Combinator (~₹1,054 crore), and Ribbit Capital (~₹656 crore).
- Groww reports profitability (FY25 net profit ₹1,824.4 crore; Q1 FY26 ₹378.4 crore) and scale (~1.7–1.8 crore active users; ~26% retail share), as brokerages praise its position but flag rich valuations, revenue concentration, and regulatory or cybersecurity risks.