Overview
- Shares fell about 10% in early trade on Wednesday after five straight sessions of gains, yet remain roughly 90% above the Rs 100 issue price and about 65% over the NSE listing price.
- The stock hit intraday highs near Rs 194 this week, lifting market capitalisation to roughly Rs 1.15–1.16 lakh crore within days of listing.
- The board will meet on Nov. 21 to approve Q2 FY26 results, the company’s first earnings post-IPO, with investors watching whether Q1’s profit growth alongside lower operating revenue can sustain.
- Groww’s IPO combined a Rs 1,060 crore fresh issue with an OFS of 55.72 crore shares and closed 17.6 times subscribed, with proceeds earmarked for margin trading, unsecured lending and wealth management expansion.
- Exchange data on Tuesday showed over 3 million shares moving to the NSE auction window, a sign of delivery failures that market watchers linked to traders caught on the wrong side of the sharp rally.