Groww Share Price Live: Groww trades at Rs 122 on BSE, surging 22% from issue price after strong debut - Buy, hold or selll?

Brokerage firm Anand Rathi Research, in its IPO note, recommended investors to bet on Groww for its long-term growth potential. The brokerage highlighted that Groww is a leading player in India's retail investing space and, according to Google Trends, recorded the highest search interest in the country among the top 10 brokers (by NSE active clients, as per NSE data) during Fiscal 2025.

"Groww aims to strengthen its pan-India brand by focusing on trust, transparency, and financial inclusion, while expanding its customer base organically through word-of-mouth and operating leverage," Anand Rathi Research said in the note. The brokerage added that the company plans to diversify its product suite with offerings such as margin trading facility (MTF), commodity derivatives, API trading, wealth management ('W'), loans against securities (LAS), and bonds, to enhance customer engagement, wallet share, and average revenue per user (AARPU).

Prashanth Tapse, Senior Vice President (Research) and Research Analyst at Mehta Equities Ltd, said that investors who did not receive an allotment in the IPO can accumulate Groww shares and monitor the stock after listing, adding that they may consider buying more on any meaningful price correction.

According to Master Capital Services, Groww made its debut on the stock market today, listing nearly 12% above the upper end of its valuation band of Rs 100, highlighting strong demand from investors.

The initial public offering (IPO) witnessed significant investor interest, recording a total subscription of 17.60 times. Retail investors subscribed 9.43 times, while Qualified Institutional Investors (excluding anchor investors) subscribed 22.02 times, reflecting high confidence in the company's growth prospects.

Groww is one of India's leading discount brokers, focused on enabling growth and wealth creation through diversified financial products and services. The platform allows investors to trade and invest in stocks (including IPOs), derivatives, bonds, and mutual funds, and also offers margin trading and personal loan facilities.

The shares of Billionbrains Garage Ventures, the parent company of leading stock broking platform Groww, listed at Rs 114 apiece on BSE on November 12. This marks a premium of 14 percent over the IPO price of Rs 100 per share. On NSE, the shares listed with 12 percent premium over the IPO price at Rs 112 apiece. Its market capitalisation at debut stood at Rs 69,144 crore. (Read More)

Highlighting Groww's investment case, Nuvama Institutional Equities noted that a major factor behind Groww's lower client acquisition cost (CAC) is its strong organic growth, with over 80% of customers acquired organically. The brokerage added that Groww's CAC per activated client for FY25 stands at Rs 1,441, significantly lower than AngelOne's ₹6,076.

Nuvama also pointed out that Groww's lower CAC contributes to higher EBITDA margins of 59.7% compared with AngelOne's 41.1%, along with a superior FY25 return on equity (RoE) of 49.5%.

Groww Share Price Live: Listing ceremony begins

Wealth-tech firm Groww saw active investor growth in October after its investor base declined for nine months, reporting an addition of 1.4 lakh active investors, according to NSE data. The Bengaluru-based firm, which is the country’s largest stockbroker by active investors, had around 1.2 crore active investors at the end of October, ahead of its public listing on November 12 in the country’s stock exchanges. (Read More)

The last grey market premium (GMP) for the Groww IPO is Rs 5, as of November 12, 2025, 07:34 AM. With the price band at Rs 100, the estimated listing price of the Groww IPO is Rs 105 (upper band plus today's GMP). The expected percentage gain per share is 5.00%.

Groww, BSE, Transrail Lighting, Torrent Power, Gujarat Fluorochemicals, Zaggle Prepaid, Awfis Space, PC Jeweller, Thermax in focus on 12 November (Read More)

Founded in 2017, Billionbrains Garage Ventures (Groww) operates a direct-to-customer digital investment platform, providing retail investors access to a wide range of financial products including mutual funds, equities, derivatives, ETFs, IPOs, digital gold, and U.S. stocks. Its mobile app has gained significant traction among retail investors. The company also offers services such as margin trading, algorithmic trading, new fund offers, and credit products.

Tapse added, "We recommend investors who received allotments to hold through listing, while new investors can consider entering post-listing if valuations remain reasonable."

"Groww represents a strong structural story and can act as a proxy for India's expanding capital market participation," Tapse said.

Prashanth Tapse, Senior Vice President (Research) at Mehta Equities, said Groww shares could list with a gain of 5 to 10 percent, supported by positive market sentiment, though recent subdued listings may temper optimism.

"Investors looking for long-term value can hold the stock, while those seeking partial profit booking may do so and retain the rest for long-term gains," Solanki said.

Solanki added that Groww aims to strengthen its brand through trust and transparency while expanding its customer base organically.

He noted that at the upper price band, Groww is valued at 33.8 times FY25 P/E, implying a post-issue market capitalisation of Rs 61,736 crore.

Narendra Solanki, Head of Fundamental Research - Investment Services at Anand Rathi Shares and Stock Brokers, said, "We expect the company to list at a premium to its issue price, given the current grey market trends."

Nyati added that while the grey market premium (GMP) reflects optimistic listing sentiment, much of Groww's future value creation depends on its ability to sustain user growth, enhance monetisation, and achieve profitable scale in a competitive market.

She noted that the valuation seems high compared to traditional brokerages because of expectations of future high growth.

According to Nyati, the IPO has seen strong investor interest due to Groww's high brand recall and the broader structural tailwinds in India's financialisation story.

Nyati highlighted that the company has quickly expanded its active investor base, especially among first-time millennial and Gen-Z investors. Groww has gained market share by focusing on simplicity, transparent pricing, and a tech-driven operating model.

Shivani Nyati, Head of Wealth at Swastika Investmart, said Groww (Nextbillion Technology Pvt. Ltd.) is one of India's fastest-growing online investment platforms, offering direct mutual funds, equity trading, and other financial products through a mobile-first, user-friendly interface.

The IPO price band was set between Rs 95 and Rs 100 per share, with a face value of Rs 2 each.

During the subscription period, the company raised Rs 6,632 crore. The proceeds will be used for marketing, technology upgrades, inorganic expansion, NBFC capital infusion, and general working capital needs.

Investor attention has turned to the IPO's debut performance. Grey market trends indicate the shares could list slightly higher than the issue price. Market sources report the grey market premium (GMP) at Rs 3 per share, implying a potential listing price around Rs 103, based on the upper band of Rs 100-a possible 3% gain for early investors.

The company's Rs 6,632-crore initial public offering, open for subscription from November 4 to 7, was oversubscribed over 17 times, driven largely by institutional investors.

Billionbrains Garage Ventures, the parent company of stockbroking platform Groww, is set to make its stock market debut today, November 12, following the completion of the IPO allotment process.