Groww says casual F&O traders are exiting as SEBI’s derivatives rules tighten. Profits rise, core users trade more actively despite revenue pressure.
Groww’s red herring prospectus disclosed that the company had paid a total of Rs 614 crore one-time incentives to founders during the last fiscal
Groww share price dropped to an intraday low of Rs 154.10 on the NSE, down 9.29 percent from its previous close.
Groww shares declined for the first time since last week’s listing, with analysts attributing the downturn to profit-booking following the sharp post-listing rally.
Keshre currently holds 55.91 crore shares, representing a 9.06 percent stake in Groww. With the stock trading at record Rs 169 a share, his holding is valued at Rs 9448 crore, placing him around the $1 billion mark.
Groww shares have gained 54 percent since listing on November 12.
In this conversation, Agrawal explains why Peak XV resisted selling in multiple up-rounds, how early product calls set Groww apart, why public-market readiness begins years before listing and and what the firm is betting on as it looks for the next Groww.
With this, Peak XV will rank among the most successful VC firms in terms of exits, as it stands to gain over $2.6 billion, with several of its portfolio companies, including Meesho and Wakefit, expected to go public in the coming years.
At day's high on November 13, Groww stock commanded a market cap of nearly Rs 1 lakh crore
On November 12, shares of Groww made a remarkable market debut by closing with a premium of nearly 31% against the issue price of Rs 100
Groww seemed like a company that was valued almost at par with peers, and the premium was attributed to operational metrics, rather than technology
Groww made a good IPO debut, reflecting healthy investor confidence driven by strong brand recall and rapid user growth in the Indian digital investing ecosystem, said Shivani Nyati of Swastika Investmart
The Rs 6,632-crore initial public offering (IPO) received strong investor response, subscribing 17.60 times overall. The company raised Rs 2,984 crore from anchor investors
Analysts advised investors to hold Groww shares for long term as it represents a strong structural story and can act as a proxy for India’s expanding capital market participation.
Groww shares will be listed on both NSE and BSE on November 12, following a 18 times subscription to its Rs 6,632-crore issue.
Mithun Sacheti said he has made around 140 investments before the CaratLane exit and around 20 afterwards, though the cheque sizes have grown since. Sacheti added that he is a big fan of Groww.
India’s largest brokerage by active clients Groww’s Rs 6,632-crore IPO has opened for subscription, although its valuations appear steep compared to peers.
Groww IPO shares will be listed on November 12, while the allotment is expected by November 10.
Groww IPO shares will be listed on November 12, while the allotment is expected by November 10.
The business is dependent on capital markets and hence, inherently cyclical
Groww IPO | The company aims to raise Rs 1,060 crore via fresh shares, while marquee investors including Peak XV Partners, YC Holdings, Tiger Global Management, Sequoia Capital, Alkeon Capital Management and Ribbit Capital will offload 55.72 crore shares worth Rs 5,572.3 crore at the upper price band.
The IPO will rank among the largest offerings so far in 2025, following floats by the likes of Tata Capital, LG Electronics India and HDB Financial
For FY25, the Bengaluru-based fintech reported revenue of Rs 4,056 crore and net profit of Rs 1,899 crore, with net margins of 44.85%
Groww shares are scheduled to be listed on November 12.
Groww announced the IPO price band of Rs 95 to Rs 100, which values the company at around Rs 62,500 crore ($7.1 billion)