Groww Makes Stock Market Debut: A Landmark Day for Indian Fintech
The Indian stock market is set to welcome a major new player today as shares of Billionbrains Garage Ventures, the parent company of the popular stock broking platform Groww, are scheduled for their debut. This highly anticipated listing marks a significant moment for the country's growing fintech sector.
Key Details of the Groww Listing
The Groww listing date is set for Wednesday, November 12, with the shares going live on the bourses at 10:00 IST. In a notable move, the debut will occur within a Special Pre-open Session (SPOS), as confirmed by a BSE notice. Market analysts have been optimistic, predicting that the Groww IPO's expected listing price will see decent gains when compared to its initial issue price.
The final Groww IPO allotment status was determined on Monday, November 10. The public offer, which opened for subscription on Tuesday, November 4 and closed on Friday, November 7, witnessed a strong response from investors. According to BSE data, the Groww IPO subscription status reached an impressive 17.60 times on the final day of bidding.
Price Band and Grey Market Signals
The company had set its Groww IPO price band at ₹95 to ₹100 per share. The grey market premium (GMP), often an indicator of market sentiment, provided positive signals. With the Groww IPO GMP today at ₹5, the estimated listing price was indicated at around ₹105 per share. This suggests a 5% gain over the upper end of the IPO price band, offering early subscribers a healthy return on the very first day.
Founded in 2016, Groww has experienced meteoric growth, emerging as India's largest stockbroker. As of June 2025, the platform boasts a massive user base of over 12.6 million active clients and commands a formidable market share of over 26%, solidifying its position as a dominant force in the retail investing landscape.
