Strong Start for Groww on Dalal Street
Mumbai, November 12, 2025:
Fintech giant Groww made a powerful entry into the Indian stock market on Tuesday, with its shares debuting at ₹112, about 12% above the issue price of ₹100. The listing on both BSE and NSE drew applause from investors, analysts, and market watchers who have long awaited the public debut of one of India’s most popular online investment platforms.
Groww’s listing marks one of the most closely followed IPOs in 2025, reflecting renewed confidence in India’s fintech ecosystem after months of cautious sentiment in the primary market.
The company’s ₹7,500 crore IPO was oversubscribed nearly 18 times, indicating strong retail and institutional demand. Within minutes of opening, Groww’s market capitalization crossed ₹50,000 crore.
What Drove the Strong Listing?
Several factors contributed to Groww’s impressive start:
- Retail investor trust: Groww has over 6 crore registered users and is known for its simple, transparent investment platform.
- Digital finance boom: India’s online trading and mutual fund markets have expanded rapidly post-COVID, giving fintechs a strong foundation.
- Solid financial performance: Groww reported over ₹1,800 crore in revenue for FY2024–25, up 70% year-over-year, and turned profitable earlier this year.
Market experts believe that the company’s wide user base and brand credibility made the IPO particularly attractive to long-term investors.
“Groww has become synonymous with retail investing in India. Its debut premium was expected, but sustaining this valuation will depend on consistent earnings,” said Anand Rathi, senior market analyst at AngelOne.
Analyst Views: Hold or Book Profit?
Despite the strong listing, analysts remain divided on the next move. Some recommend booking partial profits, while others suggest holding for the long term.
ICICI Direct advised investors to remain cautious. “The current valuation already prices in aggressive growth. Investors may consider holding for long-term compounding but avoid chasing the stock for short-term gains,” it said in a note.
On the other hand, Motilal Oswal Securities maintained a positive stance, highlighting Groww’s scalability and tech-driven model. “We believe Groww can continue to expand its product suite — insurance, credit, and mutual fund distribution — to drive revenue diversification.”
“Long-term investors should treat Groww like a tech play rather than a traditional brokerage. Volatility is natural, but the digital-first model remains future-ready,” said Swati Mehta, an independent market strategist.
Comparison With Other Fintech IPOs
Groww’s debut follows a trend of fintech listings in India. Platforms like Paytm, Zerodha (unlisted), and Policybazaar paved the way for digital finance IPOs.
However, unlike some previous listings that stumbled after overvaluation, Groww’s relatively conservative pricing helped it sustain early momentum. Experts note that the firm’s profitability and customer retention metrics provide a more stable foundation.
In comparison:
- Paytm had listed at a discount and took over two years to recover.
- Zerodha remains unlisted but dominates in active user count.
- Groww, now a listed entity, aims to blend the strengths of both — accessibility and innovation.
Financial Highlights
Groww’s latest financial disclosures show a sharp rise in revenue and user activity:
- Revenue (FY2024–25): ₹1,825 crore (up 70%)
- Net Profit: ₹310 crore (vs. ₹92 crore loss in FY2023–24)
- Active Users: 7.5 crore+
- AUM (Assets Under Management): ₹1.2 lakh crore
These numbers helped boost investor confidence ahead of the IPO.
However, analysts warn that profitability in fintech remains cyclical. Revenue depends on trading volumes and mutual fund inflows, both of which fluctuate with market sentiment.
Risks and Outlook
While Groww’s debut has been strong, analysts caution investors about key risks:
- Regulatory tightening: SEBI’s evolving framework for brokers and fintech firms may impact future margins.
- Competition: Players like Zerodha, Upstox, and Dhan are rapidly expanding their digital offerings.
- Valuation pressure: A 12% listing gain leaves little room for short-term upside unless earnings continue to accelerate.
Still, the long-term picture remains positive. India’s retail investor base has doubled in five years, and fintech adoption continues to rise.
Market Reaction
Investors on social media celebrated Groww’s debut as a win for the new-age startup ecosystem. The company’s CEO Lalit Keshre expressed gratitude on X (formerly Twitter):
“We started Groww to make investing simple for everyone. Today’s milestone belongs to our users, who believed in our vision. Thank you for making Groww a part of India’s financial story.”
Shares traded between ₹108 and ₹118 during the first session, with over 22 million shares changing hands on the NSE alone.
Broader Significance
Groww’s listing strengthens India’s reputation as a fintech innovation hub. It shows that digital-first financial startups can achieve both scale and profitability.
Experts believe this debut may encourage more fintech IPOs in 2026, especially in areas like robo-advisory, wealth tech, and digital lending.
Investor Takeaway
For long-term investors, Groww remains a promising fintech story — but one that requires patience. The stock’s first-day gains are encouraging, yet sustaining high valuations will depend on execution and regulatory clarity.
If you entered during the IPO, holding a portion could be wise. For new entrants, waiting for post-listing price stability might be safer.
In short: Hold if you believe in fintech’s future; book partial profits if you prefer near-term certainty.
Tanisha Singh writes for Hindi News 99, covering India news and technology with accurate and engaging updates.