Groww IPO Listing: Key Things Investors Should Watch Before the Stock Hits NSE & BSE

Mumbai | November 11 – Shares of Billionbrains Garage Ventures Ltd, the parent of online brokerage Groww, are set to make their stock market debut on the NSE and BSE on November 12 at 10:00 AM. The ₹6,632.30 crore public offering, which closed on November 7, drew strong investor interest, but the grey market premium (GMP) has turned subdued ahead of listing — making the first trading session crucial to watch.

The IPO saw a combination of new shares worth ₹1,060 crore and an offer for sale (OFS) of ₹5,572.30 crore by existing investors. The company priced the shares at ₹95–₹100 per share, with allotments already credited to demat accounts on Tuesday.

Strong Subscription, but Softer Grey Market Premium

Demand for the IPO was solid, with the issue subscribed 17.6 times overall.
The QIB segment was subscribed 22 times, signalling institutional confidence in the platform’s scale and long-term potential.
Retail participation was also robust, with bids at 9.43 times the shares reserved.

However, in the unlisted market, the GMP has slipped to around ₹4 per share, compared with premiums of ₹12–₹16 seen earlier. A falling GMP typically indicates that the market is cautious about listing-day gains, possibly due to broader volatility and profit-booking sentiment in recently listed internet-led businesses.

Also Read: Groww IPO Allotment: Finalisation Timeline, GMP, and Step-by-Step Guide to Check Status on NSE, BSE, and Registrar

What to Watch on Listing Day

The opening price on Wednesday will reflect three key factors:

1. underlying demand from institutional desks,
2. overall market mood, and
3. turnover and price support during the initial one hour of trade.

If markets trade firm, Groww could open at a moderate premium. A weak broader market tone, however, may see the stock list closer to the issue price.

Business and Financial Context

Groww today is among India’s largest retail broking platforms, with 12.6 million active clients as of June 2025. The company has built scale through digital onboarding, simple product design, and strong brand recall among younger investors.

Financially, revenue has seen rapid expansion — rising from ₹1,141 crore in FY23 to ₹3,901 crore in FY25 — while profitability has swung sharply due to expansion costs and investments into subsidiaries. The company reported a net profit of ₹1,824 crore in FY25, compared to a loss in FY24, which will be a factor closely tracked post-listing.

Why Listing Matters for Retail Investors

Groww’s debut is being viewed as a sentiment check for new-age financial services IPOs, especially at a time when retail participation in equities remains strong. The stock’s performance on Wednesday will also influence upcoming fintech and wealth-tech listings lined up for 2026.

Stay updated on the latest IPO news, listing schedules, and upcoming offers by visiting our page.

Disclaimer: The Grey Market Premium (GMP) is an unofficial indicator of investor sentiment and is not regulated by SEBI. It should not be considered the sole basis for investment decisions.