Groww Share Price LIVE Updates: GMP, Experts Hint at Decent Debut of Shares in the Indian Stock Market
Shares of Billionbrains Garage Ventures Ltd, the parent company of the online stockbroking platform Groww, are set to debut on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) today, November 12, 2025. The initial public offering (IPO), which closed on November 7, aimed to raise ₹6,632.30 crore. The IPO comprised a fresh issue of shares worth ₹1,060 crore and an offer for sale (OFS) of ₹5,572.30 crore by existing investors. The company priced the shares between ₹95 and ₹100 per share. Allotments were already credited to demat accounts on Tuesday.
The IPO witnessed strong investor interest, with an oversubscription of 17.6 times overall. The qualified institutional buyers (QIB) segment was subscribed 22 times, signaling institutional confidence. Retail participation was also robust, with bids at 9.43 times the shares reserved.
Grey Market Premium (GMP) Trends
Ahead of the listing, the grey market premium (GMP) has played a crucial role in indicating potential listing-day performance. However, the GMP for Groww's IPO has seen some fluctuation. The GMP, which is an unofficial indicator of investor sentiment, reached a high of ₹16 per share on November 4 but has since softened to around ₹3-₹5 per share. This subdued GMP suggests that the market is now cautious about significant listing-day gains.
According to market sources on November 12, the grey market premium (GMP) for the Groww IPO stood at ₹3-₹5 per share, indicating that the Groww IPO shares are likely to list slightly higher than the issue price. Considering the GMP and the Groww IPO's upper band issue price of ₹100, the Groww IPO was expected to debut on the exchange at around ₹103-₹105, representing a 3-5% premium.
Expert Opinions and Expectations
Despite the softened GMP, analysts maintain a positive outlook on Groww's listing. Shivani Nyati, Head of Wealth at Swastika Investmart, noted the strong investor interest due to the platform's high brand recall and the broader structural tailwinds in India's financialization story. However, she added that the valuation appears steep relative to traditional brokerages.
Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said, “On listing day, Groww is expected to open with a +~5% to +10% gain, supported by positive market sentiment, although recent weak listings such as Lenskart and Orkla may limit exuberance". He added that Groww's valuation appears justified given its rapid customer growth, brand recognition, and scalable business model.
Nitin Jain, Sr Research Analyst at Bonanza, stated that with a GMP of around Rs 6.5 to Rs 17.25, the price could range from Rs 101.5 to Rs 117.25 per share.
Factors Influencing Listing
Several factors could influence Groww's listing performance. These include:
- Underlying demand from institutional desks: The level of buying interest from institutional investors will be a key driver of the opening price.
- Overall market mood: The general sentiment in the stock market will impact investor appetite for the stock.
- Turnover and price support during the initial hours of trade: Active trading and price stability in the early trading hours can boost investor confidence.
Company Overview and Financials
Founded in 2017, Groww has become one of India's most popular fintech platforms for retail investing. The Bengaluru-based company offers access to mutual funds, stocks, derivatives, exchange-traded funds (ETFs), and IPOs through a single app. Groww has a large user base, with over 10 crore registered users and significant penetration into smaller cities.
In FY25, Groww reported a net profit of ₹1,824 crore on revenues of ₹4,061 crore. This represents a 45% increase in topline and a strong turnaround from previous losses.
Listing Significance
Groww's debut is viewed as a sentiment check for new-age financial services IPOs. The stock's performance will likely influence upcoming fintech and wealth-tech listings in 2026.
