Following Groww’s impressive stock market debut, a resurfaced message from CEO Lalit Keshre is making waves online, drawing attention to his enduring passion for the fintech platform he helped build. The IPO of Groww's parent company, Billionbrains Garage Ventures, saw shares open at a 14% premium on the Bombay Stock Exchange (BSE), listing at ₹114 compared to the IPO price of ₹100. On the National Stock Exchange (NSE), the shares debuted at approximately ₹112, a 12% increase over the issue price.

The IPO comprised a fresh issue of ₹1,060 crore and an offer for sale (OFS) of ₹5,572 crore by existing shareholders. The proceeds from the fresh issue are intended to fund cloud infrastructure, marketing initiatives, and capital infusion into subsidiaries like Groww Creditserv Tech and Groww Invest Tech.

The buzz around Keshre's commitment stems from a social media post by a Bengaluru-based founder who shared a message he received from the Groww CEO a few months prior to the IPO. The message, a simple invitation to connect, struck a chord with many as it highlighted Keshre's down-to-earth approach and genuine interest in the startup ecosystem.

Adding to the admiration, the founder noted that Keshre and his son were active users of his platform, Matiks. He quoted Keshre as saying he uses Groww for two hours daily and emphasized the importance of retention, praising Keshre's vision and consistency from being an early user in 2019 to an investor post-IPO.

Founded in 2016, Groww began as a direct mutual fund distribution platform and expanded into equities, IPOs, ETFs, digital gold, and derivatives. As of June 30, 2025, Groww is the largest and fastest-growing investment platform in India based on active users on the NSE.

The company's revenue has seen substantial growth, with a CAGR of 127.70% from FY2022 to FY2025. In FY2025, revenue reached ₹3,901.72 crore, a significant increase from ₹2,609.28 crore in FY2024 and ₹1,141.53 crore in FY2023.

The IPO received a strong subscription of 17.6 times overall, with significant interest from qualified institutional buyers (QIBs) at 22.02 times, followed by non-institutional investors at 14.20 times and retail individual investors at 9.43 times.

Analysts are optimistic about Groww's prospects, citing its strong customer growth, scalable business model, and market leadership in retail participation. Groww commands over 40% share in NSE's net active user additions and has a vast reach across 98% of pin codes.

However, experts also caution investors to be mindful of risks such as over-dependence on broking income, regulatory changes, and potential market volatility.

The company's market capitalization has reached ₹79,546.8 crore, exceeding that of its peers. The stock traded at ₹133 on both the BSE and NSE, reaching above ₹134 during intraday trading, marking a 34% return for IPO investors.

Groww's success is attributed to its user-friendly platforms, educational resources, and a wide range of investment options, simplifying the investment process for retail investors. Keshre's vision to democratize access to investment and financial services has been instrumental in shaping Groww's growth.

Lalit Keshre's journey began with a strong foundation in engineering, holding a Bachelor's degree in Engineering from IIT Bombay. Before Groww, Keshre held a senior product management role at Flipkart, where he launched Flipkart Quick and helped launch Flipkart Marketplace.

With Groww's successful IPO and Keshre's continuing dedication, the company is poised to further expand its reach and impact on India's financial landscape.