Fintech major Groww made a strong debut on the stock markets on Wednesday, listing at ₹112 per share — about 12% higher than its issue price of ₹100. The performance signals strong investor confidence in India’s rapidly expanding digital investment and fintech space.
Market analysts noted that the listing was largely in line with expectations, driven by Groww’s strong brand presence, technology-led platform, and loyal user base among young investors.
Shivani Nyati, Head of Wealth at Swastika Investmart, said, “Groww’s debut at around 12% above its issue price reflects solid investor sentiment. The platform’s low customer acquisition cost, mobile-first strategy, and steady growth in assets under management (AUM) continue to be its major strengths.”
However, Nyati cautioned investors about high valuation multiples, margin pressures, and regulatory uncertainties in the fintech sector. She advised investors to book partial profits while holding the rest for the medium to long term, maintaining a stop-loss at ₹80.
Prashanth Tapse, Senior VP (Research) at Mehta Equities, described Groww’s valuation as “fair and justified,” highlighting the company’s scalable digital model and increasing market share in equity, F&O, and mutual fund distribution. “We view Groww as a long-term structural story that reflects India’s growing retail participation in stock markets,” he said, setting a medium-term target of ₹125–130 per share.
Groww’s IPO, priced between ₹95 and ₹100, attracted strong institutional and retail interest. Qualified Institutional Buyers (QIBs) subscribed 22 times, and Non-Institutional Investors (NIIs) subscribed 9 times. Analysts believe that, despite modest listing gains, Groww’s sustainable profitability and trusted brand make it one of the few fintech firms with long-term potential on Dalal Street.
