Indian investment platform Groww made its stock market debut on 12 November 2025 after an initial public offering that raised ₹66.3 billion — approximately $748 million — at an issue price of ₹100 per share. Shares closed the first trading day at ₹128.85, a gain of 29% above the offer price, placing the company's market capitalisation at approximately $9 billion at the close of trading. The listing was the largest IPO by an Indian fintech company in 2025.
Groww operates a platform that allows retail investors to buy mutual funds, equities and other financial products through a mobile-first interface.
LISTING FIRSTS
Groww became the first company backed by Y Combinator, the US accelerator, to list on an Indian exchange. The listing also marked the first public market debut by an Indian company that had previously undertaken a Delaware-to-India corporate flip — a structural reversal in which the parent entity's domicile was moved from the United States back to India prior to the domestic listing.
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