Shares of recently listed Groww soared 11% to INR 193.91 during the intraday trading on the BSE today to touch an all-time high.

At 12:15 IST, the stock was trading 7.70% higher at INR 188.23. The company’s market capitalisation stood at INR 1.16 Lakh Cr (about $13.1 Bn).

At the time, shares of Groww were trading over 65% higher from their listing price of INR 114 on the BSE and up over 88% from the issue price of INR 100.

Groww had set a price band of INR 95-100 for its IPO, which comprised a fresh issue of INR 1,060 Cr and an OFS of 55.72 Cr shares. The public issue closed with an oversubscription of 17.6X.

Early backers, including Peak XV Partners, Y Combinator, Ribbit Capital, Tiger Global, True Bridge Capital, Alkeon, Propel Sequoia, Fraile and Nirman.VC, offloaded shares through the OFS, raking in big returns. While Peak XV sold 15.82 Cr shares and gained 52X on its investment, Y Combinator bagged 29X return.

Founded in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal, Groww is a full-stack financial services platform offering mutual funds, stockbroking, asset management, margin trading and broader wealth management products. The company says it serves more than 1.8 Cr active users.

Recently, the company added commodity trading to its offerings. It is betting on wealth tech to drive its next phase of growth amid regulatory headwinds in the discount broking segment.

On the financial front, the company reported a consolidated net profit of INR 378.4 Cr in the first quarter of the ongoing fiscal year (Q1 FY26), up 12% from INR 338 Cr in the year-ago period. However, operating revenue declined 10% to INR 904.4 Cr from INR 1,000.8 Cr in Q1 FY25.

Groww is scheduled to release its financial numbers for Q2 on Friday (November 21).

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