Digital investment platform Groww made a stronger-than-expected debut on the Indian stock exchanges, listing at Rs 114 per share on the BSE, a 14% premium over its issue price despite a muted grey market premium (GMP) of around 3%. On the NSE, the stock opened at Rs 112.
Groww’s IPO was open for subscription from November 4 and 7, with a price band of Rs 95–100 per share and a minimum investment requirement of Rs 14,250.
The Rs 6,632 crore IPO comprised a fresh issue worth Rs 1,060 crore and an offer for sale (OFS) of Rs 5,572 crore. According to…
