Groww’s Stellar Debut, Pokerbaazi Hits Nazara & More

Groww Shines On Debut

Groww has marked a blockbuster D-Street debut. After listing at a premium of 14%, the stock rallied throughout the day and closed its first trading session with a market capitalisation of INR 80,837.07 Cr (about $9.1 Bn). So, how did the markets react to Groww’s IPO?

Investors’ Verdict: After a 17.6X oversubscription for its public issue, the stock debuted on the bourses 14% above its INR 100 issue price. By the closing bell, its shares rocketed to INR 130.94, locking in…