{"id":17311,"date":"2025-11-13T13:47:24","date_gmt":"2025-11-13T08:17:24","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=17311"},"modified":"2025-11-13T13:47:24","modified_gmt":"2025-11-13T08:17:24","slug":"groww-shares-drop-after-37-percent-post-listing-rally","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/ipo-news\/groww-shares-drop-after-37-percent-post-listing-rally\/","title":{"rendered":"Groww Shares See Profit Booking After 37% Listing Gains"},"content":{"rendered":"<p data-start=\"889\" data-end=\"1128\">Shares of Groww, the stockbroking platform operated by Billionbrains Garage Ventures, witnessed profit booking on November 13, after delivering an impressive 37% return over its listing price in just two trading sessions.<\/p>\n<p data-start=\"1130\" data-end=\"1354\">At 12:45 PM, the stock had fallen 7 percentage points from the day\u2019s high on an intraday basis, following a strong start earlier in the session where it rose as much as 17% on the second day of listing.<\/p>\n<p data-start=\"1356\" data-end=\"1511\">At its day\u2019s high, Groww\u2019s market capitalisation stood close to \u20b91 lakh crore, reflecting strong investor interest despite recent volatility.<\/p>\n<h2 data-start=\"1518\" data-end=\"1561\">Stellar Market Debut and IPO Details<\/h2>\n<p data-start=\"1563\" data-end=\"1774\">Groww made a remarkable debut on November 12, with its shares closing at a 31% premium to the issue price of \u20b9100. The stock had listed at a 12% premium\u00a0before extending gains through the day.<\/p>\n<p data-start=\"1776\" data-end=\"1960\">The Initial Public Offering (IPO) of Billionbrains Garage Ventures had seen a robust investor response, being subscribed 17.60 times on the final day of the share sale.<\/p>\n<p data-start=\"1962\" data-end=\"2100\">The company had fixed its price band at \u20b995\u2013\u20b9100 per share, targeting a valuation of over \u20b961,700 crore (around $7 billion).<\/p>\n<p data-start=\"2102\" data-end=\"2234\">The \u20b91,060 crore fresh issue and Offer for Sale (OFS) of 55.72 crore equity shares formed part of the public offering.<\/p>\n<p data-start=\"2236\" data-end=\"2348\">Additionally, Groww raised \u20b92,984 crore from anchor investors on November 3, ahead of the IPO opening.<\/p>\n<p data-start=\"2236\" data-end=\"2348\"><em><strong>Also Read<\/strong>: <a href=\"https:\/\/www.niftytrader.in\/content\/mutual-funds-retain-high-cash-buffers-amid-market-gains\/\">Mutual Funds Retain High Cash Buffers Amid Market Gains<\/a><\/em><\/p>\n<h2 data-start=\"2355\" data-end=\"2405\">Investor Backing and Purpose of Fundraising<\/h2>\n<p data-start=\"2407\" data-end=\"2567\">Groww is backed by marquee investors such as Peak XV Partners (formerly Sequoia Capital India), Tiger Global, and Microsoft CEO Satya Nadella.<\/p>\n<p data-start=\"2569\" data-end=\"2757\">The company plans to utilize the IPO proceeds for technology development and business expansion, strengthening its position in India\u2019s fast-evolving financial services space.<\/p>\n<h2 data-start=\"2764\" data-end=\"2808\">Listing Momentum and Market Cap Surge<\/h2>\n<p data-start=\"2810\" data-end=\"2927\">The stock\u2019s strong momentum post-listing was supported by upbeat sentiment from retail and institutional investors.<\/p>\n<ul data-start=\"2929\" data-end=\"3150\">\n<li data-start=\"2929\" data-end=\"3028\">\n<p data-start=\"2931\" data-end=\"3028\">On November 12, Groww closed 15% higher, with its market cap nearing \u20b981,000 crore.<\/p>\n<\/li>\n<li data-start=\"3029\" data-end=\"3150\">\n<p data-start=\"3031\" data-end=\"3150\">On November 13, it extended gains to \u20b991,500 crore, before touching the \u20b91 lakh crore mark at day\u2019s high.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3152\" data-end=\"3287\">However, after touching new highs, investors opted for profit booking, leading to the intraday dip observed later in the session.<\/p>\n<h2 data-start=\"3294\" data-end=\"3340\">IPO Subscription and Regulatory Filings<\/h2>\n<p data-start=\"3342\" data-end=\"3503\">Groww had filed its draft papers with SEBI in May 2025 through the confidential pre-filing route, receiving the regulator\u2019s approval in August.<\/p>\n<p data-start=\"3505\" data-end=\"3697\">This route allows companies to delay public disclosure of IPO details until later stages, offering more flexibility in their listing plans \u2014 a trend increasingly adopted by Indian firms.<\/p>\n<h2 data-start=\"3704\" data-end=\"3727\">Company Overview<\/h2>\n<p data-start=\"3729\" data-end=\"3944\">Founded in 2016 and headquartered in Bengaluru, Groww has emerged as India\u2019s largest stockbroker, boasting over 12.6 million active clients and a market share exceeding 26% as of June 2025.<\/p>\n<p data-start=\"3946\" data-end=\"4139\">The company\u2019s rapid growth, driven by technology-based trading solutions and a broad retail user base, positioned it as a leading player in India\u2019s online investment ecosystem prior to its IPO.<\/p>\n<h3 data-start=\"4146\" data-end=\"4163\">Conclusion<\/h3>\n<p data-start=\"4165\" data-end=\"4490\">Groww\u2019s shares, which had delivered 37% gains in just two sessions, saw profit booking on November 13 as investors locked in short-term profits. Despite the pullback, the company\u2019s \u20b91 lakh crore market cap milestone and strong IPO response underscore sustained investor confidence in its growth trajectory.<\/p>\n<p data-start=\"4165\" data-end=\"4490\"><em><strong>Click here to explore:\u00a0<a href=\"https:\/\/www.niftytrader.in\/ipo\/groww-ipo\">Groww IPO<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Groww, the stockbroking platform operated by Billionbrains Garage Ventures, witnessed profit booking on November 13, after delivering an impressive 37% return over its listing price in just two trading sessions. At 12:45 PM, the stock had fallen 7 percentage points from the day\u2019s high on an intraday basis, following a strong start earlier [&hellip;]<\/p>\n","protected":false},"author":2,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1367],"tags":[],"ppma_author":[1329],"class_list":{"0":"post-17311","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipo-news"}," _eael_post_view_count":0,"authors":[{"term_id":1329,"user_id":2,"is_guest":0,"slug":"snehagandhi","display_name":"Sneha Gandhi","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=17311"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17311\/revisions"}],"predecessor-version":[{"id":17312,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17311\/revisions\/17312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/16364"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=17311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=17311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=17311"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=17311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}