Groww Shares Surge 50% After IPO Listing

Groww IPO shares listed at a 14% premium on the bourses on Wednesday, November 13. Later, it jumped 30.94% to close at ₹130.94 apiece against its IPO price of ₹100. Since then, the stock has risen to a high of ₹153.50, offering over 50% gains.

Groww share price: In just three days of listing, Billionbrains Garage Ventures— parent company of discount broking platform Groww — has offered stellar returns for its initial public offering (IPO) investors, creating a sense of loss among those who missed out on the allotment.

Is Groww a good buy after the recent rally?

While Groww’s business fundamentals remain strong, analysts believe the sharp rise has made valuations steeper, leaving little room for error.

Groww is India’s leading retail broker, with a significant 26.3% market share in active clients by September 2025. This remarkable growth, with a CAGR of 101.7% between FY21 and FY25, far surpasses the industry’s 27%.

Their current outlook remains fundamentally strong due to exceptional financial metrics, robust user growth, and best-in-class digital execution, said Abhinav Tiwari, Research Analyst at Bonanza.

The company’s moat is reinforced by dominant retail market share, a sticky young customer base, and a singular digital brand, said Tiwari. However, he believes the scope for significant near-term upside is capped without new triggers or a major market correction.

Vinit Bolinjkar, Head of Research, Ventura, also opined that for new investors, accumulating on dips rather than chasing current highs is preferred. “The underlying business offers structural growth, but valuations leave limited margin for error.”