Fintech unicorn Groww made a stellar debut on the Indian stock exchanges today, with its shares listing 14% above the issue price. The IPO was a major focus for investors this week, and robust demand during the subscription period drove a significant listing premium. Groww’s listing comes against the backdrop of increased traction for digital investment platforms in India. The company intends to utilize IPO proceeds for technological innovation and expanding its investment offerings. Analysts highlight the high retail participation and ongoing product expansion as key growth drivers. The IPO’s grey market premium remained strong, signaling healthy investor appetite. Many view Groww’s market entry as setting a benchmark for other fintech startups planning an IPO. Broader market sentiment was supportive, with Indian indices in positive territory, further buoyed by successful new listings.
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