Indian IPO markets continue to draw attention as marquee listings deliver notable gains and spark debates around valuations. Among the most discussed is online investment platform Groww, which recently crossed a market capitalization of ₹1 lakh crore. ET Now spoke with market expert Narendra Solanki from Anand Rathi Shares about the surge and what it … Read more
Groww‘s strong post-listing rally has thrown up an unusual after-effect, with a massive 30.8 lakh shares having entered the auction market today (November 18), according to NSE data. This unusually high number is mainly due to short sellers getting stuck, unable to deliver shares amid a sharp price surge and extremely tight supply. “Groww has … Read more
Shares of Billionbrains Garage Ventures Ltd., the parent company of investment platform Groww, extended their listing gains for a second consecutive session on Thursday, climbing another 11% to hit a new peak of Rs 145.48 on the BSE. This marks a notable 45.5% gain over its IPO issue price of Rs 100, while the stock … Read more
In the run-up to a public listing, profitability often becomes the most closely watched number. It is one among several other metrics that gives confidence to investors to go ahead and buy the IPO. But, there is a particular trend emerging for most new-age companies, where the financials show sudden profits in the most recent … Read more
In a tweet, Zerodha founder Nithin Kamath congratulated Groww CEO Lalit Keshre on the latter’s much-anticipated IPO — but with a trademark witty twist. “Congrats on the IPO and best of luck,” Kamath posted on X (formerly Twitter). Then came the punchline. “Btw, about 20% of all Groww IPO applications are from @zerodhaonline customers.” The … Read more
Stock broker Groww on Thursday rolled out commodities trading on its platform, as it continues diversifying its wealth and capital markets offerings. Groww customers with active trading accounts can trade in commodities such as crude oil, gold, silver and natural gas through the Metropolitan Stock Exchange from 9 am to 11:30 pm, according to information … Read more
Mumbai: Groww, India’s largest broker in active clients, is set to increase its fees by 150% for low-ticket transactions as the profitability of discount broking firms has come under pressure in the face of tighter regulations. The firm, in a communication to clients, said it will hike the minimum equity brokerage charges to ₹5 per … Read more
With No.2 player Zerodha continuing to lose market share, Tiger Global-backed financial services firm Groww now controls 25.1% of the stock broking market in terms of NSE active clients. According to latest data collated by Motilal Oswal, the market share of Groww stood at 25.1% and rose 41 bps month-on-month (MoM). At the same time, … Read more
Investment platform Groww, in a fresh response, amid backlash for deducting money from an investor’s account but not really investing it, has said that no money was deducted from the customer. Groww landed in the soup after a social media user alleged that the company deducted money and never invested but generated a “false folio … Read more
Discount broking platform Groww, which has gradually become the No.1 stock broker in India with 21% market share by beating Zerodha, on Tuesday faced a technical glitch on its trading app which was resolved later on.“We apologize for the inconvenience. Our team is addressing a technical issue and working to resolve it promptly. Your patience … Read more