The Rise And The Reality Check: Groww’s Post-IPO Story

One of the most-watched startup IPOs finally hit the markets earlier this month when fintech major Groww made a strong listing, going live at INR 114 on the BSE, representing a 14% premium over its issue price of INR 100. On the NSE, the stock opened at INR 112, a 12% gain over the issue price.

What followed was nothing short of spectacular. Groww shares went on a blistering post-listing run, surging over 90% from the IPO price in days. But just as quickly as it rose, the stock cooled off. After a five-session rally that had nearly doubled the…