Groww raises nearly $750M in IPO as India’s retail investing boom continues

Indian online brokerage platform Groww’s IPO on Wednesday proved to be the largest listing by an Indian fintech so far this year, as the company raised ₹66.3 billion (about $748 million) with its shares closing 29% higher from their issue price.

The company’s shares opened at ₹112, about 12% above their issue price of ₹100, and closed at ₹128.85, lending it a market cap of ₹795 billion (approximately $9 billion).

Groww’s listing comes amid a broader pickup in Indian startup IPOs. Eyewear retailer Lenskart made its market…