Groww IPO Listing: The IPO of the much-awaited online stockbroking company Grow was launched in the Indian stock market on Wednesday, 12 November. The company’s shares were listed at a premium in the stock market. The company’s shares were listed at Rs 114 on BSE. The company’s IPO was listed at Rs 14 more than its price upper end. Grow had fixed the upper price end of the company at Rs 100. The company was listed on NSE at a premium of Rs 112.
According to market experts, Grow’s IPO went ahead of gray market estimates. In the gray market, non-listed shares of Grow were trading at Rs 105, showing an increase of Rs 5. The company’s shares were listed at a premium on both the stock exchanges compared to the gray market.
Latest status of company’s shares
On Wednesday, November 12, at around 11:45 am, the company’s shares were trading at Rs 122.05 on BSE. Which shows an increase of approximately Rs 8 or 7.06 percent. The company’s shares reached a high level of Rs 124.29 during the trading day. At the same time, the shares had touched Rs 112.02 at their lowest level.
At the same time, a rise was seen in the shares of the company on NSE also. Till the time of writing the news, the company’s shares were trading at Rs 122.05. Which shows an increase of about Rs 10. The shares of the company had reached a high level of Rs 124.39.
The company got good response
Investors had placed bets on the IPO, expressing confidence in the company. The company’s IPO received a total of about 18 times subscription. The company had received 22 times applications in the category of Qualified Institutional Buyers (QIBs), 14.2 times in the category of Non-Institutional Investors (NIIs) and 9.4 times in the category of retail investors.
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