Kamath took to X to congratulate Groww CEO Lalit Keshre on the Initial Public Offering, while also highlighting the notable crossover in the retail investor base (Image: Instagram/@nithinkamath) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The dynamics of India’s broking industry was highlighted by Zerodha co-founder Nithin Kamath, who revealed that approximately 20% of all IPO applications for rival Groww were placed by Zerodha customers.

Kamath took to X to congratulate Groww Chief Executive Officer Lalit Keshre on the initial public offering, while also highlighting the notable crossover in the retail investor base between the two leading fintech platforms.

The figures that the Zerodha co-founder revealed shows the high number of user overlap and portfolio diversif

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