The four founders of Groww first met PeakXV in their Bengaluru office in 2018, leaving an initial impression of being understated and measured.

Seven years later, the team carried the same ethos while going for the IPO. Even though the Bengaluru-based fintech was the most profitable New Economy company of the country, it chose a “conservative valuation” of $7 billion or Rs 62,000 crore.

And it has delivered on listing day, and how!

Groww’s shares closed the market debut with a 31 percent gain compared to the IPO price band and a valuation of Rs 81,000 crore, as against the Rs 62,000 crore valuation it was seeking.

“Over multiple meetings, we began to develop an appreciation for the founders’ engineering, product, and growth skills; their strategic thinking; their quiet ambition; and th

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