Groww IPO: GMP drops 70% to Rs 5; analysts see muted listing gains

Fintech giant Groww’s grey market premium has significantly dropped, indicating cautious investor sentiment post-Lenskart’s subdued debut. Despite strong IPO subscription, analysts anticipate a modest listing gain, with the stock appearing fully priced. Groww’s robust financials and scalable model offer long-term potential, but near-term upside may be limited.