India, Nov. 12 -- Shares of investment tech major Groww made a stellar debut on the bourses, listing 14% above their issue price at INR 114 apiece on the BSE.

The stock got listed at INR 112 per share on the NSE, marking a premium of 12% to the issue price of INR 100.

The shares rose following the listing and were trading at INR 116.55 on the BSE at 10:03 IST. The company's market capitalisation stood at INR 72,848 Cr (about $8.2 Bn).

Groww's IPO, which comprised a fresh issue of up to INR 1,060 Cr and an OFS component of up to 55.72 Cr shares, closed with an oversubscription of 17.6X.

Peak XV Partners, Y Combinator, Ribbit Capital, Tiger Global, True Bridge Capital, Alkeon, Propel Sequoia, Fraile and Nirman.VC sold shares via the OFS...