India, Nov. 10 -- An INR 6,632 Cr issue, overbought 17.6 times at close, sending the valuation of the company to a staggering INR 61,700 Cr (nearly $7 Bn) - the Groww IPO has been the largest fintech public float this year, beyond doubt.

"The IPO response exceeded all our expectations. It validates years of belief - not just from investors, but from customers who've trusted us through multiple market cycles." Harsh Jain, the co-founder and COO of Groww, told Inc42.

What next? The question stares at Groww as the euphoria settles down and it gears up to list its shares on November 12. Groww is likely to list with a P/E multiple of 33-34x - at a little premium over its listed peer like Angel One that's trading at 19-22x P/E multiple.

The ...