India, Nov. 14 -- An INR 6,632 Cr issue, oversubscribed 17.6 times at close, a huge premium on listing day and a valuation of over INR 90,000 Cr ($10 Bn) - everything is coming up trumps for Groww.

In just under three days, the stock has climbed 28% after listing at a 14% premium. An intra-day pop of 34% was a standout moment for Groww on its debut and a testament to the brand and public market's faith in the investment tech and wealthtech opportunity.

Groww listed on the bourses at 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. So naturally there were plenty of questions about this valuation before the debut.

But for the leadership, the IPO was simply a pitstop...