As fintech startup Groww made a strong IPO debut on Wednesday, an old email from its CEO and co-founder, Lalit Keshre, has resurfaced online.
Taking to X, Shikhar Saxena, the founder of Binary and SuperDM, shared a screenshot of an email Keshre had sent him back in February 2018, inviting him to explore a potential opportunity at Groww. “Good day to remember this email,” Shikhar wrote in his post on X.
In the old email, Keshre had written: “It was great talking to you a few days back. As I had mentioned earlier, now I have a great opportunity at Groww that would be a good match. Let me know if you would be interested to explore, we can talk.”
Sharing the screenshot of the email, Shikhar wrote, “I couldn’t be an early employee but was an early customer and recommended Groww to so many family members and friends.” “Heartwarming to see their IPO,” he added.
The post quickly struck a chord, amassing over 27,000 views and hundreds of likes within hours.
{{/usCountry}}The post quickly struck a chord, amassing over 27,000 views and hundreds of likes within hours.
{{/usCountry}}Reacting to the tweet, one user wrote, “supporting something from the start and seeing it grow hits so different honestly, like when you recommend a small cafe to everyone and then it becomes famous, that full circle moment is everything.”
(Also Read: From small MP village to a strong IPO debut: Groww CEO Lalit Keshre's inspiring journey)
Groww makes strong IPO debut
Founded in 2016, Groww is one of the country’s largest retail brokerage firms backed by Microsoft CEO Satya Nadella. On Wednesday, the fintech unicorn made a strong debut on the Indian stock exchanges, listing at a 14% premium to its issue price, surpassing market expectations.
On NSE, the share price opened at ₹112 per share, and climbed to ₹124, well above its 100-rupee issue price in a $754 million IPO, according to news agency Reuters. On BSE, the stock was listed at ₹114, up 14% from the issue price.
Groww share price ended listing day at ₹128.85 on NSE, a 28.85% premium to the IPO price of ₹100, and at ₹130.94 on BSE, a 30.94% premium.