Investors’ hunt for Groww unlisted shares at steep $9 billion valuation raises eyebrows. What does it tell about IPO?

Investors are chasing Groww’s unlisted shares at valuations nearing $9 billion, ahead of its Rs 6,000-7,000 crore IPO. Secondary market activity signals strong optimism, but experts warn that overheated prices may limit upside potential for new investors post-listing.