Indian online brokerage platform Groww’s IPO on Wednesday proved to be the largest listing by an Indian fintech so far this year, as the company raised ₹66.3 billion (about $748 million) with its shares closing 29% higher from their issue price.

The company’s shares opened at ₹112, about 12% above their issue price of ₹100, and closed at ₹128.85, lending it a market cap of ₹795 billion (approximately $9 billion).

Groww’s listing comes amid a broader pickup in Indian startup IPOs. Eyewear retailer Lenskart made its market debut earlier this week, and payments platform Pine Labs is scheduled to list on Friday (its $440 million IPO was fully subscribed as of Tuesday). Other venture-backed firms, including Physics Wallah and Capillary Technologies, are set to go public in the coming days.

Founded in 2016 by former Flipkart employees, Groww has benefited from India’s retail investing boom, and its investors include Microsoft CEO Satya Nadella, Peak XV, Y Combinator, Ribbit Capital, ICONIQ, and Tiger Global. Its app targets first-time investors to the retail investing market, and competes with the likes of Zerodha and Angel One.