Whalesbook
Shares of Billionbrains Garage Ventures, the parent company of stockbroking platform Groww, have climbed for the fourth consecutive session, reaching a fresh peak on the NSE. The stock touched an intraday high of Rs 164.45, marking a significant gain. Since its IPO at Rs 100 and listing at Rs 112, Groww's stock has appreciated by approximately 46%, boosting its market capitalization to over ₹1 lakh crore.
Shares of Billionbrains Garage Ventures, the parent company behind the popular stockbroking platform Groww, have continued their upward trajectory, hitting a new high for the fourth straight trading session on the National Stock Exchange (NSE).
The stock reached an intraday peak of Rs 164.45 on Monday, showing a gain of over 10 percent from its previous closing price. This surge has propelled the company's market capitalization to an impressive Rs 1,00,975.35 crore.
Groww made its debut on the stock market last Wednesday, listing at Rs 112 per share on the NSE, a healthy 12 percent premium over its Initial Public Offering (IPO) price of Rs 100. By the end of its first trading session, the stock closed at Rs 128.85, reflecting a substantial 28.85 percent increase on listing day. Overall, since its listing, the shares have gained approximately 46 percent.
The company had previously garnered over Rs 2,984 crore from anchor investors on November 3. The price band for Groww's IPO was set between Rs 95 and Rs 100 per share. The funds raised through the IPO are earmarked for investment in technology development and overall business expansion.
Groww, which counts marquee investors like Peak XV Partners, Tiger Capital, and Microsoft CEO Satya Nadella among its backers, filed its draft papers with the Securities and Exchange Board of India (SEBI) in May via the confidential pre-filing route and secured regulatory approval in August.
Founded in 2016, Groww has established itself as India's largest stockbroker, boasting over 12.6 million active clients and commanding a market share exceeding 26 percent as of June 2025.
Impact
This news is highly positive for existing investors in Billionbrains Garage Ventures (Groww) and signifies strong investor sentiment towards Indian fintech companies, especially those recently listed. It could also put pressure on competitors to enhance their offerings and customer acquisition strategies. The company's growth and expansion plans funded by the IPO are crucial for its future performance. Rating: 7/10.
Difficult terms:
Initial Public Offering (IPO): The first time a private company offers its shares to the public, allowing it to raise capital.
NSE: National Stock Exchange, one of the leading stock exchanges in India.
BSE: Bombay Stock Exchange, another major stock exchange in India.
Market Capitalization: The total market value of a company's outstanding shares.
Anchor Investors: Large institutional investors who commit to buying a significant portion of shares during an IPO before it opens to the public.
SEBI: Securities and Exchange Board of India, the regulatory body for securities and the securities market in India.
Confidential Pre-filing Route: A regulatory process where a company can file IPO documents confidentially with the regulator before making them public.
Stockbroker: A firm or individual who arranges the buying and selling of securities on behalf of clients.
