Shares of Billionbrains Garage Ventures, the parent company of stockbroking platform Groww, gained further momentum on Tuesday, rising over 8 percent for the day. The stock ended at Rs 189, compared with Monday’s close of Rs 174.45, valuing the company at about Rs 1.17 lakh crore.
Groww stock has now risen for five consecutive sessions, extending a sharp rally since its market debut last Wednesday. At today’s price, Billionbrains Garage Ventures is up 89 percent from its IPO issue price of Rs 100 and 69 percent above its listing price of Rs 112 on the NSE. The stock had also hit a 20 percent upper circuit intraday on Monday before ending the session at Rs 174.45.
The company’s IPO saw robust demand, with overall subscription at 17.6 times. Ahead of the issue, it raised a little over Rs 2,984 crore from anchor investors on November 3. The price band for the IPO was set at Rs 95-100 per share.
Founded in 2016, Groww has grown rapidly to become India’s largest stockbroker, with over 12.6 million active clients and a market share of more than 26 percent as of June 2025. Proceeds from the IPO are earmarked for technology development and business expansion, according to the company.
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