Groww continues debut surge; stock climbs 10% to new high, up 46% since listing

Groww Share Price: Shares of Billionbrains Garage Ventures, the parent entity of online stockbroking platform Groww, continued their upward momentum for the fourth consecutive session on Monday, touching a new high on the National Stock Exchange. The stock rose more than 10 per cent intraday to reach Rs 160.90, extending gains since its listing last week.

By 11.30 am, trading activity remained elevated, with nearly 14 crore shares changing hands and a total traded value of Rs 2,131.59 crore. The sustained interest comes on the back of strong listing-day performance and robust demand in the IPO.

The company made its stock market debut on November 12, listing at Rs 112 per share on the NSE— a 12 per cent premium over the issue price of Rs 100. It subsequently ended its first trading session at Rs 128.85, registering a 28.85 per cent gain. The Initial Public Offering had seen healthy investor participation, with an overall subscription of 17.60 times.

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Since listing, the stock has advanced by 44 per cent. Ahead of the IPO, Billionbrains Garage Ventures raised more than Rs 2,984 crore from anchor investors on November 3. The issue price band was set at Rs 95-100 per share.

The company is backed by Peak XV, Tiger Global, and Microsoft CEO Satya Nadella. The stockbroking platform aims to use funds raised through the IPO for technology upgrades, platform development, and expansion of business operations. The Bengaluru-headquartered firm had filed draft papers with Sebi in May through the confidential pre-filing route and received approval in August.

Founded in 2016, Groww has grown rapidly in India’s retail investing ecosystem. As of June 2025, it was the country’s largest stockbroker by active clients, with more than 12.6 million users and a market share exceeding 26 per cent.