Multibagger Stock Alert: Groww shares extend post-listing rally, now up 90% over issue price

Groww Share Price: Shares of Billionbrains Garage Ventures, the parent company of stockbroking platform Groww, continued their upward momentum on Tuesday, rising 6 per cent in early deals. The stock was trading at Rs 185 around 9:45 am, compared with Monday’s close of Rs 174.45, taking the company’s market capitalisation to nearly Rs 1.15 lakh crore.

Five-Day winning streak post listing

The rally marks the fifth straight session of gains for the newly-listed firm, which has seen strong investor interest since its debut last Wednesday. At today’s levels, the stock is now 85 per cent above its IPO price of Rs 100 and 65 per cent higher than its listing price of Rs 112 on the NSE.

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On Monday, the stock also hit a 20 per cent upper circuit intraday before ending the session at Rs 174.45.

Strong IPO demand

Market interest was evident during the public offering, where the IPO was subscribed 17.6 times overall. Ahead of the issue, the company raised Rs 2,984 crore from anchor investors on November 3. The IPO price band had been set at Rs 95–100 per share.

Backed by global investors

Billionbrains Garage Ventures counts well-known investors such as Peak XV, Tiger Capital, and Microsoft CEO Satya Nadella among its backers. The Bengaluru-headquartered company opted for the confidential pre-filing route when submitting draft papers to Sebi in May and secured regulatory approval in August.

India’s largest stockbroker

Founded in 2016, Groww has rapidly scaled to become India’s largest stockbroker, with more than 12.6 million active clients and a 26 per cent market share as of June 2025. According to its IPO documents, proceeds will be directed towards technology development and expansion initiatives.