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Shares of Billionbrains Garage Ventures, the parent company of stockbroking platform Groww, extended their strong momentum on Tuesday
Groww
Groww Share Price: Shares of Billionbrains Garage Ventures — the parent company of stockbroking platform Groww — extended their strong momentum on Tuesday, rising 6 per cent in early trade. The stock was trading at Rs 185 around 9:45 am, compared with Monday’s close of Rs 174.45, valuing the company at nearly Rs 1.15 lakh crore.
Groww shares have now gained for five straight sessions, continuing a sharp rally since their market debut last Wednesday. At today’s levels, the stock is up 85 per cent from its IPO issue price of Rs 100 and 65 per cent above its listing price of Rs 112 on the NSE. On Monday, it had even hit the 20 per cent upper circuit intraday before settling at Rs 174.45.
The company’s IPO saw strong investor interest with overall subscription at 17.6 times. It also raised a little over Rs 2,984 crore from anchor investors on November 3. The price band for the issue was set at Rs 95–100 per share.
Backed by marquee investors such as Peak XV, Tiger Capital and Microsoft CEO Satya Nadella, the Bengaluru-based company had filed draft papers with Sebi under the confidential pre-filing route in May and received approval in August. Founded in 2016, Groww has rapidly scaled to become India’s largest stockbroker with over 12.6 million active clients and a market share exceeding 26 per cent as of June 2025. Funds from the IPO will be used to strengthen technology and support business expansion.
Analysts’ Views
Shivani Nyati, Head of Wealth at Swastika Investmart, said Groww’s steady listing at around Rs 112 — about 12% above the issue price — reflected strong investor confidence supported by its brand strength and robust digital investing ecosystem.
She highlighted positives such as low customer acquisition costs, a high number of monthly active users, strong conversion from mutual fund investors to equity traders, and consistent AUM growth. However, she cautioned about elevated valuations and regulatory risks in the fintech and broking space. Nyati suggested that investors who received allotment may consider partial profit-booking while holding the remaining for medium- to long-term gains, with a stop-loss at Rs 80.
Prashanth Tapse of Mehta Equities shared a similar view, advising allotted investors to stay invested for the long term, citing Groww’s structural strengths. He pegged a medium-term target of Rs 125–130 and recommended that non-allottees look to buy on meaningful corrections.
By around 10 am, the stock was trading at Rs 158 on the NSE, up 7 per cent from the previous close.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
November 18, 2025, 10:21 IST
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