Billionbrains Garage Ventures, the parent company of fintech unicorn Groww, made a strong debut on the Indian stock exchanges on Wednesday, listing at a 14% premium to its issue price, surpassing market expectations. The Bengaluru-based company’s shares opened at ₹114 on the BSE, up 14% from the IPO price of ₹100 per share, valuing Groww at around ₹70,379 crore. On the NSE, the stock debuted at ₹112 per share, reflecting a 12% listing gain.
Ahead of its market debut, Groww shares were trading at a grey market premium (GMP) of ₹5 in the unlisted market, implying a listing price of around ₹105 — a 5% gain over the IPO price of ₹100. The Groww IPO GMP, however, had declined sharply from its peak of ₹14.75 on November 5, 2025.
Groww’s ₹6,632.3 crore IPO, which opened for subscription from November 4–7, was subscribed 17.6 times overall. The issue comprised a fresh offering of 10.6 crore shares worth ₹1,060 crore and an offer for sale (OFS) of 55.72 crore shares aggregating ₹5,572.3 crore by existing shareholders.