Billionbrains Garage Ventures Ltd, the parent company of fintech unicorn Groww, delivered a strong listing on the Indian stock exchanges on Wednesday, outperforming grey market predictions. The Bengaluru-based company’s shares opened at ₹114 on the BSE, marking a 14% premium over its issue price of ₹100 per share and valuing the firm at ₹70,379 crore. On the NSE, Groww debuted at ₹112 per share, reflecting a 12% gain.
Ahead of its debut, Groww’s shares were quoting at a grey market premium (GMP) of ₹5, indicating a listing price around ₹105. This suggested a modest 5% gain; however, the stock exceeded expectations. The GMP had earlier peaked at ₹14.75 on November 5, 2025, before moderating closer to the listing day.
Strong Investor Response to ₹6,632 Crore IPO
Groww’s ₹6,632.3 crore initial public offering (IPO), open for subscription between November 4 and 7, saw an impressive 17.6 times overall subscription. The issue included a fresh share sale of ₹1,060 crore (10.6 crore shares) and an offer for sale (OFS) worth ₹5,572.3 crore by existing shareholders.
Category-wise, the Qualified Institutional Buyers (QIB) segment was subscribed 22.02 times, while Non-Institutional Investors (NII) subscribed 14.20 times. The retail investor category recorded 9.43 times subscription, highlighting broad-based interest across investor classes.
From Startup to Fintech Giant
Founded in 2017, Groww operates under Billionbrains Garage Ventures Ltd. and has emerged as one of India’s leading direct-to-consumer investment platforms. The app enables retail investors to seamlessly invest in mutual funds, stocks, F&O, ETFs, IPOs, digital gold, and U.S. equities.
With its IPO price band set at ₹95–₹100 per share, Groww was earlier valued at around ₹61,736 crore.
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