Groww Share Price Continues Meteoric Rise Post-Listing
Billionbrains Garage Ventures, the parent entity of India's leading discount broker Groww, sustained its powerful upward trend on Thursday, November 13, building on the substantial gains from its stock market debut. Investor enthusiasm for the newly listed entity remained exceptionally strong, propelling the share price to a fresh peak.
In early trading sessions, the Groww share price climbed nearly 5% to reach a new high of ₹137.45 per share on the BSE. Mirroring this performance on the National Stock Exchange (NSE), the stock achieved a high of ₹137.44 per share. This impressive rally means the stock is now trading a remarkable 37% above its initial public offering (IPO) price of ₹100, following its 31% listing pop just a day earlier.
Breaking the Poor Listing Spell
Groww's successful entry onto the public markets stands out starkly against a recent backdrop of fading listing gains in India's otherwise hot IPO scene. Prior to Groww's debut, several prominent companies, including Studds, Orkla India, and eyewear retailer Lenskart, experienced a tepid start, with some even listing at a discount. Furthermore, other firms like Pine Labs and PhysicsWallah had to reduce their IPO sizes.
However, Groww's bumper debut has powerfully underscored that investor appetite for profitable companies remains robust, provided their valuations are considered reasonable. According to a Bloomberg report, Groww marks the second-best performance among $500 million-plus offerings globally this year.
The company's market valuation soared past ₹83,000 crore today. Groww counts high-profile investors among its backers, including Microsoft Corp. CEO Satya Nadella.
Strong Investor Confidence and Future Prospects
The overwhelming interest in the Groww IPO was evident from its subscription numbers. The offering was subscribed 17.60 times overall, with strong participation from both retail investors and Qualified Institutional Investors (Ex Anchor), who subscribed 9.43 times and 22.02 times, respectively. This demonstrates significant market confidence in the company's long-term growth narrative.
As India's top discount broker, Groww enables investment and wealth creation through a diversified portfolio of financial products. The platform allows users to trade in stocks, including IPOs, derivatives, bonds, and mutual funds, while also offering margin trading and personal loans.
The platform's user growth has been explosive. The number of active users on Groww increased at a compounding annual growth rate (CAGR) of 52.74% from the start of Fiscal 2023 through the quarter ending June 30, 2025.
Commenting on the industry outlook, Master Capital Services noted that while the brokerage sector may face near-term headwinds from recent SEBI policy adjustments, the long-term trend of financialization and growing retail participation in Indian capital markets presents a strong opportunity.
The firm added, "With India’s largest and fastest-growing investment platform based on active users, Billionbrains Garage Ventures Ltd (Groww) is well-positioned to take advantage of this momentum with its technology-enabled and customer-centric business model."
