Groww IPO Surges Again: Investors Can’t Stop Buying This Stock!
Groww IPO rallies 35% from issue price after debut. Get key details on listing gains, investor response, and what drives the surge.
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The shares of Billionbrains Garage Ventures, which is the parent company of the investment platform Groww, rose again on the second day in a row on Thursday, November 13, after making a very good debut yesterday.
At 9:32 a.m. Groww's stock rose by 3% and reached Rs 135.38 per share on the NSE, thus valuing the company at around ₹83,504 crore. The current price is 35.38% higher than the IPO price of Rs 100 per share.
On Wednesday, Groww opened at ₹112 per share which was a 12% mark-up on the NSE and that was the price at which first trades were done. The BSE opened at ₹114 which was a 14% premium over the IPO price and this was a clear indication of the strong interest of investors right at the very beginning.
Included in the IPO was a new issue of equity worth Rs 1,060 crores and an offer for sale (OFS) of 55.72 crores shares, the total of which was Rs 5,572.3 crores. The funds raised are expected to be utilized for developing technology, improving platform and marketing, and expanding business activities.
Billionbrains Garage Ventures which is supported by the likes of Tiger Capital, Peak XV Partners, and the Microsoft CEO Satya Nadella saw the selling of some large shareholders through the OFS. This included the likes of Peak XV Partners Investments VI-1, Internet Fund VI Pte Ltd, YC Holdings II, GW-E Ribbit Opportunity V, Ribbit Capital V, and others like Propel Venture Partners Global US and Alkeon Innovation Master Fund II.
The IPO was very well received as seen in the total bids being 17.6 times more than the shares issued. It was the QIB segment that led the subscription with 22.02 times, non-institutional investors participated with 14.20 times and retail investors with 9.43 times. Before the offering, Groww had managed to raise Rs 2,984.5 crore from anchor investors.
Groww, established in 2016, has quickly emerged as an important participant in India's retail investing sector. The firm, with more than 12.6 million active users and a 26% market share already in June 2025, still enlarges its presence in the country's online investment ecosystem.
