Facebook/ NSEThe share price of Billionbrains Garage Ventures, the parent company of investment platform Groww, climbed to ₹153.50 on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) during its second day of trading on Thursday, up more than 50% from the IPO issue price of ₹100.
The stock finally settled at ₹139.60, about 3% higher than Wednesday’s closing price, taking Groww’s market value close to ₹90,000 crore (about US $10 billion).
Groww’s public issue, worth ₹6,632 crore, received a massive response from investors. The IPO included a fresh share issue of ₹1,060 crore and an offer-for-sale (OFS) worth ₹5,572 crore. Retail and institutional investors showed strong participation, making the IPO one of the most sought-after fintech listings of 2025.
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The stock had listed on Wednesday at a 12–14% premium and closed its first trading day up 31%, marking one of the best-performing IPOs of the year.
Market experts believe Groww’s sharp rise reflects investor confidence in India’s fast-growing digital finance ecosystem.
“Groww represents a strong long-term story and can act as a proxy for India’s expanding capital market participation,” said Prashanth Tapse, research analyst at Mehta Equities.
However, Kranthi Bathini of WealthMills Securities cautioned that “current valuations already price in near-term growth, and investors should track a few quarterly results before taking new positions.”
Groww’s co-founder and CEO, Lalit Keshre, said the company’s focus remains on sustainable, long-term growth.
“Time in the market matters more than timing the market,” he told Moneycontrol. At the listing event, he added, “We owe so much to so many people for building this.”
Founded in 2016 by former Flipkart executives, Groww has rapidly emerged as one of India’s leading investment platforms. As of June 2025, it had 12.6 million active clients and a 26% share in the discount broking market.
The company’s revenue from operations rose from ₹1,140 crore in FY23 to ₹3,900 crore in FY25, representing a compound annual growth rate (CAGR) of about 85%.
Groww is now expanding into new segments such as wealth management, commodities, and margin trading, as competition heats up with established rivals like Zerodha and Angel One.
While analysts see Groww’s IPO as a turning point for India’s fintech market, they say its next challenge will be to maintain growth momentum and justify its high valuation in the months ahead.
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