On November 13, shares of Groww’s parent company, Billionbrains Garage Ventures, experienced a rise on their second day of trading, increasing by 3% to ₹135.38 on the NSE at 9:32 AM. This marks a 35.38% increase from the issue price of ₹100. The shares debuted at ₹112 on the NSE and listed at ₹114 on the BSE on Wednesday. The IPO comprised a fresh issue of ₹1,060 crore alongside an offer for sale valued at ₹5,572 crore, with the proceeds intended for technology and business expansion. Notable investors such as Peak XV, Ribbit Capital, and Satya Nadella divested portions of their holdings in the offer for sale.
The IPO was oversubscribed by 17.60 times, with non-institutional investors subscribing 14.20 times, retail investors 9.43 times, and qualified institutional buyers 22.02 times. Prior to the IPO, Groww secured ₹2,984.5 crore from anchor investors. Founded in 2016, Groww boasts over 12.6 million active users and held a market share exceeding 26% as of June 2025.