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New Delhi: The shares of BillionBrains Garage Ventures, the parent company of investment platform Groww, got listed on stock market on November 12, 2205.
The Groww stock price has jumped significantly since its listing on Wednesday. Also, the company's market cap has reached close to the figure of Rs 1 lakh crore, which crossed the 90,863 crore mark at the time of writing this article. The surge came as the stock continued its rise for the second consecutive day after listing and rose 17.2% on the BSE to a new peak of Rs 153.50. However, at the time of writing the news, the counter was trading at Rs 145.40 with a rise of 11.04 percent today.
If you look at the all-time high, this increase shows a great gain of 53.5% for IPO investors who got these shares at the price of Rs 100. Also, the stock is now up 34.6% from its listing price of Rs 114 on the BSE. The continuous rise in Groww’s stock has kept investors' attention fixed on the initial performance of the company, which has received strong demand from large institutional and ordinary investors. Now experts are focusing on the company's basic strength, business direction and post-listing investment strategy.
In the ET report, Mehta Equities Senior Vice President (Research) Prashant Taapsee said that Groww’s listing was slightly better than we expected and its valuation seems good, because the company has witnessed a rapid growth in the number of customers (more than 10 million registered users), strong identity in retail investment, increasing share in F&O and mutual funds and a low-cost digital business model. Taapsee said that Groww is a strong long-term story, which can become a symbol of India's growing stock market participation.
Regarding the investment after the listing, he said that those who have received shares, advised them for a long time considering the strength and growth potential of the company. However, he went further said that accept some market risk with a target of Rs 125-130 in the medium term.
The market investors who were not allotted any stocks should keep a close eye on Groww and if the stock price ever falls down, they can purchase, he added.
In its report, Master Capital Services mentioned that investors showed great interest in the IPO as it was subscribed 17.60 times. The company said that the number of active users on Groww’s platform has grown at an annual average growth rate of 52.74% from the beginning of FY 2023 to June 2025. The report said that being one of India's largest and fastest growing investment platforms, Billionbrains Garage Ventures Limited (GROW) can take good advantage of this momentum due to its technical and customer-centric thinking.
Swastika Investmart's wealth chief Shivani Nyati also expressed the same opinion. She said that Groww started well in the stock market, listing at about Rs 112 apiece, which is about 12% more than the issue price of Rs 100, which shows investor confidence and the identity of Groww’s strong brand.
The expert said that Groww has features such as the ability to add customers at a low cost, more active users, a good conversion rate from mutual funds to stock investments and a steadily increasing AUM. However, he also raised concerns over the high valuations in the fintech and brokerage sector and the uncertainties associated with government regulations.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold, silver and crypto assets.)
