The share price of Billionbrains Garage Ventures, the parent company of retail investment platform Groww, continued its strong momentum in today’s trading session as well for the second consecutive session, teh stock saw 10% plus intra-day upmove.
Groww began today’s trading session on a bullish note. The stock jumped as much as 11%, touching a fresh 52-week high of Rs 193.80 on the National Stock Exchange (NSE) during the opening minutes. Even after cooling off slightly, shares are still up more than 7% as of 11 am on November 18.
At this level, the Bengaluru-based company is valued at nearly Rs 1.15 lakh crore, continuing the sharp rally that started from its listing last Wednesday.
Groww stock rally: From IPO to now
Groww has now risen for five straight sessions, extending a strong run that began on debut day.
The stock listed at Rs 112 on the NSE, a 12% premium to the issue price of Rs 100. On the BSE, it opened at Rs 114, up 14%.
Through the listing day, the stock climbed further, touching Rs 119.52 on the BSE and Rs 118.92 on the NSE.
On Monday, the stock even hit the 20% upper circuit, ending at Rs 174.45.
At today’s intraday high, Groww is now up 94% from the IPO price and 65% above its listing level.
Groww: What triggered today’s jump?
Investors reacted to the company’s update regarding its quarterly results. In a filing to the exchanges, Groww said that its Board of Directors will meet on Friday, November 21, to consider and approve the unaudited financial results for the September quarter and half-year period.
Expert take on Groww: Strong Fundamentals support price surge
Speaking on the phenomenal run in the stock price, market veteran Arun Kejriwal mentioned that “Groww is a standout amongst the three listings seen last week. The share was reasonably valued. It left money on the table and even subscription numbers for the issue were good. And this is not a 300-400 crore IPO. It’s a large issue. So, Excellent from all perspectives”
IPO performance: One of the strongest this season
Groww’s initial public offering (IPO) had already indicated strong appetite from investors.
The issue was subscribed 17.60 times. Earlier, the company raised Rs 2,984 crore from anchor investors on November 3.
The IPO included a fresh issue of Rs 1,060 crore and a large offer-for-sale (OFS) component.
Talking of the fund utilisation, the company has planned to use the proceeds for technology upgrades, expanding its financial services businesses, cloud infrastructure, and inorganic growth.
Groww: Backed by big global investors
The company counts Peak XV, Tiger Capital, and Microsoft CEO Satya Nadella among its investors. Groww has filed its draft papers through the confidential pre-filing route in May 2025 and received SEBI approval in August.
Groww: About the company
Founded in 2016, Groww has climbed rapidly in India’s retail investing space.As of June 2025, the company reported 12.6 million active clients.
Furthermore, it has more than 26% of market share. This makes it one of the country’s largest stockbroker. Moreover, its digital model and scale have helped it grow across equities, mutual funds, and F&O.
