Despite a broader slump in the Indian stock market on Thursday, the recently listed Billionbrain Garage Ventures Ltd — the parent company of the popular investment platform Groww — continued its impressive post-listing rally. The stock jumped up to 7% on the NSE, touching an intraday high of ₹148, even as the market traded in the red.

Stock Continues Strong Performance After Listing

The Groww parent company’s stock is now 48% above its issue price of ₹100 on the NSE.
On the BSE, the stock has climbed 30% above its listing price of ₹114.

At 11:30 am, Groww shares were trading at ₹143.22, up 3.71% on the BSE.

The company’s IPO, valued at ₹6,632 crore, was open from 4 to 7 November. It received an overwhelming response, with an overall subscription of 17 times:

• Retail Investors: 9×
• Non-Institutional Investors (NIIs): 14×
• Qualified Institutional Buyers (QIBs): Strong, heavy demand

The share allotment was completed earlier this week.

Groww: A Rapidly Expanding Investment Platform

Founded in 2016 by former Flipkart executives, Groww has grown into one of India’s largest online platforms for:

• Stock broking
• Mutual funds
• Derivatives trading

Groww focuses heavily on first-time retail investors and has seen explosive growth:

• 10+ crore registered users
• 60 lakh+ active investors
• One of the most downloaded investment apps in India

What Should Investors Do? Expert Insight

Shivani Nyati, Head of Wealth at Swastika Investmart, called Groww’s market debut “impressive.”
She noted that the stock listed nearly 12% above its issue price, which signals strong investor confidence, driven by:

• Robust brand recall
• Rapid adoption of digital investing
• A growing user base in India’s fintech sector

Her advice to investors:

• Those who received allotment can book some profits now
• The remaining holdings should be kept for medium- to long-term gains

Conclusion

In a falling market, Groww’s parent company has emerged as a clear outperformer. With strong fundamentals, massive user growth, and positive analyst sentiment, the stock has attracted significant investor interest — and may continue to remain in focus in the coming sessions.