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Billionbrains Garage Ventures Surges 94% Post-IPO
18 Nov
Summary
- Billionbrains Garage Ventures stock reached a new 52-week high.
- The company's stock price has surged 94% since its IPO.
- Groww board to meet on November 21 for first earnings report.
Billionbrains Garage Ventures shares experienced a significant surge, closing at ₹189 on Tuesday and marking a new 52-week high of ₹193.80. This remarkable performance represents a 94% increase from its initial IPO price of ₹100, showcasing strong investor confidence following its market debut. The company, parent to the investment platform Groww, is poised to release its first quarterly earnings report.
The board of directors is scheduled to meet on November 21, 2025, to approve the financial results for the quarter and half-year ending September 30, 2025. This upcoming announcement is particularly noteworthy as it will be the company's inaugural earnings report since its listing on the stock exchange. The stock initially listed at ₹114, a 14% premium to its issue price.
Founded in 2018, Groww has rapidly grown to manage ₹2.6 lakh crore in assets across its subsidiaries. With 37 million demat accounts, the company is backed by prominent investors including Peak XV and Microsoft CEO Satya Nadella. The robust trading volumes and market capitalization underscore the company's significant presence in the financial technology sector.
