Home / Business and Economy / Groww Surges 30% on Blockbuster Market Debut, Defying Muted Listings
Groww Surges 30% on Blockbuster Market Debut, Defying Muted Listings
12 Nov
Summary
- Groww's parent company debuts with 28.85% gain over IPO price
- Company now valued at $8.9 billion, up from $7 billion IPO valuation
- Groww commands 26% share of India's 45.2 million active demat accounts
On November 12, 2025, shares of Billionbrains Garage Ventures, the parent company of online brokerage Groww, made a strong debut on the stock exchanges, soaring nearly 30% over their issue price. The stock opened at ₹112 and hit a high of ₹134.4 before settling at ₹128.85 on the National Stock Exchange (NSE), representing a 28.85% gain over the IPO price of ₹100.
The robust debut, which exceeded market expectations, valued Groww at ₹79,547 crore ($8.9 billion), up from its initial public offering (IPO) valuation of ₹61,736 crore ($7 billion). Analysts attributed the strong investor appetite to Groww's dominant position in India's rapidly growing retail investing ecosystem, which has seen the number of demat accounts cross 210 million. Groww commands a 26% share of the NSE's 45.2 million active clients, solidifying its status as the country's largest stockbroker.
