Shares of Billionbrains Garage Ventures, the parent company of stock broking firm Groww, made a positive debut on the bourses on Wednesday, November 12, 2025. The stock list with a premium of 14 per cent on the BSE, against the issue price of Rs 100. The stock listed at Rs 112, higher by 12 per cent from the issue price on the National Stock Exchange (NSE). Following the listing, the stock rose 19.52 per cent to Rs 119.52 and Rs 118.92 per share on the BSE and NSE, respectively. The company's market valuation stood at Rs 73,786.83 crore on the NSE.
Decent subscription
Earlier, the initial public offer received 17.60 times subscription on the final day of the share sale on Friday.
The company's Rs 6,632 crore IPO received bids for 6,41,86,96,200 shares against 36,47,76,528 shares on offer, according to details available with the NSE.
Ahead of the IPO, Billionbrains Garage Ventures garnered a little over Rs 2,984 crore from anchor investors on November 3.
The firm has fixed a price band of Rs 95-100 per share for its IPO, targeting a valuation of over Rs 61,700 crore (about USD 7 billion).
The IPO has a fresh issue of equity shares worth Rs 1,060 crore along with an Offer for Sale (OFS) component of 55.72 crore equity shares.
How company plans to use proceeds
The company, which is backed by marquee investors such as Peak XV, Tiger Capital, and Microsoft CEO Satya Nadella, plans to use proceeds from the IPO to invest in technology development and business expansion.
Of the fresh issuance, Rs 225 crore will be used for brand building and performance marketing activities, and Rs 205 crore will be invested in Groww Creditserv Technology Pvt Ltd (GCS), the NBFC arm, to augment its capital base.
Additionally, Rs 167.5 crore will be infused into Groww Invest Tech Pvt Ltd (GIT) to fund its margin trading facility business, while Rs 152.5 crore has been earmarked to strengthen cloud infrastructure.
The balance will be utilised for funding inorganic growth through acquisitions and for general corporate purposes.
Headquartered in Bengaluru, Groww filed draft papers in May with markets regulator Sebi for an IPO through a confidential pre-filing route and received Sebi's approval in August.
Groww opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the DRHP until later stages.
This route is gaining traction among Indian firms aiming for flexibility in their IPO plans.
Founded in 2016, Groww emerged as India's largest stockbroker, with over 12.6 million active clients and a market share of over 26 per cent as of June 2025.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
