Groww shares jump another 11%, surging 94% above the issue price before paring gains; check Q2 results schedule

The stock of the company in the opening deals jumped as much as 11% to hit a high of ₹193.80 on the NSE. This translates to a whopping 94% jump from the IPO issue price of ₹100.

However, the stock pared some gains minutes later, and when last seen, shares were trading at ₹187.50 apiece, up 7.48%.

In its filing to stock exchanges, Groww said that a meeting of the Board of Directors of the company is scheduled to be held on Friday, November 21, 2025, inter alia, to consider and approve the unaudited standalone and consolidated financial results of the Company for the quarter and half year ended September 30, 2025.

Groww's stellar show

Shares of Billionbrains Garage Ventures, the parent company of stockbroking firm Groww, made a strong market debut on Wednesday, November 12, listing with a premium of 14% against the issue price of ₹100.

The stock began trading at ₹114, up 14% from the issue price on the BSE.

On the NSE, the shares listed at ₹112 apiece, a premium of 12%.

Later, the stock climbed 19.52% each to ₹119.52 and ₹118.92 apiece, on the BSE and NSE, respectively, on the listing day.

Following this, the scrip has been on a rising spree.

On Monday, November 17, the stock climbed 20% to ₹178.23 per unit, its upper-circuit level, on the National Stock Exchange (NSE).

The company's market valuation crossed the coveted ₹1 lakh crore mark.

The scrip has advanced 78.23% over the issue price of ₹100 per share.

The IPO, which had a price range of ₹95 to ₹100 per share, comprised new equity shares worth ₹1,060 crore as well as an offer-for-sale (OFS) component of ₹5,572.30 crore. The fresh issue proceeds will be used to invest in technology development and business expansion.

Under the OFS, YC Holdings II, Peak XV Partners Investments VI-1, Internet Fund VI Pte Ltd, Sequoia Capital Global Growth Fund III, Ribbit Capital V, Propel Venture Partners Global US, GW-E Ribbit Opportunity V, Kauffman Fellows Fund, Alkeon Innovation Master Fund II and Alkeon Innovation Master Fund II Private Series sold their shares.

The initial share sale was subscribed 17.60 times during the three-day bidding period.

What analysts say

Analysts, as per news reports, noted that Groww’s listing came in slightly above their expectations, and its implied valuation appears reasonable given its rapid customer expansion (over 10 crore registered users), strong brand recall in retail investing, growing market share in F&O and mutual fund distribution, and a scalable digital model with low incremental costs.

Following the listing, they opined that they continue to view Groww as a compelling long-term structural story and a strong proxy for India’s rising participation in capital markets.

About Groww and its IPO

Groww, 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.

Its IPO received 17.60 times subscription on the final day of the share sale.

Billionbrains Garage Ventures garnered a little over ₹2,984 crore from anchor investors on November 3.

The firm had fixed a price band of ₹95-₹100 per share for its IPO, targeting a valuation of over ₹61,700 crore (about $7 billion).

The IPO had a fresh issue of equity shares worth ₹1,060 crore along with an Offer for Sale (OFS) component of 55.72 crore equity shares.

Of the fresh issuance, the company had said that ₹225 crore will be used for brand building and performance marketing activities, and ₹205 crore will be invested in Groww Creditserv Technology Pvt Ltd (GCS), the NBFC arm, to augment its capital base.

Additionally, ₹167.5 crore will be infused into Groww Invest Tech Pvt Ltd (GIT) to fund its margin trading facility business, while ₹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.

Groww IPO background

Headquartered in Bengaluru, Groww filed draft papers in May 2025 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% as of June 2025.