Groww shares surge again after IPO, hitting new highs
Groww shares surge again after IPO, hitting new highs
Groww’s parent company rides a post-listing rally, with stock climbing and market cap approaching Rs 1 lakh crore as investor enthusiasm remains strong.
Groww’s parent company Billionbrains Garage Ventures surged in trading after its IPO debut, fueling a broad rally in its shares. The stock jumped on Thursday, extending a post-listing run and hitting a fresh high as investor demand stayed robust.
On Thursday, the stock surged 17.2% on the BSE to a new peak of Rs 153.50, lifting the company’s market capitalisation toward Rs 90,863 crore as of 11:45 p.m., signaling a sustained appetite for the digital investing platform. This follows a strong IPO reception that saw the issue price at Rs 100 and a subsequent listing at Rs 114, with the stock later climbing to intraday highs in the 130s.
Analysts point to Groww’s rapid user growth, brand recall in retail investing, rising market share in areas like futures and options and mutual fund distribution, and a scalable digital business model with low incremental costs as reasons behind the enthusiasm. While there are near-term market risks, the setup is seen as a long-term structural story that could reflect broader participation in India’s capital markets. For investors, the view ranges from holding for the long term to accumulating on meaningful dips, depending on risk tolerance and time horizon.
Cover image source: Groww shares up 31% from IPO price in debut trade; what should investors do? 🔗
