Overview
- Billionbrains Garage Ventures, Groww’s parent, opened at Rs 114 on BSE and Rs 112 on NSE against a Rs 100 issue price, closing at Rs 130.94 and Rs 128.85 after intraday highs near Rs 134.
- The first day left the company valued around Rs 79,547–80,837 crore, with tens of crores of shares changing hands across the two exchanges.
- The public offer was subscribed 17.6 times following Rs 2,984 crore in anchor commitments, underscoring strong retail and institutional demand.
- Total proceeds were about Rs 6,632.3 crore, comprising a Rs 1,060 crore fresh issue and a Rs 5,572.30 crore offer for sale that enabled significant early-investor exits.
- Founded in 2016 and headquartered in Bengaluru, the broker plans to channel funds into technology and expansion, as social posts spotlighted the debut with a resurfaced 2018 email from CEO Lalit Keshre and employee accounts from NSE and BSE ceremonies.