Groww stock surges 37% to ₹137 after listing, market cap crosses ₹83,000 crore

The shares of Groww (parent company: Billionbrains Garage Ventures) extended gains in early trading on November 13, climbing to ₹137.45 on BSE, about 37% above the IPO price of ₹100. The company’s market cap crossed approximately ₹83,000 crore as investor demand remained strong. The listing followed a ₹6,632-crore IPO and growing traction in India’s discount broking and digital wealth platform space. 

Analysts suggest the stock’s performance underlines investor enthusiasm for fintech models, though they caution valuations are rich and subscription growth will be key to justify the rise.