grow share price
There is a flood of new issues in the stock market these days. Lenskart’s IPO came first in the market. Then now the IPO of BillionBrains Garage Ventures, the parent company of investment platform Grow, was listed in the market. This IPO has given a great boost to investors. Grow’s IPO has lost 45 percent of its issue price in the last 2 days. Also, the market cap of the company has reached close to the figure of Rs 1 lakh crore, which has crossed the figure of Rs 90,863 crore till 11:45 pm on Thursday night. The surge came as the stock continued its uptrend for the second consecutive day after listing and surged 17.2% to reach a new peak of Rs 153.50 on the BSE. However, till the time of writing the news, Grow’s share is trading at Rs 145.40 with a rise of 11.04 percent.
Compared to the all-time high, this gain represents a handsome gain of 53.5% for IPO investors, who got these shares at Rs 100. Moreover, the stock is now up 34.6% from its listing price of Rs 114 on BSE. The continued rise in Groww’s stock has kept investors focused on the company’s initial performance, which has received strong demand from large institutional and individual investors. Now experts are paying attention to the company’s fundamental strength, business direction and post-listing investment strategy.
Expert opinion
Prashant Tapse, senior vice president (research), Mehta Equities, said in an ET report that Grow’s listing was a little better than our expectations and its valuation seems right, as the company has a rapidly growing number of customers (more than 10 crore registered users), a strong presence in retail investing, a growing share in F&O and mutual funds and a digital business model with low overheads. Taapsee says that Grow is a strong long-term story, which can become a symbol of India’s growing stock market participation. Regarding investment after listing he said that-
- Those who have received shares, should hold them for a long time considering the strength and growth potential of the company. However, accept some market risk with a target of Rs 125-130 in the medium term.
- The rest who have not received shares. They should also keep an eye on the growth and if the share price ever comes down, they can gradually add investment in it.
positive sign
Master Capital Services in its report mentioned the huge interest of investors during the IPO and said that Grow’s IPO was subscribed a total of 17.60 times. The company said that the number of active users on Grow’s platform has increased at an annual average growth rate of 52.74% from the beginning of financial year 2023 to June 2025. The report said that being one of India’s largest and fastest growing investment platforms, BillionBrains Garage Ventures Limited (GROW) can take good advantage of this momentum due to its technical and customer-centric approach.
Shivani Nyati, head of wealth at Swastika Investmart, also expressed the same opinion. He said that Grow made a good debut in the stock market, getting listed at around Rs 112, which is about 12% more than the issue price of Rs 100, which shows the confidence of investors and the strong brand recognition of Grow. Nyati said Grow has strong strengths like low-cost customer onboarding, high active users, high conversion rates from mutual funds to stock investments and steadily growing AUM. However, he also expressed concern over high valuations and uncertainties related to government regulations in the fintech and brokerage sectors.