Groww IPO: Billionbrains Garage Ventures, the parent firm of popular stockbroking platform Groww, made a strong market debut on November 12. The stock opened at Rs 114 apiece on the BSE — a 14% gain over its issue price of Rs 100. On the NSE, it listed at Rs 112 per share, which was a 12% premium. At listing, the company’s market capitalisation stood at ₹69,144 crore.

The debut outperformed grey market projections. Prior to listing, unlisted shares of the company were trading at a 5% premium over the IPO price, as per Investorgain. This was, however, a sharp drop from the nearly 17% premium recorded before the IPO opened for public subscription.

IPO performance

The Rs 6,632-crore initial public offering of Billionbrains Garage Ventures (Groww) saw robust participation, being subscri

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