Groww lists at a premium on the exchanges. (Image: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Discount stockbroker Groww-parent Billionbrains Garage Ventures Ltd. listed on the BSE, the stock debuted at Rs 114, a 14% premium over its issue price of Rs 100 apiece.

On the National Stock Exchange, the stock listed at Rs 112 apiece, a premium of 12%. Shares of the company rose 22% within half an hour of the stock's debut, trading at Rs 122.01 apiece.

The Groww IPO was subscribed 1.85 times on the final day of bidding. The price band for the offering was fixed between Rs 95 and Rs 100 per share, with an issue size totaling Rs 6,632.3 crore.

Billionbrains Garage Ventures, backed by Microsoft Chief Executive Officer Satya Nadella, will use funds raised in the

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