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Stockbroking platform Groww witnessed profit booking on November 13 after delivering 37% returns over its listing price in just two days.

At 12:45 pm, the stock was down nearly 7% from the day’s high, after rising as much as 17% earlier in the session. At its peak, the company’s market capitalisation briefly touched ₹1 lakh crore.

On debut day (November 12), Billionbrains Garage Ventures, Groww’s parent company, made a strong market entry, ending 31% higher than the issue price of ₹100, including a 12% premium at listing.

The company’s IPO was subscribed 17.6 times, raising ₹2,984 crore from anchor investors ahead of the issue. Priced at ₹95–100 per share, the IPO comprised a fresh issue of ₹1,060 crore and an offer for sale of 55.72 crore shares, targeting a va

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