Shares of newly listed Billionbrains Garage Ventures Ltd, the parent of online investment platform Groww, extended their gains for the fifth straight session on Tuesday. The stock zoomed 10.95 per cent to touch a day high of Rs 193.91 on BSE. At this level, the counter has rallied 93.91 per cent from its initial public offering (IPO) price of Rs 100. Advertisement

The Rs 6,632.30 crore IPO of Billionbrains Garage was open for subscription from November 4 to November 7. The issue included a fresh share sale worth Rs 1,060 crore and an offer for sale (OFS) of up to 55,72,30,051 equity shares. The listing has been followed by sustained buying interest.

Commenting on the market action, Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, said Groww's current valuations ap

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