Groww Share Price Soars 50% Above IPO as Market Cap Nears ₹1 Lakh Crore: What’s Next for India’s Hottest Broker?
Groww’s parent, Billionbrains Garage Ventures Ltd, surged nearly 50% above its ₹100 IPO price in three sessions after listing on November 12, pushing its market value close to ₹1 lakh crore. Peak XV Partners’ stake is now worth about ₹13,700 crore, a 50-fold gain on its original investment. The IPO raised ₹6,632 crore, the largest fintech listing in India this year. Groww reported FY25 profit of ₹1,819 crore on ₹4,056 crore revenue.
