Shares of Billionbrains Garage Ventures Ltd (GROWW) get listed on BSE & NSE at a premium; Details Inside

DSIJ Intelligence-1 / 12 Nov 2025/ Categories: IPO, Mindshare, Trending

On BSE, the stock is listed at Rs 114 per share and on NSE, the stock is listed at Rs 112 per share while the IPO price at the upper price band was Rs 100 per share.

On Wednesday, the stock market was trading in green with Sensex and Nifty-50 up over 0.60 per cent each. Along with the market in green, shares of Billionbrains Garage Ventures Ltd (GROWW) get listed on BSE & NSE at a premium. On BSE, the stock is listed at Rs 114 per share and on NSE, the stock is listed at Rs 112 per share while the IPO price at the upper price band was Rs 100 per share.

The IPO of Billionbrains Garage Ventures Ltd (Groww) witnessed a strong investor reception, achieving an overall subscription of 17.60 times. Demand was robust across all categories, with Qualified Institutional Buyers (QIBs) subscribing 22.02 times their allocated quota, Non-Institutional Investors (NIIs) bidding 14.20 times, and the retail portion seeing a subscription of 9.43 times.

Billionbrains Garage Ventures Ltd, the operator of the digital investment platform Groww, launched an Initial Public Offering (IPO) to raise Rs 6,632.30 crore. The issue is a combination of a fresh issuance of Rs 1,060 crore aimed at funding business expansion and technology development, and a substantial Offer for Sale (OFS) of Rs 5,572.30 crore by existing shareholders, including prominent investors like PEAK XV Partners. The IPO price band is set at Rs 95-100 per share.

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The company has demonstrated impressive financial scaling, with Revenue from Operations rocketing from Rs 1,141.53 crore in FY23 to Rs 3,901.72 crore in FY25, leading to a Net Profit of Rs 1,824.37 crore in the most recent fiscal year. A favourable industry environment underpins this growth; India’s Investment and Wealth Management market's TAM is forecast to grow at a CAGR of 15–17% to reach up to ₹2.6 trillion by FY2030. Groww, which offers brokerage, Mutual Fund, and digital lending services, is a key beneficiary of rising retail participation and the increasing adoption of cost-efficient, digital-first investment platforms.

Groww is entering the market with a premium valuation, commanding a P/E ratio of 40.79x and EV/EBITDA of 23.6x, figures higher than most listed peers like Angel One. However, this premium is largely supported by its superior financial efficiency, as reflected in its high ROE of 48.4 per cent and ROCE of 60.8 per cent, alongside a very low Debt/Equity ratio of 0.13x. While the high multiple suggests a limited margin of safety, the long-term outlook is robust due to strong user growth and diversified offerings, though it must navigate intense competition and manage regulatory and cybersecurity risks.

Disclaimer: The article is for informational purposes only and not investment advice.