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Billionbrains Garage Ventures shares jump after Groww's blockbuster IPO
Business
Shares of Billionbrains Garage Ventures—the parent company behind digital investing app Groww—rose 6% on Tuesday, trading at ₹185 in early trade on the NSE.
That's a huge leap from its IPO price of ₹100, showing just how much buzz Groww's stock market debut has created.
Why everyone's talking about Groww
Groww's IPO was a massive hit, getting oversubscribed 17.6 times and pulling in nearly ₹3,000 crore from big-name investors, with Microsoft CEO Satya Nadella as a backer.
Launched in 2016, Groww has quickly become India's top stockbroker with over 12.6 million active users.
The company says it'll use the fresh funds to level up its tech and expand even more—so if you're into investing or fintech, this is definitely one to watch.