Zerodha rival Groww enters Dalal Street, stock lists at 12% premium on NSE and 14% on BSE

India's top stock broker Groww made a strong debut on Dalal Street on Wednesday, listing its shares at a premium on both major stock exchanges following one of the most anticipated IPOs of 2025.

Shares of Billionbrains Garage Ventures Ltd, the parent company of Groww, debuted at Rs 114 per share on the BSE, reflecting a 14% premium over the issue price of Rs 100. On the NSE, the stock opened at Rs 112, up 12% from the IPO price.

The Bengaluru-based company Rs 6,632 crore IPO drew massive investor interest, with bids exceeding Rs 64,000 crore and an overall subscription of 17.6 times.

The qualified institutional buyers (QIB) segment led the response with 22.02x subscription, bidding for more than 4.38 crore shares against 1.99 crore shares on offer. Non-institutional investors subscribed 14.20x, with the bNII (large bids above Rs 10 lakh) portion at 16.28x and the sNII (small bids below Rs 10 lakh) portion at 10.04x.

The retail investor category was subscribed 9.43x, with bids for 6.25 crore shares against 66.23 lakh shares available.

The IPO received total 31.40 lakh applications.

Groww’s IPO, a book-built issue of Rs 6,632.30 crore, comprises a fresh issue of 10.60 crore shares worth Rs 1,060 crore and an offer for sale (OFS) of 55.72 crore shares worth Rs 5,572.30 crore. The subscription window opened on November 4 and was closed on November 7, 2025. The IPO’s price band is set at Rs 95-Rs 100 per share.