Billionbrains Storage Ventures Ltd., the dad or mum firm of funding platform Groww, made a powerful debut on the Indian inventory exchanges on Wednesday, with its shares itemizing at Rs 112 on the NSE and Rs 114 on the BSE, towards the problem worth of Rs 100.
The inventory opened at a 12% premium on the NSE and a 14% premium on the BSE over the higher finish of the IPO worth band, reflecting sturdy investor demand for the Bengaluru-based fintech’s market debut.
Groww’s Rs 6,632 crore IPO was subscribed 17.6 instances, receiving strong demand from institutional and retail traders alike. Certified institutional consumers (QIBs) led the cost, with bids exceeding their quota by greater than 22 instances, whereas the high-net-worth investor (HNI) section noticed subscription of 16.28 instances. Retail traders subscribed 9.43 instances, underscoring widespread curiosity within the Bengaluru-based fintech’s public debut.
Forward of the itemizing, the corporate raised Rs 2,985 crore from world and home establishments by its anchor e book at Rs 100 per share.
At Rs 100 per share, Groww’s IPO valued the corporate at roughly Rs 61,736 crore, positioning it amongst India’s most beneficial publicly listed fintechs.
The share sale contains a Rs 1,060 crore recent concern and a suggestion on the market (OFS) of Rs 5,572.3 crore, giving present traders a sizeable liquidity occasion.
That makes the first issuance simply 16% of the entire concern measurement, with the rest enabling enterprise backers, comparable to Peak XV Companions, Ribbit Capital, YC Holdings, and Alkeon Capital, to pare stakes.
Billionbrains Storage reported a virtually threefold enhance in web revenue to Rs 1,819 crore in FY25. As compared, income soared 31% year-on-year to Rs 4,056 crore, in response to a doc seen by YourStory.
Based in 2016, Tiger World-backed Groww emerged because the market chief in inventory broking in 2023. It has since retained this place, commanding greater than a fourth of the market share by lively purchasers.
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