IPO Fever Continues: Billion Brains Garage Ventures Lists Above Issue Price

This year, the primary market has been on fire. Several major companies entered the market and raised massive funds. The secondary market, however, was affected by factors such as U.S. President Donald Trump’s tariffs and weak corporate earnings. As a result, many investors showed keen interest in investing in well-known companies that came out with IPOs. In this calendar year — that is, 2025 — companies together have raised over ₹1.3 lakh crore so far. Recently, Lenskart Solutions and Groww also entered the market and got listed. The shares of Groww’s parent company, Billion Brains Garage Ventures, were listed on the BSE and NSE on Wednesday.

Contrary to the Grey Market Premium (GMP) expectations, the shares were listed at ₹114 on the BSE and ₹112 on the NSE — about a 12% premium. It is known that Groww shares were issued at ₹100 per share. Billion Brains Garage Ventures raised ₹6,632 crore through its IPO, which received a strong response from investors. Groww currently has 1.26 crore (12.6 million) customers and holds a 26% market share, making it the largest stockbroker in India. Founded in 2017, this Bengaluru-based company succeeded by introducing a direct-to-customer digital investment platform. After listing, its shares touched ₹124 on the BSE and were trading at ₹122 around noon.