Groww Share Price Today: A decline in the shares of Grow’s parent company Billionaires Garage Ventures Limited is being seen in the Indian stock market on Thursday, November 20. This trend of decline in company shares continues even today. The company’s shares have fallen by 8.26 percent on BSE.

At the same time, the company’s shares have also fallen by 7.92 percent on NSE. Due to which investors are suffering huge losses. There was a lower circuit of 10 percent in the company’s shares on Wednesday’s trading day. Let us know how the company is doing business in the stock market today…..

reason for decline

After the listing of company shares, there was a tremendous rise in the first 5 days. The company share had jumped from its IPO price of Rs 100 to beyond Rs 190. However, due to profit-booking on Wednesday’s trading day, the shares declined and fell by 10 percent.

Lower circuit was also imposed on company shares. This pressure on company shares continued on Thursday also. More than 2.5 crore shares of the company were traded in the initial trading itself.
Company’s condition in stock market

At around 1 pm on Thursday, the company shares were trading at Rs 154.24 on BSE. Which shows a decline of 9.24 percent or Rs 15.70 as compared to the previous day’s close. Today the shares opened at Rs 157. The shares had reached a high level of Rs 162.29 during the trading day. At the same time, the low level was Rs 153.01.

The company’s shares were trading at Rs 154.01 on NSE. Which shows a fall of about Rs 15. The day started at Rs 157.55. The high level of the company during the trading day was Rs 162.27.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Groww IPO Listing: The IPO of the much-awaited online stockbroking company Grow was launched in the Indian stock market on Wednesday, 12 November. The company’s shares were listed at a premium in the stock market. The company’s shares were listed at Rs 114 on BSE. The company’s IPO was listed at Rs 14 more than its price upper end. Grow had fixed the upper price end of the company at Rs 100. The company was listed on NSE at a premium of Rs 112.

According to market experts, Grow’s IPO went ahead of gray market estimates. In the gray market, non-listed shares of Grow were trading at Rs 105, showing an increase of Rs 5. The company’s shares were listed at a premium on both the stock exchanges compared to the gray market.

Latest status of company’s shares

On Wednesday, November 12, at around 11:45 am, the company’s shares were trading at Rs 122.05 on BSE. Which shows an increase of approximately Rs 8 or 7.06 percent. The company’s shares reached a high level of Rs 124.29 during the trading day. At the same time, the shares had touched Rs 112.02 at their lowest level.

At the same time, a rise was seen in the shares of the company on NSE also. Till the time of writing the news, the company’s shares were trading at Rs 122.05. Which shows an increase of about Rs 10. The shares of the company had reached a high level of Rs 124.39.

The company got good response

Investors had placed bets on the IPO, expressing confidence in the company. The company’s IPO received a total of about 18 times subscription. The company had received 22 times applications in the category of Qualified Institutional Buyers (QIBs), 14.2 times in the category of Non-Institutional Investors (NIIs) and 9.4 times in the category of retail investors.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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