Groww Shares: There is a tremendous rise in the shares of BillionBrains Garage Ventures, the parent company of stockbroking platform Groww. A huge jump was seen in it for the fourth consecutive day since the listing. With this, the market cap of the company has crossed Rs 1 lakh crore in a very short time, whereas initially its market capital was Rs 69,144 crore. The investors who were allotted shares during the IPO became rich in less than a week and those who missed the opportunity were left wringing their hands.

Share of Rs 100 reached Rs 175

The share price in the IPO was Rs 100, but during trading on Monday 17 November it jumped 20 percent to Rs 178.09. Ultimately the shares closed at the level of 178.23. In just four days the shares jumped by almost 78 percent. At the same time, the shares were listed on NSE at a premium of 12 percent at Rs 112 per share, which has now crossed Rs 1 lakh.

Company owners in the list of billionaires

This stormy rise in the shares of Grow has not only made its investors happy, but the company’s owner Lalit Keshare has also become rich. Lalit Keshare holds about 55.91 crore shares of Grow, which are worth more than Rs 9,960 crore as per the closing price of Rs 178.23 on the National Stock Exchange (NSE) on Monday. His stake in dollars is 1.12 billion dollars (1 US dollar is equal to Rs 88.61).

How did Groww start?

Lalit was born in a farmer family in a village called Lepa in Madhya Pradesh. After some time, he went to Khargone to his grandparents for studies because there was no English medium school in his village. After cracking JEE, he took admission in IIT Bombay and obtained both graduation and master’s degrees in technology.

Firstly he was in the role of Senior Products in Flipkart. In the beginning of 2016, he started Grow along with some of his old colleagues in Flipkart – Harsh Jain, Ishaan Bansal and Neeraj Singh. Grow earned a net profit of Rs 1,824 crore with a total income of Rs 4,056 crore for the business year ending March 31, 2025.

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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Grow Co-founder Lalit Keshare: The success story of Groww founder Lalit Keshare is in discussion everywhere today. After the IPO of the company, he has made his place in the list of Indian billionaires. Lalit Keshare, who started his career with Flipkart, was a product manager there. But in the year 2016, he left Flipkart and laid the foundation of Groww and today he has joined the ranks of billionaires.

Left Flipkart and started Groww in 2016

Groww’s IPO was listed this month on November 12 and its shares jumped more than 70 percent in just four trading days. The company’s stock closed at Rs 174, taking the total valuation of Groww to Rs 9,448 crore. That means now the value of the company has become approximately 1.13 billion dollars.

Lalit Keshare’s journey started from Khargone district of Madhya Pradesh. He was born in a farmer family of Lepa village. Growing up amidst limited facilities, Lalit was brilliant in studies, hence he got education in the only English medium school in Khargone. Further he cracked JEE and completed his engineering studies from IIT Bombay.

Company value crosses Rs 26000 crore after IPO

Groww was started by Lalit Keshare along with his three friends—Ishan Bansal, Harsh Jain and Neeraj Singh. This app gave an easy way to millions of people to connect with the stock market. Investor confidence and the boom in the fintech sector took Groww’s market valuation to new heights. Taking into account the holdings of the founders, the total value of the company is now estimated at more than Rs 26,000 crore.

Groww was listed on BSE and NSE on 12 November. At that time the issue price was kept at Rs 100. But after the stock rose by 70 percent in just four trading days, it reached Rs 174.

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Groww IPO: BillionBrain Garage Ventures Limited, the parent company of stock broking company Groww, is preparing to launch an IPO. The company has announced the price band for its IPO of Rs 6,632 crore, which has been fixed between Rs 95-100 per share. The face value of each equity share is Rs 2.

The IPO will open on 4th November and close on 7th November. IPO includes both fresh issue and offer-for-sale (OFS). The IPO will have fresh equity shares worth Rs 1,060 crore and existing shareholders will sell 55,72,30,051 equity shares under the OFS window. If investors wish, they can bet in mutual funds, shares, digital gold, ETFs, IPOs and US stocks through Grow’s platform.

How many shares will have to be bid for?

The company’s objective of bringing IPO is to give an opportunity to the investors, so that they can also become a part of the company’s growth in the coming times. According to the red herring prospectus, the floor price of the IPO is 47.50 times the face value and the cap price is 50 times the face value of the equity shares. Investors can bid for a minimum of 150 equity shares. After that bidding can be done in multiples of 150 equity shares.

The promoters of this company, started in 2016, are Lalit Keshare, Harsh Jain, Ishaan Bansal and Neeraj Singh. Investors like Peak XV Partners, Ribbit Capital, Y Combinator and Tiger Global can sell their shares through IPO. It has more than 1.4 crore active retail investors.

How much share for whom?

In the IPO, 75 percent share has been reserved for Qualified Institutional Buyers (QIBs), 10 percent for retail investors and 15 percent for Non-Institutional Investors (NIIs). In the financial year 2025, the company’s net profit increased by 327 percent, while the revenue also increased by 45 percent. In the April-June 2025 quarter, the company’s revenue stood at Rs 948.47 crore, while during this period the company earned a profit of Rs 378.37 crore. EBITDA was recorded at Rs 418.75 crore.

How much is GMP?

In the gray market, the company’s unlisted shares are trading at a premium of Rs 11, indicating a profit of Rs 11 per share on listing. The book running lead managers of the issue are Kotak Mahindra Capital Company Limited, J.P. Morgan India, Citigroup Global Markets India, Axis Capital and Motilal Oswal are the investment advisors. The registrar to the issue is MUFG Intime India, formerly known as Link Intime India.

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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