Shares of Billionbrains Garage Ventures, the parent of stockbroking platform Groww, continued their strong momentum for the fourth consecutive session, jumping another 20% to ₹178.23 on Monday, November 17. With this surge, the company has become the most valuable listed broking firm in India.
Over the past three trading days, the stock has delivered an impressive 59% return, pushing its market value beyond the ₹1 lakh crore mark in record time. The sharp rally reflects strong investor confidence in Groww’s potential within India’s rapidly growing retail investing ecosystem, despite valuations stretching well above sector averages.
At Monday’s peak, the company’s valuation touched ₹1.10 lakh crore—surpassing the combined market capitalisation of major listed competitors like Angel One, Anand Rathi, Nuvama, 5paisa, and JM Financial, which together total around ₹70,000 crore, according to Mint.
Groww listed on October 12 at ₹131.3 per share, a 31% premium to its ₹100 issue price. With gains now at 78%, it stands out as one of the strongest recent mainboard IPO performers. Founded in 2016, Groww is now India’s largest broker with 12.6 million active clients and backing from prominent global investors including Satya Nadella, Tiger Global and Peak XV.
