Investors who applied for the Rs 828 crore Fujiyama Power Systems IPO can check their allotment status on November 18, when the share allocation is expected to be finalised. The company will list on the NSE and BSE on November 20. Early grey market indicators suggest a flat debut, with the IPO currently quoting a…
Mumbai: Big-ticket initial public offerings (IPOs) typically leave investors cold. But 2025 has flipped that script, with larger issues drawing strong demand. The average subscription for IPOs above ₹5,000 crore this year has been around 17.7 times – the highest since 2021 and well above the 8-10 times average of previous years. Among the six…
Shares of Billionbrains Garage Ventures Ltd., the parent company of investment platform Groww, extended their listing gains for a second consecutive session on Thursday, climbing another 11% to hit a new peak of Rs 145.48 on the BSE. This marks a notable 45.5% gain over its IPO issue price of Rs 100, while the stock…
Mumbai: Billionbrains Garage Ventures, the parent of broking firm Groww, listed on bourses at ₹112, a premium of 12% over its issue price of ₹100 on NSE on Wednesday, exceeding market expectations of a relatively modest debut. The stock jumped 28.9% over the issue price before closing at ₹128.85. “The price band for the IPO…
When Groww was founded in 2016 as a mutual-fund investment app, Zerodha had already cemented its place in the broking industry. However, Groww quickly expanded into equities, IPOs, US stocks and trading and surged past Zerodha in active-client count. For instance, in December 2024 Groww crossed 13.16 million active users, capturing 26.6% share of the…
In a tweet, Zerodha founder Nithin Kamath congratulated Groww CEO Lalit Keshre on the latter’s much-anticipated IPO — but with a trademark witty twist. “Congrats on the IPO and best of luck,” Kamath posted on X (formerly Twitter). Then came the punchline. “Btw, about 20% of all Groww IPO applications are from @zerodhaonline customers.” The…