Shares of Billionbrains Garage Ventures, the parent company of stockbroking platform Groww, continued their spectacular post-listing rally for the fourth consecutive session on Monday, jumping 11% to ₹165.40. With this surge, the company has emerged as India’s most valued listed brokerage firm.

Over the last three trading sessions, the stock has delivered an exceptional 48% return, quickly propelling the company’s market capitalisation past ₹1 lakh crore. Investors who secured IPO allotments have seen significant gains in under a week, while those who missed out are left regretting the opportunity.

At Monday’s high, Billionbrains Garage Ventures reached a valuation of ₹1,03,802 crore—surpassing the combined market capitalisation of competitors Angel One, Anand Rathi, 5paisa, Nuvama, and JM Financial, which together total about ₹70,000 crore. The sharp rally reflects strong market optimism about Groww’s growth prospects in India’s booming retail investing ecosystem, despite concerns about stretched valuations.

Groww’s business trajectory has been mirrored in its stock performance. Within just a few years of its 2016 launch, it has become India’s largest stockbroker, now joining the elite ₹1 lakh crore market-capitalisation club—a milestone yet to be reached by its peers.

The stock, which listed on October 12 at ₹131.3—a 31% premium to its IPO issue price of ₹100—now trades 66% above its IPO price. The ₹6,632 crore issue, open from November 4 to November 7, was subscribed 17.05 times, backed largely by institutional demand. Funds raised will support marketing, technology expansion, inorganic growth, NBFC capital needs, and working capital.

Groww today serves over 12.6 million active clients and holds a 26% market share. Active users on the NSE reached 47.89 million as of June 30, 2025, a ninefold jump since 2016. The company is backed by global investors including Satya Nadella, Y Combinator, Peak XV, Ribbit Capital, Tiger Global, and Sequoia Capital Global.