Shares of Billionbrains Garage Ventures Ltd, the parent company of online investment platform Groww, made a strong market debut on Wednesday. The stock listed at Rs 114, a 14 per cent premium over its initial public offering (IPO) price of Rs 100, and later surged 34.34 per cent to hit an intraday high of Rs 134.34. It eventually settled at Rs 130.94, up 30.94 per cent from the issue price. Advertisement

The Rs 6,632.30 crore IPO of Billionbrains Garage Ventures was open for subscription between November 4 and November 7. The offering comprised a fresh issue of Rs 1,060 crore and an offer for sale (OFS) of up to 55,72,30,051 equity shares.

Market experts largely advised investors to act cautiously after the strong listing.

"Groww witnessed a strong debut. One can consider booking profi

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