Groww shares climb 2% after July client additions; market share rises to 28.88%

Shares of Billionbrains Garage Ventures, the parent company of Groww, settled higher on Wednesday, August 12, after the stockbroking and allied services provider announced its client addition data for July 2026.

Groww shares climbed 2.29% to hit an intraday high of Rs 197.95 apiece on the BSE before settling at Rs 197.20, up 1.91% from the previous close of Rs 193.50. The stock traded in a range of Rs 192.50–Rs 197.95 during the session. Despite Wednesday’s gains, Groww shares remain 13% below their 52-week high of Rs 227, touched on April 29, 2026, on the BSE.

The stock has, however, delivered a return of nearly 27% year-to-date, compared with an 8% decline in the benchmark BSE Sensex.


At the current market price, Groww trades at a price-to-earnings (P/E) ratio of 50.71, according to BSE data. The company’s total market capitalisation stood at Rs 1,23,715.33 crore.

Client additions

The northward movement in Groww’s share price came on the back of the release of client addition data for July 2026. According to NSE active client data, the company added 70,119 clients during the month.

Groww’s active client base rose to 13.12 million, taking its market share to 28.88%, up from 28.72% in June, according to NSE data.

Meanwhile, India’s broking industry witnessed muted growth, adding around 8,000 net active clients during the month.

State Street transaction completed

Earlier, on August 4, Groww informed the exchanges that all conditions precedent and closing conditions under the Share Subscription and Share Purchase Agreement, Shareholders’ Agreement and other relevant documents involving Billionbrains Garage Ventures Limited, Groww Asset Management Limited (Groww AMC) and State Street Global Advisors, Inc. (SSGA) had been duly fulfilled.

The company said the requisite regulatory and other approvals for SSGA’s proposed investment in Groww AMC had been received and the transactions contemplated under the January 14, 2026 intimation had been completed.

Following completion of the proposed transaction, SSGA holds voting rights aggregating to 4.85% and an economic interest aggregating to 22.94% of the fully diluted share capital of Groww AMC.

Groww IPO listing

Groww shares began trading on the bourses on November 12, 2025, after the company raised Rs 6,632.3 crore through its initial public offering (IPO).

The company’s shares listed at Rs 114 apiece on the BSE, marking a 14% gain over the IPO issue price of Rs 100.

At the current market price, Groww shares are around 73% above their listing price and 97% above their IPO issue price.

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