Grow-Parent Gets its Highest Share Price Target From BoFA, a 135% Return From Issue Price

Billionbrains Garage Ventures, parent company of Groww, is gaining lights again. April 15, 2026, Bank of America Securities (BoFA) initiated coverage on Groww with a “Buy” rating and a price target of ₹235 per share. It is the highest target given by any brokerage since listing.

This translates to a remarkable 135% return over its IPO issue price of ₹100, further cementing Groww’s reputation as one of India’s most exciting fintech listings in recent memory.

What BoFA Said About Groww’s Share Price

BoFA Securities did not mince words in its initiation report.The brokerage flagged:

• Buy rating with a target price of ₹235 per share.

• Projected 30% revenue CAGR through FY 28.

• EBITDA margins expanded to ~67% by FY 28.

• Groww is well positioned to capitalise on India’s strong retail investing tailwinds.

A report published under the name “Engineered for Growth”, covers the highlights of BoFA’s conviction in Groww’s business model and long-term scalability in India’s booming retail investing ecosystem.

Groww Share Price: The Rally in Numbers

Ever since its stock market debut in November 2025, there has been a relentless upward growth in Groww share price.

Source: NSE

Important Metrics

Source:groww business-standard

The stock surged 9% to an all time high of ₹213 per share on April 14, 2026, before BoFA’s initiation pushed it even higher. In just a period of 5 months since its IPO, the Groww share price has more than doubled from its issue price.

Why Analysts are Bullish for Groww Share Price

Groww is not just a broker, but it is a full stack digital financial service platform. Here’s why institutional confidence is growing:

• As India’s #1 retail broker, Groww commands a 26.27% market share with 12.6 million active NSE clients as of June 2025.

• The company has a strong profitability with Net Profit Margin of 44% with FY 25 revenue of  ₹4056 crore.

• Revenue tripled from FY 23 to FY 25, with further doubling forecast for FY 28.

• EBITDA margin expected to expand to 66.4% by FY 28, supported by non-broking revenue scale-up.

• The median user’s age is just 33 years, which indicates a massive long-term runway.

Where Does Groww Stand Among Brokerages?

BoFA’s target of ₹235 share price is currently the highest on the Street, but it is not the only company in its bullishness.

• JM Financials has a more cautious voice in the room. They said “ We think investors should actually sell this stock, we believe its only worth  ₹144. Why? It is because Groww earns most of its money from stock trading and India’s market regulator SEBI has been tightening rules around this. If SEBI brings in stricter regulations, Groww’s income could take a hit, and JM Financials think that it is a big risk to take a hit. (Source: Money9Live)

• Motilal Oswal also likes Groww and says, in normal scenarios the stock can reach ₹185, and in the best scenario, it could even hit ₹260.  So they are also optimistic, just slightly more cautious than BoFA. (Source: Outlook Business)

Groww IPO- A Quick Recap

Here is a quick recap of Groww:

Should You Buy Groww Stock Now?

BoFA’s ₹235 price target implies roughly 21% upside from current levels. However, investors must weigh these:

• Regulatory Risk: A large portion of earnings depend on F&O broking, a segment under increasing SEBI scrutiny.

• Valuation: Groww trades at ~22x estimated FY28 earnings, cheaper than global peer Robinhood’s ~40x CY 27 earnings.

• Growth Visibility: With 30% revenue CAGR projected and margins expanding, the long-term story remains intact.

Disclaimer: This blog is just for informational purposes only and does not constitute investment advice. Please consult a SEBI-registered advisor before investing.

Conclusion

The Groww Share price story is one of the most exciting fintech narratives in India’s stock market right now. From a modest IPO issue price of ₹100, the stock has surged over 113% in just five months. 

With BoFA securities setting the Street’s highest target of ₹235, the momentum shows no sign of slowing down. So whether you are an existing investor or someone watching from the sidelines, the Groww share price is definitely one to watch closely in 2026 and beyond.

FAQs

What is the current Groww share price target given by BoFA?

Bank of America (BoFA) Securities has a set target price of ₹235 per share. It would bring in 135% return on IPO issue price of ₹100.

What was the Groww IPO issue price?

The issue price for Groww was ₹100, lied between a price band of ₹95-₹100.

Who is the parent company of Groww?

Groww is owned and operated by Billionaire Garage Ventures Limited.