Mumbai/IBNS, April 10 -- Shares of Billionbrains Garage Ventures Ltd., the parent company of Groww, surged 5 percent on Friday, extending gains for the third consecutive session, according to media reports.

The stock hit an all-time high of Rs.197 during the day's trade.

The rally came amid heavy market activity, with nearly three crore shares changing hands in the opening hours.

Groww listing

The price band for the IPO was set at Rs. 95-100 per share with a lot size of 150 shares. In the grey market, the premium surged from Rs. 5 to Rs. 11 prior to listing.

About Groww

Founded in 2016 by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, all former Flipkart employees, Groww is a Bengaluru-based fintech company.

It started a...