Mumbai/IBNS, Nov. 20 -- Billionbrains Garage Ventures Ltd., the parent company of online investment platform Groww, saw its share prices fall by 8 percent on Thursday, widening losses after a 10 percent decline on Wednesday, media reports said.

The drop follows a sharp post-listing run, with Groww shares rising over 90 percent above the issue price just two days after its debut.

Groww was listed on November 12 at Rs. 112, a 12% premium over its issue price. During the IPO subscription period from November 4-7, the Rs. 6,632 crore IPO was oversubscribed 17.6 times, reflecting strong investor demand.

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...