Groww IPO, Nov. 17 -- A massive 78% rise in the IPO shares of Billionbrains Garage Ventures, the parent of discount broking firm Groww, has not only made investors happy but also minted a new billionaire on Dalal Street - Lalit Keshre.

Lalit Keshre owns nearly 55.91 crore shares of Groww, valued at over Rs.9,960 crore, as of Monday's closing price of Rs.178.23 on the National Stock Exchange (NSE). In dollar terms, his stake is valued at $1.12 billion (1 USD equals 88.61 rupees).

Born to a farmer in Lepa, a remote village in Madhya Pradesh, Keshre moved to Khargone, where he lived with his grandparents so he could continue his education, as there were no English-medium schools in his hometown.

Keshre went on to clear the Joint Entrance ...