More
    HomeBusinessGroww's IPO to open November 4 at 95-100/share price band

    Groww’s IPO to open November 4 at 95-100/share price band

    Published on

    MUMBAI: The Rs 6,632-crore initial public offering for Billionbrains Garage Ventures that runs the digital financial services company Groww, is set to open on November 4 and close on November 7. At the upper end of the Rs 95-100 price band for the IPO, the company is valued at nearly Rs 62,000 crore. The shares are to be listed on NSE and BSE around November 12.Of the total offer size, Rs 1,060 crore will accrue to Groww while a bunch of existing shareholders, mostly private equity players, would get Rs 5,572 crore in total by offloading part of their stakes.Established in 2017, the Bengaluru-based fintech company offers a host of financial and investment products such as stocks, derivatives, mutual funds, IPOs, bonds to retail investors through its digital platform. The company’s aim is to offer all types of financial and investment solutions to its customers.

    Source link

    Latest articles

    People can’t tell AI-generated music from real thing anymore, survey shows

    It's become nearly impossible for people to tell the difference...

    MLS games head to Apple TV in 2026 as Season Pass ends

    Inter Miami CF forward Lionel Messi (10) scores a goal during the first half...

    Anthony Joshua vs Jake Paul: Would AJ’s reputation be harmed by exhibition?

    Influencer boxing matches began to garner high viewership with KSI's first boxing fight against...

    More like this

    People can’t tell AI-generated music from real thing anymore, survey shows

    It's become nearly impossible for people to tell the difference...

    MLS games head to Apple TV in 2026 as Season Pass ends

    Inter Miami CF forward Lionel Messi (10) scores a goal during the first half...