Groww-parent Billionbrains Garage Ventures may file its red herring prospectus (RHP) anytime soon with the capital market Sebi. Ahead of its IPO, unlisted shares of Groww have received a sharp correction and according to the dealers, the trading of the counter is likely to be halted in a day or two, after company's intimation for the same. Advertisement

According to the dealers, unlisted shares of Groww have corrected up to 20 per cent from its price at around Rs 145-150 and currently are trading around Rs 120-125 apiece in the pre-IPO market. However, they believe that the stock is still overvalued in the unlisted space and IPO price tag is seen even lower-than-existing prices.

Sandip Ginodia, CEO of Kolkata-based Altius Investech said that the valuations appears to be stretched at cur

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