Indian stock broking platform Groww is targeting a valuation of about ₹61,700 crore ($7.02 billion) through its IPO that is set to open for bids next week, as it looks to capitalise on a surge in retail investors accessing the securities markets.

The IPO comes as first-time investors using mobile platforms such as Groww are rushing to the largely under-penetrated capital market, boosted by rising financial literacy, easy digital onboarding and low-cost trading.

IPO details and key dates

Groww has set a price band of ₹95–100 per share for its IPO of ₹663 crore ($754 million) that opens for bidding on November 4, a public filing showed early on Thursday. The three-day share sale will end on November 7 in a holiday-truncated week for Indian stock markets. Anchor investors can bid on Novemb

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