Daijiworld Media Network - Mumbai

Mumbai, Oct 30: Billionbrains Garage Ventures Ltd., the parent company of India’s leading investment platform Groww, has announced the price range for its highly anticipated Rs 6,632-crore initial public offering (IPO), scheduled to open for subscription from November 4 to November 7.

The IPO comprises a fresh issue of shares worth Rs 1,060 crore and an offer for sale (OFS) of 55.7 crore shares valued at Rs 5,572 crore. Investors can bid within the price band of Rs 95 to Rs 100 per share, with a minimum lot size of 150 equity shares of face value Rs 2, requiring an investment of Rs 15,000 at the upper price limit.

The portion reserved for retail investors has been capped at 10%, while anchor investors will be invited to participate on November 4, a day

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