+ Follow us On Google

Groww IPO Price Band, GMP Today: Billionbrains Garage Ventures, the parent company of online investment platform Groww, has set the price band for its initial public offering (IPO) at Rs 95-Rs 100 per share, valuing the company at over Rs 61,700 crore (nearly $7 billion). The Rs 6,632-crore IPO will open for subscription on November 4 and close on November 7, with a special one-day early window for retail investors on November 3.

Groww IPO Structure and Promoter Participation

The IPO consists of a fresh share issue worth Rs 1,060 crore and an offer-for-sale (OFS) of 57.4 crore shares by existing shareholders and founders. Each of the four co-founders — Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal — will sell up to 10 lakh shares. Together, the founder

See Full Page