New Delhi, Oct 30 (PTI) Billionbrains Garage Ventures, the parent company of stock broking firm Groww, on Thursday fixed a price band of Rs 95-100 per share for its upcoming Initial Public Offering (IPO), targeting a valuation of over Rs 61,700 crore (about USD 7 billion). The company’s Rs 6,632 crore IPO would open for public subscription on November 4 and conclude on November 7, according to a public announcement.

The bidding for retail investors will open for a day on November 3.

The IPO comprises a fresh issue of equity shares worth Rs 1,060 crore along with an Offer For Sale (OFS) component of 574,190,754 equity shares by promoters and investor shareholders.

As a part of the OFS, the company’s promoters — Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal — each offering up

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