Billionbrains Garage Ventures, the owner of India’s largest brokerage platform Groww, is planning to raise Rs 6,630 crore through an initial public offering ( IPO ). The company on thursday fixed a price band of Rs 95-100 per share, targeting valuation of over Rs 61,700 crore

The issue will comprise of a fresh issue of 106 million equity shares aggregating to Rs1,060 crore and an offer for sale (OFS) of 557.2 million equity shares, aggregating to Rs 5,572.3 crore.

Some of the investors participating in the OFS include Peak VI Partners Investments, YC Holdings II, Ribbit Capital V, GW-E Ribbit Opportunity V, Internet Fund VI, Kauffman Fellows Fund and Sequoia Capital Global Growth Fund III. Microsoft CEO Satya Nadella is also an investor.

Post-IPO, the growth focus will be in wealth, l

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