Groww aims to raise Rs 6,632 crore through the mainboard IPO. (Image: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Discount stockbroker Groww's parent company Billionbrains Garage Ventures Ltd. is set to open its initial public offering worth Rs 6,632 crore for subscription on Tuesday.

The Groww IPO offer consists of a fresh issue of up to Rs 1,060 crore and an offer for sale of 55.7 crore shares worth up to Rs 5,572 crore.

Investors offloading their stake in the platform include Peak XV, Y Combinator, Ribbit Capital, Tiger Global, and Kauffman Fellows.

The bankers handling the offer include JPMorgan, Kotak Mahindra Capital, Citigroup, Axis Capital, Citigroup and Motilal Oswal.

Investors can place bids in the price range of Rs 95 and Rs 100, according t

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