The ₹6,632.3-crore initial public offering of Billionbrains Garage Ventures, the parent company of investment and trading platform Groww, opens today in the ₹95-100 price band. The IPO lot size is 150 equity shares and in multiples of 150 equity shares thereafter.

The IPO is combination of a fresh issue of ₹1,060 crore (10.6 crore shares) and an offer-for-sale of ₹5,572.30 crore (5.52 crore shares). Under the OFS, investors Peak VI Partners Investments, YC Holdings II, Ribbit Capital V, GW-E Ribbit Opportunity V, Internet Fund VI, Kauffman Fellows Fund, Alkeon Innovation Master Fund, Propel Venture Partners and Sequoia Capital Global Growth Fund III will sell a part of their holdings.

The company has reserved up to 75 per cent of the issue for qualified institutional buyers (QIBs), 15 pe

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