Groww IPO Approved by SEBI: Fintech’s $800M-$1B Initial Public Offering Soon

The IPO of Billionbrains Garage Ventures, the parent company of Groww, has received strong investor interest.

The issue was fully subscribed by the end of Day 2 (Thursday), with a 1.64 times overall subscription.

Today marks the final day of bidding for the ₹6,632 crore IPO.

IPO Details

The price band is set between ₹95 and ₹100 per share, valuing Groww at around ₹61,700 crore (about $7 billion).

The offer includes a fresh issue of ₹1,060 crore and an offer for sale (OFS) of 55.72 crore shares.

Use of Funds

Groww will use the fresh issue money for:

₹225 crore for marketing and brand building

₹205 crore for Groww Creditserv Technology (NBFC arm)

₹167.5 crore for Groww Invest Tech Pvt Ltd to support margi

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