The initial public offering (IPO) of Billionbrains Garage Ventures, the parent company of Groww, continued to see a decent response from the investors during the second day of the bidding process. The issue was overall booked more than half on day one and ended day two with more than 1.6 times bids. Advertisement

Groww is selling its shares in the price band of Rs 95-100 apiece. Investors can apply for a minimum of 150 shares and its multiples thereafter. It is looking to raise Rs 6,632.30 crore via IPO, which included a fresh share sale of Rs 1,060 crore and an offer-for-sale (OFS) of up to 55,72,30,051 equity shares worth Rs 5,572.30 crore.

According to the data, the investors made bids for 3,23,42,28,450 equity shares, or 8.87 times, compared to the 36,47,76,528 equity shares offered

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