Groww IPO : Groww, an Indian stockbroker, is aiming for a valuation of approximately Rs 617 billion (USD 7.02 billion) in its upcoming initial public offering (IPO), which is expected to launch for bidding next week. As per Reuters, to benefit from the rise of retail investors accessing the security markets, the IPO is being launched at a time when retail investors start entering India's long under-penetrated capital market by using mobile platforms, such as Groww, which is being aided by increased financial literacy, easy digital onboarding, and cheaper trading fees. Groww IPO Price Band : According to a public filing cited by Reuters, Groww has determined the price band for its IPO to be 95-100 rupees per share, with a total offering of 66.3 billion rupees (USD 754 million). T
Groww IPO: Price band for shares, subscription date announced
ET Now10/30
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