Billionbrains Garage Ventures Ltd., the parent company of stock broking platform Groww, is set to launch its ₹6,632 crore initial public offering (IPO) on November 4.

Anchor investors can bid for shares on November 3, while the issue will remain open for public subscription until November 7.

The company has fixed the price band at ₹95-100 per share for its maiden public issue. Investors can place bids in lots of 150 shares and in multiples thereof.

Backed by Peak XV Partners, Sequoia Capital, Tiger Global, and Microsoft Corp. CEO Satya Nadella, Groww is targeting a valuation of about ₹61,736 crore, which would make it larger than its listed peers like Angel One, Motilal Oswal Financial Services, 360 ONE WAM, and Nuvama Wealth Management.

The Bengaluru-based company plans to raise ₹1,06

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