The shares of Groww IPO will be listed on both the National Stock Exchange and the BSE on Nov. 12.

(Photo: Divya Prata/NDTV Profit) Groww is raising Rs 6,632 crore, comprising a fresh issue of Rs 1,060 crore and an offer for sale of Rs 5,572 crore. Of the total proceeds, Rs 152.5 crore will be used for cloud infrastructure, Rs 225 crore for brand and marketing, Rs 205 crore to strengthen the NBFC subsidiary’s capital base, Rs 167.5 crore for funding the margin trading business, and the balance towards inorganic growth and general corporate purposes.

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