Groww aims to raise Rs 6,632.3 crore through the mainboard IPO. (Image: Canva AI) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Groww-parent Billionbrains Garage Ventures Ltd has opened its highly anticipated public issue for subscription. The IPO was subscribed 1.85 times on the final day of bidding.

The price band for the offering is fixed between Rs 95 and Rs 100 per share, with an issue size totaling Rs 6,632.3 crore. The IPO is structured as a mix of a fresh issue and an offer for sale by existing shareholders, aimed at funding growth initiatives like strengthening cloud infrastructure and investing in subsidiaries.

The IPO had garnered a little over Rs 2,984 crore from anchor investors on Monday, including Abu Dhabi Investment Authority and the Government of Sing

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