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Groww IPO opens on Nov 4 with ₹95-100 price band, eyeing large retail base
Groww’s IPO opens Nov 4 (₹95-100/share), offering fresh capital plus OFS as the platform seeks to scale its retail brokerage business.
Bengaluru-based retail broking and investment platform Groww has kicked off its IPO subscription from Nov 4 with a price band of ₹95-100 per share and an expected issue size near ₹6,632 crore. The public offer mixes a fresh issue and offer-for-sale by early backers including Tiger Global and Peak XV. Groww plans to use proceeds for product development, customer acquisition and working-capital; anchor investors may subscribe on Nov 3 ahead of the three-day retail window.