Shares of Billionbrains Garage Ventures Ltd., the parent company of investment platform Groww, extended their listing gains for a second consecutive session on Thursday, climbing another 11% to hit a new peak of Rs 145.48 on the BSE. This marks a notable 45.5% gain over its IPO issue price of Rs 100, while the stock … Read more
After receiving a healthy response from investors, Billionbrains Garage Ventures, better known as Groww, will finalise share allotments for its Rs 6,632 crore IPO on Monday. Investors can check their allotment status online once the process is completed by the registrar, MUFG Intime India. The IPO, which opened on November 4 and closed on November … Read more
As Groww opens its much-awaited initial public offering (IPO) today, the excitement is palpable. The Bengaluru-based investment platform, incorporated as Billionbrains Garage Ventures Ltd, aims to raise Rs 6,632 crore at a price band of Rs 95–100 per share. With a grey market premium (GMP) hovering around 14% and a valuation that could touch Rs … Read more
Dalal Street is gearing up for another busy week of public offerings, led by the much-awaited Groww IPO, which will test investor appetite for India’s new-age fintech stocks amid a wave of regulatory and market volatility. Alongside, a handful of smaller SME issues will also hit the market, keeping retail investors engaged. With around Rs … Read more
Online brokerage Groww’s founders are set for a massive payday as the Bengaluru-based fintech gears up for one of India’s most-awaited public listings next week. At the upper end of the IPO price band, the company’s four co-founders will together pocket Rs 40 crore, marking windfall gains of up to 4,950% from their original investment. … Read more
Stock broker Groww on Thursday rolled out commodities trading on its platform, as it continues diversifying its wealth and capital markets offerings. Groww customers with active trading accounts can trade in commodities such as crude oil, gold, silver and natural gas through the Metropolitan Stock Exchange from 9 am to 11:30 pm, according to information … Read more
In the run-up to its much-anticipated public debut, online investment platform Groww has sparked a frenzy in India’s private markets. Investors are aggressively chasing unlisted shares of the Bengaluru-based firm at valuations that go well beyond its last transacted levels, providing a glimpse into the heightened expectations around its upcoming IPO. Groww, which filed an … Read more
Billionbrains Garage Ventures Ltd., the parent of India’s largest investment platform Groww, is preparing to file for an initial public offering in Mumbai as early as next week, according to people familiar with the matter. Backed by Microsoft Corp. Chief Executive Officer Satya Nadella, the firm is seeking to raise between $650 million and $800 … Read more
Indian online investment platform Groww has filed draft papers confidentially with the country’s markets regulator for an initial public offering between $700 million and $1 billion, two sources said on Monday. The IPO is a mix of fresh issue of shares and existing investors paring some stake, the sources said, adding that the company aims … Read more