Groww, the tech-backed brokerage, seeks 7$ billion valuation in public offering

Billionbrains Garage Ventures, the parent company of stock broking firm Groww, on Thursday fixed a price band of Rs 95-100 per share for its upcoming Initial Public Offering (IPO), targeting a valuation of over Rs 61,700 crore (about USD 7 billion). The company’s Rs 6,632 crore IPO would open for public subscription on November 4 and conclude on November 7, according to a public announcement.

The bidding for retail investors will open for a day on November 3.