Groww founders, early investors set to make a killing with IPO, to earn up to 5,100%

MUMBAI: The promoters and the early investors of Billionbrains Garage Ventures, the parent of the largest brokerage Groww, are going to make a killing from the Rs 6,632-crore IPO that’s opening Monday, because their acquisition value is only a fraction of the post-issue valuation of the company that’s prints in at Rs 61,735 crore at the upper end of price band. Some of them will be making a windfall of up to Rs 5,100% while the lowest return is 1,700%.