Groww files paper to go public, seeks to raise up to $1 billion in IPO

MUMBAI: Billionbrains Garage Ventures, the parent company of brokerage free stock broking firm Groww, has filed draft papers with markets regulator Sebi for an initial public offering (IPO) estimated to be in the range of $700 million to $1 billion through a confidential pre-filing route, said sources aware with the development.

The IPO is a combination of a fresh issue of equity shares and an offer for sale (OFS) component.