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Indian investment firm Groww targets $7b valuation in IPO
Groww, an Indian stock broking platform, is seeking a valuation of about US$7 billion through an IPO opening for bids on November 4, 2025.
The company is offering shares at a price band of 95-100 rupees (US$1.14–US$1.20) each, aiming to raise 66.3 billion rupees (US$754 million).
The share sale will close on November 7, 2025 with anchor investor bidding set for November 3, 2025.
Existing shareholders, including Tiger Global and Peak XV Partners, are selling 557.2 million shares, while Groww is issuing new shares worth 10.6 billion rupees (US$120.6 million).
🔗 Source: Reuters
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