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7h agoIndian broker Groww targets $7 billion valuation in upcoming IPO
Indian online stock broker Groww has set a price band of ₹95-100 per share ahead of its IPO beginning on November 4 , aiming for a valuation of around ₹617 billion (≈ US$7.02 billion). Existing backers including Tiger Global and Peak XV Partners will sell shares, while Groww issues new shares worth about ₹10.6 billion (≈ US$120.6 million). The firm benefits from a surge in retail investing, mobile onboarding and low-cost trading; the IPO is scheduled to end on November 7 in a holiday-truncated week. Investors will scrutinise subscription levels, valuations and retention of retail user growth.
optimistic
7h agoIndian broker Groww targets $7 billion valuation in upcoming IPO
Indian online stock broker Groww has set a price band of ₹95-100 per share ahead of its IPO beginning on November 4 , aiming for a valuation of around ₹617 billion (≈ US$7.02 billion). Existing backers including Tiger Global and Peak XV Partners will sell shares, while Groww issues new shares worth about ₹10.6 billion (≈ US$120.6 million). The firm benefits from a surge in retail investing, mobile onboarding and low-cost trading; the IPO is scheduled to end on November 7 in a holiday-truncated week. Investors will scrutinise subscription levels, valuations and retention of retail user growth.
optimistic
Indian broker Groww targets $7 billion valuation in upcoming IPO
about 7 hours ago
1 min read
97 words
Groww aims for a ~$7 billion valuation in its IPO as retail investing surges; existing backers exit and new shares are issued ahead of listing.
Indian online stock broker Groww has set a price band of ₹95-100 per share ahead of its IPO beginning on November 4 , aiming for a valuation of around ₹617 billion (≈ US$7.02 billion). Existing backers including Tiger Global and Peak XV Partners will sell shares, while Groww issues new shares worth about ₹10.6 billion (≈ US$120.6 million). The firm benefits from a surge in retail investing, mobile onboarding and low-cost trading; the IPO is scheduled to end on November 7 in a holiday-truncated week. Investors will scrutinise subscription levels, valuations and retention of retail user growth.
Indian online stock broker Groww has set a price band of ₹95-100 per share ahead of its IPO beginning on November 4 , aiming for a valuation of around ₹617 billion (≈ US$7.02 billion). Existing backers including Tiger Global and Peak XV Partners will sell shares, while Groww issues new shares worth about ₹10.6 billion (≈ US$120.6 million). The firm benefits from a surge in retail investing, mobile onboarding and low-cost trading; the IPO is scheduled to end on November 7 in a holiday-truncated week. Investors will scrutinise subscription levels, valuations and retention of retail user growth.
Tags:
ipo
India
ipo
India
startups
stocks
retail investing
Oct 29, 2025 • 21:05 IST