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Large Internet Consumer Platforms Drive Strong November IPO Momentum on Dalal Street
Groww launched its ₹6,632 crore IPO while Pine Labs opens this week and Shiprocket is also cleared, signaling strong liquidity appetite for platform-led consumer internet and fintech equities.
India’s public market pipeline strengthened further as Groww’s ₹6,632 crore IPO opened for subscription with ₹1,060 crore fresh equity and ₹5,572 crore offer-for-sale at a ₹95–₹100 price band. Pine Labs will follow shortly with a ₹3,900 crore IPO opening November 7, while Shiprocket’s previously cleared ₹2,500 crore IPO adds to the platform-led issuance cycle narrative this month. The cluster of listings signals sustained liquidity appetite for consumer internet, D2C enablement and fintech monetization models heading into FY25–FY26 valuation discovery environments.