Groww parent’s IPO opens with broad anchor participation

Billionbrains Garage Ventures — parent of investment platform Groww — launched its IPO this week with a price band and an anchor-book subscription that reportedly raised close to ₹3,000 crore from institutional investors. The issue mixes a fresh capital raise and an offer-for-sale by existing shareholders. Early retail interest appears moderate; market commentary highlights that listing performance will hinge on perceived scalability, margin recovery and whether institutional anchors hold positions into listing. The IPO sits amid a crowded fintech listing calendar, testing investor appetite for digital-wealth plays.