Groww parent’s IPO off to strong anchor start as subscriptions open

Billionbrains Garage Ventures, Groww’s parent, has raised nearly ₹2,985 crore through anchor allocations ahead of its ₹6,632-crore IPO opening. The book attracted more than 100 institutional anchors, signalling solid institutional interest even as retail bids trickle in. The offering mixes fresh capital and an offer-for-sale by shareholders; bankers say listing performance will hinge on perceived path to profits, margin expansion and subscription velocity. With multiple fintech listings in the calendar, subscription pace, anchor lock-ins and grey market premium will determine pricing and listing gains.