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Indian online brokerage platform groww’s ipo on wednesday proved to be the largest listing by an indian fintech so far this year, as the company raised ₹66.3 billion (about $748 million) with. Billionbrains garage ventures ltd., the parent of india’s top discount broker groww, surged in its trading debut on wednesday after raising $752 million in an initial public offering, defying. Shares of billionbrains garage ventures , parent of online brokerage groww, jumped 24% in their market debut on wednesday, valuing the firm at 761 billion rupees ($8.6 billion) as investors bet on.
tits | Scrolller
Indian investment app groww raised ~$748m in its indian ipo, closing up 29% and giving it a ~$9b market cap Why investors flocked to groww Groww ipo made a stellar debut with shares listing at up to 14% premium on bse and nse, outperforming grey market expectations
The ₹6,632 crore issue saw strong investor demand, subscribed nearly 18 times.
Groww shares debuted on dalal street with a premium, listing at rs 114 on the bse and rs 112 on the nse, exceeding grey market expectations Groww’s strong debut pushed its market valuation to rs 79,547 crore ($8.9 billion), significantly higher than the initial ipo valuation of rs 61,736 crore ($7 billion) Analysts noted that this performance exceeded expectations, highlighting the firm’s dominant position in india’s retail investing ecosystem
