Groww Files Updated DRHP, To Raise INR 1,060 Cr Via Fresh Issue

Share via:


SUMMARY

The public issue will comprise a fresh issue of shares worth up to INR 1,060 Cr ($120.5 Mn) and an offer-for-sale (OFS) component of up to 57.4 Cr shares

Sources told Inc42 that the OFS component would be in the range of INR 5,000 Cr to INR 6,000 Cr ($568 Mn to $681 Mn)

In Q1 FY26, the company’s net profit rose 11% YoY to INR 378.4 Cr while operating revenue declined 10% YoY to INR 904.4 Cr

Investment tech unicorn Groww has filed its updated draft red herring prospectus (UDRHP) with SEBI for its IPO. 

The public…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Groww Files Updated DRHP, To Raise INR 1,060 Cr Via Fresh Issue


SUMMARY

The public issue will comprise a fresh issue of shares worth up to INR 1,060 Cr ($120.5 Mn) and an offer-for-sale (OFS) component of up to 57.4 Cr shares

Sources told Inc42 that the OFS component would be in the range of INR 5,000 Cr to INR 6,000 Cr ($568 Mn to $681 Mn)

In Q1 FY26, the company’s net profit rose 11% YoY to INR 378.4 Cr while operating revenue declined 10% YoY to INR 904.4 Cr

Investment tech unicorn Groww has filed its updated draft red herring prospectus (UDRHP) with SEBI for its IPO. 

The public…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Bring home the gaming thrill this New Year with...

The New Year feels like the perfect excuse...

Today’s NYT Connections: Sports Edition Hints, Answers for Dec....

Looking for the most recent regular Connections answers? Click here...

I like Apple’s iOS 26 update — but this...

This year's iOS 26 update put the focus on...

Popular