Groww files draft papers for IPO, eyes $700 million to $1 billion listing

Share via:


Online investment platform Groww has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), to launch an initial public offering (IPO), as per a public notice on May 25.

The IPO is estimated to be in the range of $700 million to $1 billion, according to people briefed on the matter.

The IPO papers which have been filed confidentiality will comprise equity shares with a face value of Rs 2 each, to be listed on both the NSE and BSE.

The company’s public filing was made under Billionbrains Garage Ventures…



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 draft papers for IPO, eyes $700 million to $1 billion listing


Online investment platform Groww has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), to launch an initial public offering (IPO), as per a public notice on May 25.

The IPO is estimated to be in the range of $700 million to $1 billion, according to people briefed on the matter.

The IPO papers which have been filed confidentiality will comprise equity shares with a face value of Rs 2 each, to be listed on both the NSE and BSE.

The company’s public filing was made under Billionbrains Garage Ventures…



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

Otipy Raised Millions, But Couldn’t Beat The Quick Commerce...

From farm to table — this is the...

How Omnivio Is Helping Brands Nail The Quick Commerce...

In a digital-first economy, more businesses are doubling...

KPMG launches multi-agent AI platform, Workbench

KPMG International rolled out its multi-agent artificial intelligence...

Popular

Upcoming Events

bbbb bbbb bbbb bbbb bbbb bbbb bbbb bbbb bbbb bbbb bbbb bbbb bbbb bbbb