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Earlier this week, Groww filed its updated DRHP for a massive INR 7,000 Cr public listing. Yet, the fine print of the draft papers reveals a sore reality – the IPO appears to be a grand exit for its early backers rather than growth capital for India’s largest discount broking platform.
The Lopsided IPO: Groww’s IPO allocates just INR 1,060 Cr for fresh issue, while earmarking 85% for OFS. This means that nearly INR 6,000 Cr will flow directly to existing…
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Earlier this week, Groww filed its updated DRHP for a massive INR 7,000 Cr public listing. Yet, the fine print of the draft papers reveals a sore reality – the IPO appears to be a grand exit for its early backers rather than growth capital for India’s largest discount broking platform.
The Lopsided IPO: Groww’s IPO allocates just INR 1,060 Cr for fresh issue, while earmarking 85% for OFS. This means that nearly INR 6,000 Cr will flow directly to existing…
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.
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