Issue Subscribed 22% On Day 1

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SUMMARY

Retail investors showed the highest interest in the IPO, with the portion reserved for them subscribed 92%

Groww’s INR 6,600 Cr IPO comprises a fresh issue of INR 1,060 Cr and an offer-for-sale component of up to 55.72 Cr shares

Yesterday, Groww raised INR 2,984.5 Cr from anchor investors, including 17 domestic mutual funds, Goldman Sachs, Societe Generale, ADIA, among others

Investment tech major Groww’s IPO saw a decent start on the Day 1 of bidding, with the…



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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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Issue Subscribed 22% On Day 1


SUMMARY

Retail investors showed the highest interest in the IPO, with the portion reserved for them subscribed 92%

Groww’s INR 6,600 Cr IPO comprises a fresh issue of INR 1,060 Cr and an offer-for-sale component of up to 55.72 Cr shares

Yesterday, Groww raised INR 2,984.5 Cr from anchor investors, including 17 domestic mutual funds, Goldman Sachs, Societe Generale, ADIA, among others

Investment tech major Groww’s IPO saw a decent start on the Day 1 of bidding, with the…



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.

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