Groww raises Rs 2,985 crore from investors ahead of IPO, sovereign funds, SBI MF join anchor book

Groww’s Rs 6,632-crore initial public offering comprises a fresh issue of Rs 1,060 crore and an offer for sale (OFS) of 557 million shares by existing shareholders. The price band has been fixed at Rs 95–100 per share. The firm is targeting to go public at a valuation of $7 billion.

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