Low cost stockbroker Groww’s father or mother firm Billionbrains Storage Ventures Ltd. is about to open its preliminary public providing value Rs 6,632 crore for subscription on Tuesday.
The Groww IPO supply consists of a recent situation of as much as Rs 1,060 crore and a proposal on the market of 55.7 crore shares value as much as Rs 5,572 crore.
Traders offloading their stake within the platform embrace Peak XV, Y Combinator, Ribbit Capital, Tiger World, and Kauffman Fellows.
The bankers dealing with the supply embrace JPMorgan, Kotak Mahindra Capital, Citigroup, Axis Capital, Citigroup and Motilal Oswal.
Traders can place bids within the value vary of Rs 95 and Rs 100, in accordance with a public commercial. The minimal bid lot measurement is 150 fairness shares of face worth of Rs 2, requiring an funding of Rs 15,000 on the higher value band.
The portion for retail buyers is capped at 10% of the IPO supply. Primarily based on the higher value band, the corporate is valued at Rs 92,074 crore.
