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