Groww’s IPO Conundrum, Infra.Market Eyes $83 Mn & More

Groww’s Massive VC Cashout

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…