Will Groww IPO’s High OFS Portion Be A Concern For Retail Investors?

Groww, India’s largest retail brokerage in terms of active investors, is all set for another mega new-age tech IPO after the huge gains seen by Urban Company earlier this week. 

The fintech giant aiming to mop up nearly INR 7,000 Cr from the public market at a valuation of $7-8 Bn.

Groww is believed to have democratised wealth creation by bringing millions of India’s young digitally native users to the wealthtech space along with Zerodha. 

While bootstrapped Zerodha has not outlined any plans to go public, Groww, founded by Lalit…