Core Points - Billionbrains Garage Ventures, the parent company of India's largest online brokerage Groww, is set to launch its IPO subscription on Tuesday, aiming to raise up to ₹66.3 billion (approximately $747 million) [1] - The stock is expected to be priced between ₹95 and ₹100 per share, which would value the company at around $7 billion if priced at the upper limit [1] - The shares are anticipated to start trading on November 12, coinciding with a booming IPO market in India, which recently recorded a historic high in October [1] - Groww, often referred to as the Indian version of Robinhood, has seen a surge in its customer base, reaching nearly 12 million active users as of September [1] - At the upper price range, Groww's valuation is approximately 30 times its earnings for the fiscal year ending in March [1]
印度最大线上券商母公司启动IPO，估值或达70亿美元！印度版的Robinhood，Groww得到了微软首席执行官纳德拉的支持