Why ipo Is Trending Today?

Groww, a leading Indian investment platform, is set to raise ₹6632.3 crore through its Initial Public Offering (IPO), opening on November 4 at a price band of ₹95-100 per share. The IPO aims to fund Groww's expansion into wealth management, Portfolio Management Services (PMS), and commodities. Market experts suggest potential double-digit listing gains for Groww, given its strong performance and investor optimism. Early investors in Groww are poised to reap significant multi-fold gains from the IPO.

Groww, a fintech unicorn, is set to debut on the stock market next week, with early indications suggesting double-digit gains. The IPO, which opens on November 4 and closes on November 7, has a price band of Rs 95-100 per share, aiming to raise Rs 6,632 crore. Promoters stand to gain significantly, with a potential windfall of up to 4,950%. Groww's parent company, BillionBrains, is seeking $752 million in its Mumbai IPO. The IPO is part of India's 2025 IPO wave, with a total listing plan of $7 billion.