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Investment platform Groww, operated by Billionbrains Garage Ventures Ltd, has raised Rs 2,984.5 crore from anchor investors ahead of its initial public offering (IPO).
The company’s IPO committee approved the allocation of 29.85 crore shares at Rs 100 per share, comprising a face value of Rs 2 and a premium of Rs 98, as per the company’s regulatory filing accessed from the stock exchange.
According to the company’s filing, Groww attracted participation from a strong line-up of marquee investors, including HDFC Mutual Fund, Kotak Mutual Fund, SBI…
